TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 20, 2018
COMMITTEE ON REAL ESTATE
Brian A. Perkovich, Executive Director
Title
Authority to grant to Illinois Bell Telephone Company, LLC d/b/a AT&T Illinois a 25-year, 15’ x 435’ non-exclusive easement to continue to construct, reconstruct, operate, maintain, repair, replace, and remove subterranean telecommunication cables and two manhole-accessible utility vaults on Main Channel Parcel 15.05 in Lockport, Will County, Illinois. Consideration shall be an initial annual easement fee of $5,000.00
Body
Dear Sir:
On November 20, 1958, the District granted Illinois Bell Telephone Company, LLC d/b/a AT&T Illinois the right to enter Main Channel Parcel 15.05 in Lockport, Will County, Illinois to install approximately 200’ of underground conduit and two manholes between the Main Channel and the Des Plaines River. In 1971, the area was expanded and AT&T installed additional conduits. AT&T has now requested a 25-year, 15’ x 435’ non-exclusive easement to continue to operate, maintain, and repair these existing utilities.
Parcel 15.05 is currently leased to ACBL Transportation Services, LLC (“ACBL”) until December 31, 2055.
The District’s technical departments have reviewed this request and have no objections thereto. An initial annual easement fee of $5,000.00 is recommended, as the pro-rata share of 10% of the fair market value of the land would yield a fee less than the District’s minimum annual easement fee of $5,000.00.
It is requested that the Executive Director recommend to the Board of Commissioners that it grant to Illinois Bell Telephone Company, LLC d/b/a AT&T Illinois a 25-year, 15’ x 435’ non-exclusive easement to continue to construct, reconstruct, operate, maintain, repair, replace, and remove subterranean telecommunication cables and two manhole-accessible utility vaults on Main Channel Parcel 15.05 in Lockport, Will County, Illinois. Consideration shall be an initial annual easement 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 after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:CMM:JAW:vp
Recommended, Brian A. Perkovich, Executive Director
Respectfully Submitted, Kari K. Steele, Vice-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 December 20, 2018
Attachment