TRANSMITTAL LETTER FOR BOARD MEETING OF APRIL 5, 2012
COMMITTEE ON REAL ESTATE
David St. Pierre, Executive Director
Title
Authority to amend board order of March 15, 2012, authorizing the commencement of statutory procedures to lease approximately 9.58 acres of District real estate located along 41st Street, south of the Main Channel in Stickney and known as Main Channel Parcel 39.04 to include Main Channel Parcel 39.05 comprising of 3.50 acres for a total of 13.08 acres (As Revised)
Body
Dear Sir:
On March 15, 2012, the Board of Commissioners authorized the commencement of statutory procedures to lease for a 39-year term approximately 9.58 acres of real estate located along 41st Street, south of the Main Channel in Stickney, Illinois, and known as Main Channel Parcel 39.04. The request to lease was by CDA Transportation Corporation ("CDA") and the intended use is to operate a trucking and transportation company.
CDA has amended its request to include adjacent land known as Main Channel Parcel 39.05 comprising 3.50 acres. The District's technical departments have reviewed the lease request for this parcel of land and have no objections thereto.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the amendment of the March 15, 2012 Board Order directing the General Counsel to commence statutory procedures to lease approximately 9.58 acres of District real estate located along 41st Street, south of the Main Channel in Stickney and known as Main Channel Parcel 39.04 to include Main Channel Parcel 39.05 comprising of 3.50 acres for a total of 13.08 acres.
Requested, Ronald M. Hill, General Counsel, RMH:STM:rg
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, Terrence J. O'Brien, 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 April 5, 2012
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