TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 7, 2023
COMMITTEE ON STORMWATER MANAGEMENT
Mr. Brian A. Perkovich, Executive Director
Title
Authority to enter into an Intergovernmental Agreement with and make payment to the City of Northlake for the Acquisition of Flood-Prone Properties in Northlake Phase IV (23-IGA-26), in an amount not to exceed $550,000.00
Body
Dear Sir:
Authorization is requested to enter into an Intergovernmental Agreement (IGA) with and make payment to the City of Northlake (City) for the Acquisition of Flood-Prone Properties in Northlake Phase IV (23-IGA-26), in an amount not to exceed $550,000.00.
Per the policy on the selection and prioritization of projects for acquiring flood-prone properties adopted by the Board of Commissioners on August 7, 2014, the District solicited proposals between September 2022 and January 2023 from municipalities, townships, and other governmental agencies for District assistance. From this solicitation, the City of Northlake’s application was one of three projects identified that met the requirements of the District’s policy.
The flood-prone properties identified by the City in its application were recommended by the District for acquisition, and on March 2, 2023, the Board of Commissioners granted authority to negotiate an IGA with the City of Northlake.
The City and the District have agreed in principle to the terms of the IGA, which include payment by the District towards the acquisition of two flood-prone properties depicted in the attached exhibit, in an amount not to exceed $550,000.00. The terms of the IGA also require the City to obtain appraisals, prepare offers, perform closings, deconstruct all purchased structures, restore property to open space, and ensure long term maintenance of the property. The City anticipates acquiring both properties in 2023.
Based on the foregoing, it is requested that the Board of Commissioners grant authority for the District to enter into an IGA with and make payment to the City in an amount not to exceed $550,000.00. It is further requested that the Chairman of the Committee on Finance, Executive Director and Clerk be authorized to execute said IGA on behalf of the District, as well as any documents necessary to effectuate the transaction and conveyance, upon approval by the Director of Engineering as to technical matters and by the General Counsel as to form and legality.
Funds are available in Account 501-50000-612400.
Requested, Catherine A. O’Connor, Director of Engineering, KMF:JK
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 7, 2023
Attachment