TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 21, 2019
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to commence statutory procedures to lease 0.117+ acres of District real estate located on the eastern bank of the Collateral Channel at 3152 South California Avenue in Chicago, Illinois; Main Channel Parcel 42.09
Body
Dear Sir:
Lakeshore Recycling Systems, LLC (“Lakeshore”) leases 6.79+ acres of District real estate located at 3152 South California Avenue in Chicago, Illinois; Main Channel Parcels 42.08 and 42.12 under a lease that commenced July 15, 2000, and expires June 14, 2039. Under its lease, Lakeshore operates a municipal solid waste transfer station and a reprocessable construction/demolition material facility. Parcel 42.08 is located along the eastern bank of the Collateral Channel. The parcel’s western boundary line does not extend to the water’s edge.
Lakeshore now requests to lease the area of land between its leasehold’s western boundary line and the Collateral Channel, which comprises 0.117+ acres. The proposed use of the 0.117+ acre area is constructing and maintaining a barge dock for loading and unloading material. The requested lease term is 19 years to coincide with the expiration of its lease on the adjacent parcels.
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 Executive Director recommend to the Board of Commissioners that it authorize and direct the General Counsel to commence statutory procedures to lease 0.117+ acres of District real estate located on the eastern bank of the Collateral Channel at 3152 South California Avenue in Chicago, Illinois; Main Channel Parcel 42.09 upon the terms and conditions set forth herein.
Requested, Susan T. Morakalis, General Counsel, STM:JJZ:CMM:vp
Recommended, Brian A. Perkovich, Executive Director
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for November 21, 2019
Attachment