TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 6, 2013
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to commence statutory procedures to lease approximately 0.57 acres of District real estate located at 2600 S. Laflin Street in Chicago, at the confluence of the South Branch of the Chicago River and Stetson Canal, and known as Lot 220
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Dear Sir:
Reliable Asphalt Corporation ("Reliable") has requested a 39-year lease on approximately 0.57 acres of District real estate located at 2600 S. Laflin Street in Chicago, at the confluence of the South Branch of the Chicago River and Stetson Canal, and known as Lot 220. The proposed use is for the storage of aggregates and construction materials. Attached is an aerial photograph depicting the subject site.
Only the eastern portion of the property (Lot 220) shall be made available for lease due to the existence of the District's multiple TARP facilities on the western portion of the subject property (Lot 221).
The District's technical departments have no objections to making this site available for lease for 39-years.
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 approximately 0.57 acres of District real estate located at 2600 S. Laflin Street in Chicago, at the confluence of the South Branch of the Chicago River and Stetson Canal, and known as Lot 220.
Requested, Ronald M. Hill, General Counsel, RMH:STM:MM:rg
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, Mariyana T. Spyropoulos, Chairman Committee on Real Estate Development
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for June 6, 2013
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