TRANSMITTAL LETTER FOR BOARD MEETING OF JANUARY 5, 2017
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to amend Easement Agreement dated January 5, 2012, between the District and Commonwealth Edison Company on 20.50 acres of District real estate located south of 135th Street in Romeoville, Will County, Illinois; Main Channel Parcel 18.03, to allow for the installation, maintenance, operation and removal of underground electrical transmission lines. Consideration shall be a document preparation fee of $5,000.00
Body
Dear Sir:
At its meeting of January 5, 2012, the Board of Commissioners authorized the grant of a 25-year easement to Commonwealth Edison Company ("ComEd") on 20.50 acres of District real estate located south of 135th Street in Romeoville, Will County, Illinois, and known as Main Channel Parcel 18.03 to construct, reconstruct, operate, maintain, repair and remove an electrical substation and overhead electrical transmission lines (“Easement"). The Easement expires in 2036. The current annual Easement fee is $69,849.30.
ComEd has requested an amendment to the Easement to allow it to install, maintain, operate and remove underground electrical transmission lines. Because the Easement only allows for the installation of overhead electrical transmission lines, an amendment is necessary to allow for the installation of underground lines.
The technical departments have reviewed ComEd's request to install underground transmission lines and have no objections thereto.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve an amendment of the Easement Agreement dated January 5, 2012, between the District and Commonwealth Edison Company on 20.50 acres of District real estate located south of 135th Street in Romeoville, Will County, Illinois; Main Channel Parcel 18.03, to allow for the installation, maintenance, operation and removal of underground electrical transmission lines. Consideration shall be a document preparation fee of $5,000.00.
It is further 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 Easement Amendment Agreement on behalf of the District after it is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:MM:vp
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 January 5, 2017
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