TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 7, 2023
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
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Authority to amend Lease Agreement dated June 1, 1996, with the Village of Worth on approximately 214.1 acres of District real estate located north of the Cal-Sag Channel, east and west of Harlem Avenue in Worth, Illinois, known as Cal-Sag Channel Parcels 8.06 and 9.03, to allow the Village to host public community events on the premises. Consideration shall be a nominal fee of $10.00
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Dear Sir:
The Village of Worth (“Worth”) leases Cal-Sag Channel Parcels 8.06 and 9.03 for the purpose of operating an eighteen-hole golf course known as Water’s Edge Golf Club, which includes the course, a clubhouse, parking lot, and driving range. The premises also includes baseball fields, a boat launch, and other public recreational facilities. The lease commenced June 1, 1996, and expires May 31, 2058. Worth currently pays $5,000.00 in annual rent, plus an additional twenty-five percent (25%) of the annual net revenues generated by Worth’s operations on the leasehold.
Worth has requested to amend its lease to allow the Village to host public community events on the premises. For example, Worth plans to work with the Worth Lions Club for its annual Christmas tree sale fundraiser. Other similar public community events authorized by the Village may include festivals or functions such as Cruise Nights, where participants display their cars for the public to observe.
The District’s technical departments have reviewed this lease amendment request and have no objections thereto.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize an amendment to the Lease Agreement dated June 1, 1996, with the Village of Worth on approximately 214.1 acres of District real estate located north of the Cal-Sag Channel, east and west of Harlem Avenue in Worth, Illinois, known as Cal-Sag Channel Parcels 8.06 and 9.03, to allow the Village to host public community events on the premises. Consideration shall be a nominal fee of $10.00.
It is also requested that the Executive Director recommend to the Board of Commissioners that it authorize and direct the Chairman of the Committee on Finance and the Clerk to execute said Amendment to Lease Agreement after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:BJD:KHY: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 September 7, 2023
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