TRANSMITTAL LETTER FOR BOARD MEETING OF JANUARY 24, 2019
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to issue a five (5) year permit to the Board of Trustees of Junior College District 534 a/k/a Spoon River College for continued use of approximately 39.16 acres of District real estate on the former Consolidation Coal Company Farm located north of Hickory Road and east of Route 22 in Cuba, Fulton County, Illinois as a farm land laboratory. Consideration shall be an annual fee of $5,000.00
Body
Dear Sir:
Since March 8, 1973, the Board of Trustees of Junior College District 534 (“Spoon River”) has been issued a series of permits for use of approximately 39.16 acres of District real estate on the former Consolidation Coal Company Farm located north of Hickory Road and east of Route 22 in Cuba, Fulton County, Illinois as a farm land laboratory. Spoon River operates the laboratory as part of its Agricultural Management Technology Curriculum, which provides training and education to students looking to acquire the practical skills necessary for a career in agriculture. The current permit expires March 24, 2019, and the annual permit fee is $2,927.00.
Spoon River has requested a new 5-year permit to continue operating the laboratory as part of its agricultural program.
The District’s technical departments have reviewed Spoon River’s request and have no objections thereto. A permit fee in the amount 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 permit fee of $5,000.00.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the issuance of a five (5) year permit to the Board of Trustees of Junior College District 534 a/k/a Spoon River College for continued use of approximately 39.16 acres of District real estate on the former Consolidation Coal Company Farm located north of Hickory Road and east of Route 22 in Cuba, Fulton County, Illinois as a farm land laboratory. Consideration shall be an annual fee of $5,000.00.
It is also requested that the 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 said permit agreement after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:CMM:mm
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 January 24, 2019
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