TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 13, 2023
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
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Authority to grant Comcast of Chicago, Inc. a 25-year, approximately 2,912± sq. ft. non-exclusive easement to continue to operate an underground vault and cable lines on District real estate located east of the North Shore Channel and south of Devon Avenue in Chicago, Illinois; North Shore Channel Parcels 8.04 and 8.07. Consideration shall be an initial annual fee of $14,960.00
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Dear Sir:
Since January 1, 1999, Communications & Cable of Chicago, Inc., n/k/a Comcast of Chicago, Inc. (“Comcast”), has operated and maintained an underground vault and cable lines on North Shore Channel (“NSC”) Parcels 8.04 and 8.07. The current easement expires December 31, 2023, and the current annual easement fee is $14,006.47.
Comcast has requested a new 25-year easement to continue to operate and maintain its underground vault and cable lines. NSC Parcel 8.04 is leased to the Kedvon Home Owners Association and NSC Parcel 8.07 is leased to the Chicago Park District. The easement is subject to the Kedvon Home Owners Association’s written consent. The Chicago Park District lease allows for public utility easements within the leasehold.
The District’s technical departments have reviewed this request and have no objections thereto. Consideration shall be an initial annual fee of $14,960.00, which represents the fair market value.
It is requested that the Executive Director recommend to the Board of Commissioners that it grant Comcast of Chicago, Inc. a 25-year, approximately 2,912± sq. ft. non-exclusive easement to continue to operate an underground vault and cable lines on District real estate located east of the North Shore Channel and south of Devon Avenue in Chicago, Illinois; North Shore Channel Parcels 8.04 and 8.07. Consideration shall be an initial annual fee of $14,960.00.
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 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 July 13, 2023
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