TRANSMITTAL LETTER FOR BOARD MEETING OF FEBRUARY 15, 2018
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to grant a 25-year, 8’ x 24’ non-exclusive easement to Illinois Bell Telephone Company d/b/a AT&T Illinois to continue to construct, reconstruct, operate, maintain, repair, replace and remove a telecommunications underground vault at the Egan Water Reclamation Plant premises near Meacham Road in Schaumburg, Illinois. Consideration shall be an initial annual easement fee of $5,000.00
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Dear Sir:
On May 20, 1993, the Board of Commissioners (“Board”) granted a 25-year, 8’ x 24’ non-exclusive easement to Illinois Bell Telephone Company d/b/a AT&T Illinois (“AT&T”) to construct, reconstruct, operate, maintain, repair, replace and remove a telecommunications underground vault at the Egan Water Reclamation Plant premises near Meacham Road in Schaumburg, Illinois. The easement expires May 31, 2018.
The District’s technical departments have reviewed AT&T’s request for a new 25-year easement and have no objections thereto. An initial annual easement fee of $5,000.00 is recommended as 10% of the fair market value of the easement premises would yield a fee less than the Board's minimum annual fee of $5,000.00.
It is requested that the Executive Director recommend to the Board of Commissioners that it grant a 25-year, 8’ x 24’ non-exclusive easement to Illinois Bell Telephone Company d/b/a AT&T Illinois to continue to construct, reconstruct, operate, maintain, repair, replace and remove a telecommunications underground vault at the Egan Water Reclamation Plant premises near Meacham Road in Schaumburg, Illinois. Consideration shall be an initial annual fee of $5,000.00.
It is also requested that the Executive Director recommend to the Board of Commissioners that it authorize and direct the Chairman of the Committee on Finance and the Clerk to execute said easement agreement on behalf of the District after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:CMM:MM:vp
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, David J. Walsh, Chairman Committee on Real Estate Development
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for February 15, 2018
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