Title
AUTHORITY TO ACCEPT THE TRANSFER OF PROPERTY LOCATED AT 93rd STREET AND VANDERPOEL AVENUE FROM THE CHICAGO PUBLIC SCHOOLS FOR A NEW PARK
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 property located at 93rd Street and Vanderpoel Avenue from the Chicago Public Schools. 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: Chicago Public Schools
42 W. Madison
Chicago, IL 60602
Public Building Commission
50 W. Washington St.
Chicago, IL 60602
Transfer Type: Intergovernmental Property Transfer in accordance with 50ILCS 605/2(a) of the Local Government Property Transfer Act.
Granting Instrument: Quitclaim Deed from the City of Chicago in Trust for use of Schools and/or the Public Building Commission transferring ownership to the Chicago Park District
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, if any, filing of street and alley v...
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