To watch the live meeting proceedings, please refresh this page at the scheduled meeting time, a link labeled "In Progress" will appear under the Video column

Share to Facebook Share to Twitter Bookmark and Share
File #: 18-0860    Version: 1
Type: Agenda Item Status: Adopted
File created: 8/23/2018 In control: Real Estate Development Committee
On agenda: 9/6/2018 Final action: 9/6/2018
Title: Authority to enter into a 39-year lease with the Chicago Park District on approximately 13 acres of District real estate at SEPA Station No. 1 located north of the Calumet River and west of Torrence Avenue in Chicago, Illinois.  Consideration shall be a nominal fee of $10.00
Attachments: 1. Enter into 39-year lease w Chicago Park District at SEPA Station.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 6, 2018

 

COMMITTEE ON REAL ESTATE

 

Mr. John P. Murray, Acting Executive Director

 

Title

Authority to enter into a 39-year lease with the Chicago Park District on approximately 13 acres of District real estate at SEPA Station No. 1 located north of the Calumet River and west of Torrence Avenue in Chicago, Illinois.  Consideration shall be a nominal fee of $10.00

Body

 

Dear Sir:

 

The Chicago Park District (“Park District”) has requested a 39-year lease on approximately 13 acres of District real estate at SEPA Station No. 1 (“SEPA Station”) located north of the Calumet River and west of Torrence Avenue in Chicago, Illinois.  The Park District is requesting to lease the SEPA Station for the public purpose of improving its native terrestrial habitat by supporting native plants and landscaping and constructing a nature trail for use by the general public.   The trail will connect to adjacent lands owned by the Park District north of the SEPA Station.  The Park District will maintain the SEPA Station’s grounds and driveway, including removing all litter and debris and performing snow removal.  However, the SEPA Station’s pump building, aeration pools and system, and three inaccessible island areas will not be leased and will remain the District’s responsibility

 

The District’s technical departments have reviewed this lease request and have no objections thereto, provided the District continues maintaining and operating the SEPA Station.  A nominal fee of $10.00 is recommended as is customary for a governmental entity using District land for a public purpose.

 

Under 70 ILCS 2605/8c(11), the lease would be terminable upon service of a one-year notice if the property becomes essential to the District’s corporate needs.

 

It is requested that the Acting Executive Director recommend to the Board of Commissioners that it authorize the District to enter into a 39-year lease with the Chicago Park District on approximately 13 acres of District real estate at SEPA Station No. 1 located north of the Calumet River and west of Torrence Avenue in Chicago, Illinois.  Consideration shall be a nominal fee of $10.00.

 

It is also requested that the Acting 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 lease agreement after it is approved by the General Counsel as to form and legality.

 

Requested, Susan T. Morakalis, General Counsel, STM:CMM: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 September 6, 2018

 

Attachment