TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 16, 2016
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to purchase 3.111 acres of real estate and acquire a four (4) year 0.180 acre temporary access easement from Calvary Temple Assembly of God located at 18620 Governor’s Highway in Flossmoor, Illinois for the Cherry Creek Flood Control Project and authority for payment to Calvary Temple Assembly of God in an amount not to exceed $173,500.00 plus closing and title costs. Account No. 401-50000-656010
Body
Dear Sir:
On July 12, 2012, the District adopted Ordinance No. R12-007 establishing the right-of-way for the construction, operation and maintenance of the Cherry Creek East Branch Flood Control Project (“Project”) in Flossmoor and Homewood, Illinois. On June 6, 2013, the District adopted Ordinance R13-004 amending Ordinance R12-007 to add additional parcels of property required for the Project. Included within the right-of-way was land owned by the Calvary Temple Assembly of God (“Calvary”) located in Flossmoor, Illinois. The Ordinance authorized the immediate acquisition of the right-of-way necessary for construction of the Project.
Calvary owns a total of 7.556 acres of land. The District needs to purchase 3.111 acres of real estate and acquire 0.180 acres for a four (4) year temporary access easement from Calvary for the Project.
The following appraisals were obtained by the District and Calvary:
Appraiser Value
Cohen Reznick L.L.P.
Patricia L. McGarr, MAI $140,000.00
(District’s Appraiser)
Associated Property Counselors, Ltd.
Dale J. Kleszynski, MAI $207,000.00
Following the receipt of the appraisals, the District and Calvary engaged in negotiations and subsequently agreed upon a value of $173,500.00 subject to Board approval. It is the opinion of the General Counsel that this amount be accepted to avoid the expenses of condemning the property, which would include legal, expert witnesses and appraisal fees.
Accordingly, it is requested that the Executive Director recommend to the Board of Commissioners that it adopt the following orders:
1. That the subject real estate and the four (4) year temporary access easement be purchased by the District for the amount of $173,500.00 plus closing and title costs.
2. That the Chairman of the Committee on Finance and the Clerk be authorized and directed to execute the real estate sales contract, the temporary access easement and any other documents effecting the aforesaid purchase after it is approved by the General Counsel as to form and legality.
3. That the General Counsel be authorized and directed to execute and deliver all other documents and take such actions as may be necessary to effectuate said purchase and to obtain possession of said property.
Requested, Ronald M. Hill, General Counsel, RMH:STM:MLD:TN: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 June 16, 2016
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