TRANSMITTAL LETTER FOR BOARD MEETING OF MARCH 7, 2024
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to issue a one-year permit extension to Peoples Gas Light and Coke Company to continue to use a 0.165± acre portion of Main Channel Parcel 42.17 located near 31st Street and Western Avenue in Chicago, Illinois as a construction staging area and to dewater its utility tunnel. Consideration shall be a fee of $5,000.00
Body
Dear Sir:
Peoples Gas Light and Coke Company (“Peoples Gas”) operates and maintains a utility tunnel beneath a portion of Main Channel (“MC”) Parcel 42.17 in Chicago, Illinois, under a permanent, non-exclusive easement that commenced in 1962.
On April 4, 2019, the Board of Commissioners authorized the issuance of a permit (“Permit”) to Peoples Gas on a 0.165± acre portion of MC Parcel 42.17 located near 31st Street and Western Avenue in Chicago, Illinois as a construction staging area and to dewater its utility tunnel. The Permit, as extended, expires April 30, 2024. The annual permit fee is $5,000.00. Peoples Gas requests a one-year extension of the Permit to complete its repair work and continue dewatering the utility tunnel.
MC Parcel 42.17 is leased to the Chicago Park District until 2041. The Chicago Park District previously consented to the Permit and its consent will also be required for this extension.
The District’s technical departments have reviewed this 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 one-year permit extension to Peoples Gas Light and Coke Company to continue to use a 0.165± acre portion of Main Channel Parcel 42.17 located near 31st Street and Western Avenue in Chicago, Illinois as a construction staging area and to dewater its utility tunnel. Consideration shall be a 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 extension agreement after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:BJD:JAW: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 March 7, 2024
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