TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 19, 2019
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
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Authority to grant a 25-year, 1.226± acre non-exclusive easement to Enbridge Energy, Limited Partnership to continue to operate and maintain a 34-inch subterranean petroleum pipeline on Main Channel Parcels 19.01 and 19.08 and suspended over the Main Channel, north of Romeo Road in Romeoville, Illinois. Consideration shall be an initial annual fee of $5,340.00 (Deferred from the December 5, 2019 Board Meeting)
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Dear Sir:
Since 1968, Lakehead Pipe Line Company n/k/a Enbridge Energy, Limited Partnership (“Enbridge”) has operated and maintained a 34-inch subterranean petroleum pipeline on Main Channel Parcels 19.01 and 19.08 and suspended over the Main Channel, north of Romeo Road in Romeoville, Illinois. The pipeline then traverses onto non-District land. The easement, as extended, expires December 18, 2019. The current annual easement fee is $4,862.50.
Enbridge has requested a new 25-year, 1.226± acre non-exclusive easement to continue to operate and maintain the pipeline. The District’s technical departments have reviewed this request and have no objections thereto. An initial annual easement fee of $5,340.00 is recommended, which represents 10% of the fair market value of the land based upon recent appraisals of nearby comparable sites.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize the grant of a 25-year, 1.226± acre non-exclusive easement to Enbridge Energy, Limited Partnership to continue to operate and maintain a 34-inch subterranean petroleum pipeline on Main Channel Parcels 19.01 and 19.08 and suspended over the Main Channel, north of Romeo Road in Romeoville, Illinois. Consideration shall be an initial annual fee of $5,340.00.
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 easement agreement after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:JJZ:npe
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 December 19, 2019
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