Title
AUTHORITY TO ACCEPT APPROXIMATELY 8 ACRES OF PROPERTY WITHIN JACKSON (ANDREW) PARK FROM THE CITY OF CHICAGO AND TO TRANSFER APPROXIMATELY 6 ACRES OF PARK DISITRICT PROPERTY LOCATED WITHIN JACKSON (ANDREW) PARK TO THE CITY OF CHICAGO
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 8 acres of property for park land from the City of Chicago within Andrew Jackson Park and also adopt a resolution authorizing the transfer of approximately 6 acres of Park District property to the City of Chicago for right of way improvements. 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(s)/Grantee(s): City of Chicago Chicago Park District
121 N. LaSalle Street 541 N. Fairbanks Ct.
Chicago, IL 60602 Chicago, IL 60611
Transfer Type: Intergovernmental Property Transfer in accordance with 50ILCS 605/2(a) of the Local Government Property Transfer Act.
Granting Instrument: Quit Claim Deed and/or Plat of Vacation from the City of Chicago transferring ownership to the Chicago Park District and a Quit Claim Deed from the Chicago Park District transferring ownership to the City of Chicago.
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, en...
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