Title
AUTHORITY TO ACCEPT THE TRANSFER OF PROPERTY LOCATED AT
300 E. 11TH STREET FROM THE CITY OF CHICAGO FOR THE EXPANSION OF GRANT (ULYSSES) PARK (24)
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 approximately 1.9 acres of property from the City of Chicago commonly referred to as 300 E. 11th Street for the expansion of Grant (Ulysses) Park (24). It is further recommended that the Board authorize the General Superintendent, or his 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: City of Chicago
121 N. LaSalle Street
Chicago IL 60602
Transfer Type: Intergovernmental Property Transfer in accordance with 50ILCS 605/2(a) of the Local Government Property Transfer Act.
Granting Instrument: Quit Claim Deed from the City of Chicago transferring ownership to the Chicago Park District or lease from the City of Chicago and Intergovernmental Agreements.
Agreements: Intergovernmental agreements, amendments to intergovernmental agreements 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 and the transfer of funds for development.
Authorization: Authorize the General Superintendent to negotiate, enter into, and execute such intergovernmental agreements, amendments to intergovernmental 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,...
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