Title
AUTHORITY TO ENTER INTO A LEASE WITH THE METROPOLITAN WATER RECLAMATION DISTRICT FOR A NEW PARK LOCATED AT 12420 S. TORRENCE AVENUE
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 a lease with the Metropolitan Water Reclamation District (MWRD) for a new park located t 12420 S. Torrence. 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: Metropolitan Water Reclamation District
100 E. Erie Street
Chicago, IL 60611
Granting Instrument: Lease
Lease Term: 39 Years
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 vacation or dedication applications, plats of dedication, and other applicable requirements. Authorize the General Counsel to include other relevant terms and conditions in the written agreements, amendments and transfer instruments. Authorize the Secretary to attest as to the signing of the Agreements and transfer ins...
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