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File #: 18-0878    Version: 1
Type: Agenda Item Status: Adopted
File created: 8/27/2018 In control: Real Estate Development Committee
On agenda: 9/6/2018 Final action: 9/6/2018
Title: Authority to grant to MCImetro Access Transmission Services Corp., d/b/a Verizon Access Transmission Services: (1) a 25-year, 3,441+ sq. ft. non-exclusive easement to construct, install, operate, maintain, repair and remove a fiber optic transmission cable and appurtenances on and beneath North Shore Channel Parcels 9.11 and 9.15 in Chicago, Illinois and (2) a 90-day, 9,627+ sq. ft. temporary construction easement on North Shore Channel Parcel 9.11.  Consideration shall be an initial annual fee of $5,000.00 for the 25-year easement and a fee of $5,000.00 for the temporary construction easement
Attachments: 1. Authority to Grant MCIMetro-Verizon Easements for North Shore Channel Parcles 9.11 and 9.15.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 6, 2018

 

COMMITTEE ON REAL ESTATE

 

Mr. John P. Murray, Acting Executive Director

 

Title

Authority to grant to MCImetro Access Transmission Services Corp., d/b/a Verizon Access Transmission Services: (1) a 25-year, 3,441+ sq. ft. non-exclusive easement to construct, install, operate, maintain, repair and remove a fiber optic transmission cable and appurtenances on and beneath North Shore Channel Parcels 9.11 and 9.15 in Chicago, Illinois and (2) a 90-day, 9,627+ sq. ft. temporary construction easement on North Shore Channel Parcel 9.11.  Consideration shall be an initial annual fee of $5,000.00 for the 25-year easement and a fee of $5,000.00 for the temporary construction easement

Body

 

Dear Sir:

 

MCImetro Access Transmission Services Corp. d/b/a Verizon Access Transmission Services (“MCI”) has requested: (1) a 25-year, 3,441+ sq. ft. non-exclusive easement to construct, install, operate, maintain, repair and remove a fiber optic transmission cable and appurtenances on and beneath North Shore Channel Parcels 9.11 and 9.15 in Chicago, Illinois and (2) a 90-day, 9,627+ sq. ft. temporary construction easement on North Shore Channel Parcel 9.11.  Parcels 9.11 and 9.15 are located east and west of the North Branch of the Chicago River and north of Lawrence Avenue.  Parcel 9.11 is leased to the Chicago Park District (“Park District”) under a public recreational lease that commenced August 1, 1992, and expires July 31, 2031, and Parcel 9.15 is the site of the District’s North Branch Pumping Station.  Accordingly, the easements are subject to the consent of the Park District. 

 

The District’s technical departments have reviewed MCI’s easement requests and have no objections thereto.  It is recommended that an initial annual easement fee of $5,000.00 be assessed for the 25-year easement and a fee of $5,000.00 be assessed for the temporary construction easement, as the pro-rata share of 10% of the fair market value of each easement premises would yield a fee less than the District's minimum easement fee of $5,000.00 for each easement.

 

It is requested that the Acting Executive Director recommend to the Board of Commissioners that it grant to MCImetro Access Transmission Services Corp., d/b/a Verizon Access Transmission Services: (1) a 25-year, 3,441+ sq. ft. non-exclusive easement to construct, install, operate, maintain, repair and remove a fiber optic transmission cable and appurtenances on and beneath North Shore Channel Parcels 9.11 and 9.15 in Chicago, Illinois and (2) a 90-day, 9,627+ sq. ft. temporary construction easement on North Shore Channel Parcel 9.11.  Consideration shall be an initial annual fee of $5,000.00 for the 25-year easement and a fee of $5,000.00 for the temporary construction easement.

 

It is also requested that the Acting Executive Director recommend to the Board of Commissioners that the Chairman of the Committee on Finance and the Clerk be authorized and directed to execute the easement agreements after they are approved by the General Counsel as to form and legality.

 

Requested, Susan T. Morakalis, General Counsel, STM:CMM:npe

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