Chicago Park District - File #: 23-1115-1011

• File #: 23-1115-1011
• Name: Authorization for land transfer with Chicago Transit Authority
• Type: Action Item
• Status: Passed
• File created: 9/15/2023
• In control: Board of Commissioners
• On agenda: 10/11/2023
• Final action: 10/11/2023
• Title: AUTHORITY TO ACCEPT AT MINIMUM 4.106 ACRES OF PROPERTY FROM THE CHICAGO TRANSIT AUTHORITY AND ENTER INTO AN INTERGOVERNMENTAL AGREEMENT TO TRANSFER APPROXIMATELY 4.106 ACRES OF FERNWOOD PARKWAY PARK (1215) TO THE CHICAGO TRANSIT AUTHORITY FOR THE CTA RED LINE EXTENSION PROJECT
• Sponsors: Planning and Construction
• Indexes: Land Transfer

Date	Ver.	Action By	Action	Result
10/11/2023	1	Board of Commissioners	adopted	Pass

Title

AUTHORITY TO ACCEPT AT MINIMUM 4.106 ACRES OF PROPERTY FROM THE CHICAGO TRANSIT AUTHORITY AND ENTER INTO AN INTERGOVERNMENTAL AGREEMENT TO TRANSFER APPROXIMATELY 4.106 ACRES OF FERNWOOD PARKWAY PARK (1215) 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 at minimum 4.106-acres of property for parks from the Chicago Transit Authority and to adopt a resolution authorizing the transfer of a 4.106 acre portion of Fernwood Parkway Park (1215) 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.

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...