TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 15, 2021
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to commence statutory procedures to lease 9.3+ acres of District real estate located south of the Main Channel and west of Central Avenue in Forest View, Illinois; Main Channel Parcel 38.13
Body
Dear Sir:
Lakeshore Recycling Systems, LLC (“Lakeshore”) has requested to lease 9.3+ acres of District real estate located south of the Main Channel and west of Central Avenue in Forest View, Illinois and known as Main Channel Parcel 38.13. The site is currently vacant. If it is the successful bidder, Lakeshore intends to use the parcel for operation of a recycling facility, storage yard, transfer station, barge terminal and other related uses. The standard lease term is thirty-nine (39) years.
The District’s technical departments have reviewed this lease request and have indicated that the subject site is not currently needed for corporate use and that they have no technical objections thereto.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and direct the General Counsel to commence statutory procedures to lease 9.3+ acres of District real estate located south of the Main Channel and west of Central Avenue in Forest View, Illinois; Main Channel Parcel 38.13 upon the terms and conditions set forth herein.
Requested, Susan T. Morakalis, General Counsel, STM:MTC:CMM: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 15, 2021
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