TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 17, 2025
COMMITTEE ON REAL ESTATE
Mr. John P. Murray, Acting Executive Director
Title
Authority to issue a 9-month permit extension to Petroleum Fuel and Terminal Company to continue to stage, launch boats, park vehicles, and store equipment on 5.5± acres of District real estate located at 7800 Canal Bank Road in Summit, Illinois, known as Main Channel Parcels 34.03 and 35.06. Consideration shall be a monthly permit fee of $12,500.00
Body
Dear Sir:
On June 5, 2025, the Board of Commissioners ratified the Acting Executive Director’s May 16, 2025 Issuance of a permit to Petroleum Fuel and Terminal Company (“PF&T”) to use District real estate located in Summit, Illinois, known as Main Channel (“MC”) Parcels 34.03 and 35.06, to stage, launch boats, park vehicles, and store equipment to remediate a spill of asphalt into the Chicago Sanitary and Ship Canal. MC Parcel 34.03 is vacant and contains a boat dock. MC Parcel 35.06 is currently vacant. The permit is set to expire August 15, 2025. The current permit fee is $45,000.00.
PF&T has requested a 9-month permit extension to continue its spill response work. PF&T uses only 5.5± acres across both parcels for its staging activities, so a monthly fee of $12,500.00 is recommended. This fee represents the pro-rata share of 10% of the fair market value of nearby comparable sites.
Accordingly, it is requested that the Board of Commissioners authorize the issuance of a 9-month permit extension to Petroleum Fuel and Terminal Company to continue to stage, launch boats, park vehicles, and store equipment on 5.5± acres of District real estate located at 7800 Canal Bank Road in Summit, Illinois, known as Main Channel Parcels 34.03 and 35.06. Consideration shall be a monthly permit fee of $12,500.00.
It is further requested that the Acting Executive Director recommend to the Board of Commissioners that it authorize and direct the Chairman of the Committee of Finance and the Clerk to execute the permit extension agreement after it is approved by the General Counsel as to form and legality.
Requested, Susan T. Morakalis, General Counsel, STM:BJD:JAW:vp
Recommended, John P. Murray, Acting Executive Director
Disposition of this agenda item will be documented in the official Regular board Meeting Minutes of the Board of Commissioners for July 17, 2025
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