TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 21, 2023
COMMITTEE ON REAL ESTATE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to grant a 25-year, 569,904 sq. ft. non-exclusive easement to Commonwealth Edison Company to continue to operate, maintain, and remove an electrical transmission line upon, over, and across District land located along the southerly bank of the Main Channel between Pulaski Road and Cicero Avenue in the City of Chicago, Illinois; Main Channel Parcels 39.13, 40.01, 40.04, 40.05 and 40.06. Consideration shall be an initial annual fee of $143,000.00
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Dear Sir:
Commonwealth Edison Company (“ComEd”) has a 50-year, 569,904 sq. ft. non-exclusive easement to construct, operate, maintain, and remove an electrical transmission line, together with towers, poles, and appurtenances thereto, upon, over, and across District land located along the southerly bank of the Main Channel between Pulaski Road and Cicero Avenue in the City of Chicago, Illinois. The transmission line includes three crossings over the Main Channel and portions of Main Channel Parcels 39.13, 40.01, 40.04, 40.05 and 40.06. The lines connect to ComEd’s power station and facilities located north of the District’s property. The easement expires May 31, 2024.
ComEd has requested a new 25-year easement to continue to operate and maintain its transmission line. The District’s technical departments have reviewed ComEd’s request and have no objections thereto. An initial annual easement fee of $143,000.00 is recommended, which represents 10% of the site’s appraised fair market value.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize the grant of a 25-year, 569,904 sq. ft. non-exclusive easement to Commonwealth Edison Company to continue to operate, maintain, and remove an electrical transmission line upon, over, and across District land located along the southerly bank of the Main Channel between Pulaski Road and Cicero Avenue in the City of Chicago, Illinois; Main Channel Parcels 39.13, 40.01, 40.04, 40.05 and 40.06. Consideration shall be an initial annual fee of $143,000.00.
It is also requested that the Executive Director recommend to the Board of Commissioners that the Chairman of the Committee on Finance and the Clerk be authorized and directed 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:MM: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 September 21, 2023
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