TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 12, 2018
COMMITTEE ON REAL ESTATE
Mr. John P. Murray, Acting Executive Director
Title
Authority to commence statutory procedures to lease approximately 12.34 acres of vacant District real estate located at 7499 Canal Bank Drive in Summit, Illinois; Main Channel Parcel 35.04
Body
Dear Sir:
Great Lakes Lumber & Pallet, Inc. (“Great Lakes”) has requested to lease approximately 12.34 acres of vacant District real estate located at 7499 Canal Bank Drive in Summit, Illinois; Main Channel Parcel 35.04. Great Lakes intends to use the parcel for operating a sawmill and storing raw lumber. The requested lease term is five (5) years.
The District’s technical departments have reviewed this lease request and have indicated that the subject site is not currently needed for corporate use and that they have no technical objections thereto.
It is requested that the Acting Executive Director recommend to the Board of Commissioners that it authorize and direct the General Counsel to commence statutory procedures to lease approximately 12.34 acres of vacant District real estate located at 7499 Canal Bank Drive in Summit, Illinois; Main Channel Parcel 35.04, upon the terms and conditions set forth herein.
Requested, Susan T. Morakalis, General Counsel, STM:CMM:PS:vp
Recommended, John P. Murray, Acting 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 July 12, 2018
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