TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 15, 2020
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to consent to the vacation of a certain portion of Laflin Street near Main Channel Parcels 44.01 and 44.02 in Chicago, Illinois
Body
Dear Sir:
The District’s Main Channel Parcels (MCP) 44.01 and 44.02 are located along the South Branch of the Chicago River at the south end of Laflin Street in Chicago, Illinois. MCP 44.01 is leased to Reliable Materials, Inc. under a lease agreement that commenced January 1, 2016, and expires December 31, 2055. MCP 44.02 is vacant property designated for corporate use.
The properties immediately to the north of MCP 44.01 and 44.02 are owned by Laflin Point LLC. Laflin Point LLC has filed an application with the Chicago Department of Transportation (CDOT) to vacate a certain portion of Laflin Street between the District’s property and Cermak Road. If the vacation is approved, this section of Laflin Street will become a private roadway. Laflin Point LLC is proposing this vacation because it owns the property on both sides of Laflin Street in this area and would like to prevent illegal dumping. To help prevent such dumping, Laflin Point LLC plans to install a new fence and gate along Laflin Street.
In order for CDOT to approve the vacation application, Laflin Point LLC must obtain the District’s consent because Laflin Street is used by the District and its tenant to access MCP 44.01 and 44.02 from Cermak Road. As a condition of the District’s consent to the vacation, Laflin Point LLC has agreed to grant a permanent easement that will allow the District and its tenants unrestricted access to said parcels through the new gate. The easement will be for a nominal fee. The technical departments have reviewed this request and have no objections thereto. Accordingly, this Board letter is also seeking authority to enter into a permanent easement with Laflin Point LLC.
It is requested that the Board of Commissioners authorize the Executive Director to consent to the vacation of a certain portion of Laflin Street near Main Channel Parcels 44.01 and 44.02 in Chicago, Illinois, as set forth herein.
It is further requested that the Executive Director recommend to the Board of Commissioners that it authorize and direct the Chairman of the Committee of Finance and the Clerk to execute the easement grant with Laflin Point LLC after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:EMA:BJD
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 October 15, 2020
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