TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 1, 2016
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to grant a 25-year, 100’ x 21,817.44’ non-exclusive easement to Ameren Services Company d/b/a Ameren Illinois to construct, reconstruct, operate, maintain, repair, replace, and remove 138 kv electrical transmission lines, structures and appurtenances related thereto on District real estate located between the Village of St. David and the Village of Bryant in Fulton County, Illinois. Consideration shall be an initial annual fee of $16,300.00
Body
Dear Sir:
Ameren Services Company d/b/a Ameren Illinois (“Ameren”) has requested a 25-year, 100’ x 21,817.44’ non-exclusive easement to construct, reconstruct, operate, maintain, repair, replace and remove 138 kv electrical transmission lines, structures and appurtenances related thereto located between the Village of St. David and the Village of Bryant in Fulton County, Illinois.
The District’s technical departments have reviewed Ameren’s request for a 25-year easement and have no objections thereto.
Ameren submitted appraisals of the site as follows:
Appraiser Land Value
Lochmueller Group $159,500.00
(Lance D. Lunte)
Volkert, Inc. $163,000.00
(Ronald C. Auld)
It is recommended that the subject property’s fair market value be based on the highest of the two appraised values and established at $163,000.00, and that the initial annual rent be established at 10% of the property’s fair market value or $16,300.00.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize the grant of a 25-year, 100’ x 21,817.44’ non-exclusive easement to Ameren Services Company d/b/a Ameren Illinois to construct, reconstruct, operate, maintain, repair, replace and remove 138 kv electrical transmission lines, structures and appurtenances related thereto on District real estate located between the Village of St. David and the Village of Bryant in Fulton County, Illinois. Consideration shall be an initial annual fee of $16,300.00.
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 easement 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 September 1, 2016
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