TRANSMITTAL LETTER FOR BOARD MEETING OF JANUARY 22, 2026
COMMITTEE ON PROCUREMENT
Mr. John P. Murray, Executive Director
Title
Authority to advertise Contract 26-360-11 for public tender of bids for a 14-year lease on approximately 2.5 acres of District real estate located at 15680 Canal Bank Road in Lemont, Illinois, known as Main Channel Parcel 23.10. The minimum initial annual rental bid shall be established at $75,000.00
Body
Dear Sir:
On July 17, 2025, the Board of Commissioners authorized the commencement of statutory procedures to lease District real estate located at 15680 Canal Bank Road in Lemont, Illinois. DCC Propane (f/k/a Hicksgas) currently leases the site for the operation of a retail propane distribution business, including bulk storage. DCC Propane and its predecessors have been occupying the site since 1984, with the current lease expiring May 31, 2026.
The lead applicant, DCC Propane, intends to use the site for the same purposes. The Village of Lemont supports this proposed use of the site. Pursuant to statute, the lead applicant submitted two appraisals and the Law Department obtained a third appraisal. The results were as follows:
Appraiser Value
Appraisal Associates $750,000.00
William J. Enright, MAI
(District’s Appraiser)
Standard Valuation Services $270,000.00
Salvatore A. Louise, MAI, ASA
LaSalle Appraisal $190,000.00
Joseph M. Ryan, MAI
It is recommended that the subject real estate’s fair market value be based upon the highest of the three appraisals and established at $750,000.00, and that the minimum initial annual rental bid be established at 10% of the property’s fair market value, which is $75,000.00.
It is further requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the following orders:
1. The real estate, which comprises 2.5± acres located at 15680 Canal Bank Road, Lemont, Illinois, known as Main Channel Parcel 23.10, is not currently needed for the District’s corporate purposes and is available for lease.
2. The fair market value of the subject real estate is established at $750,000.00, and the minimum initial annual rent be established at 10% thereof, which is $75,000.00.
3. The Director of Procurement and Materials Management is authorized to advertise the subject real estate as available for lease for a 14-year term at the minimum initial annual rental bid of $75,000.00 and report the results of the bidding to the Board of Commissioners for further action.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize the Director of Procurement and Materials Management to advertise Contract 26-360-11 for public tender of bids for a 14-year lease on approximately 2.5 acres of District real estate located at 15680 Canal Bank Road in Lemont, Illinois, known as Main Channel Parcel 23.10. The minimum initial annual rental bid shall be established at $75,000.00.
Requested, Susan T. Morakalis, General Counsel, STM:BJD:MSZ:vp
Recommended, Darlene A. LoCascio, Director of Procurement and Materials Management
Respectfully Submitted, Precious Brady-Davis, Chairperson, Committee on Procurement
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for January 22, 2026
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