TITLE
AUTHORITY TO ACCEPT AT MINIMUM 0.071 ACRES OF PROPERTY FROM THE CHICAGO TRANSIT AUTHORITY AND AMEND AN INTERGOVERNMENTAL AGREEMENT TO TRANSFER APPROXIMATELY 0.071 ACRES OF WENDELL SMITH PARK (272) TO THE CHICAGO TRANSIT AUTHORITY FOR THE CTA RED LINE EXTENSION PROJECT
BODY
To: The Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
It is recommended that the Board of Commissioners of the Chicago Park District adopt an ordinance authorizing the acceptance of at minimum 0.071-acres of property for parks from the Chicago Transit Authority and to adopt a resolution authorizing the transfer of a 0.071 acre portion of Wendell Smith Park (272) to the Chicago Transit Authority. It is further recommended that the Board authorize the General Superintendent, or designee, to negotiate, enter into, and execute such agreements, amendments, indemnities, and instruments and perform any and all acts as shall be necessary or advisable in connection with the transaction described herein.
II. Agreement Information
Grantor: Chicago Transit Authority
567 West Lake Street
Chicago, IL 60661
Transfer Type: Land Exchange
Granting Instrument: Deed
Agreements: Intergovernmental agreement, and, if applicable, temporary right of entry, easements, restrictive covenants, and any other agreements or instruments necessary to comply with any restrictions of record for a portion or the entirety of the Property intended for the exchange between the Chicago Park District and the Chicago Transit Authority.
Authorization: Authorize the General Superintendent to negotiate, enter into, and execute such agreements, amendments to agreements, indemnities, and instruments and perform any and all acts as shall be necessary or advisable in connection with the transactions described herein, including compliance with existing easements, if any, filing of street and alley vacation or dedication applications, plats of dedication, and other applicable requiremen...
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