TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 1, 2020
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to issue a five (5) year permit extension to The 670 Parking Condominium Association to continue to maintain a gutter system between the District’s Main Office Building and the Ritz-Carlton Residences at 625 North Michigan Avenue in Chicago, Illinois. Consideration shall be a nominal fee of $10.00
Body
Dear Sir:
On November 5, 2015 the Board granted the 670 Parking Condominium Association (“670 Parking”) a five (5) year permit to install and maintain a gutter system between the District’s Main Office Building (“MOB”) and the Ritz Carlton Residences (“Ritz”) located at 625 North Michigan Avenue in Chicago, Illinois. The permit expires on November 5, 2020.
670 Parking owns the indoor parking facility that serves and is a part of the Ritz located immediately east of the MOB. The Ritz is a 40-story building. The Ritz and MOB are separated by only one or two feet near the northeast corner of MOB. The gutter system prevents stormwater trickling down the Ritz from collecting in this narrow gap and causing wear and tear to the sides and foundations of both buildings. The gutter also prevents debris from accumulating in this gap over time. The captured stormwater drains through the Ritz’s drainage system.
670 Parking has requested a five (5) year permit extension to continue maintaining the gutter system between the Ritz and the MOB. All maintenance and costs for the gutter system are borne exclusively by 670 Parking.
The District’s technical departments have no objections to the request for a five (5) year permit extension. Since the system will equally benefit the District, a nominal fee of $10.00 for the permit is recommended.
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 670 Parking Condominium Association to continue to maintain a gutter system between the District’s Main Office Building and the Ritz-Carlton Residences at 625 North Michigan Avenue in Chicago, Illinois. Consideration shall be a nominal fee of $10.00.
It is further 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 after same is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, Eileen McElligott, Administrative Services Officer STM:EM:EMA:vp
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for October 1, 2020
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