Title
AUTHORITY TO ENTER INTO AN INTERGOVERMENTAL LEASE AGREEMENT AND ACCEPTANCE OF LAND FROM THE CITY OF CHICAGO FOR PETERSON PARK AND NORTH PARK VILLAGE NATURE CENTER 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 lease and acceptance of land for Peterson Park (452) and North Park Village Nature Center Park (533) with the possible expansion of this site and a leasehold for the buildings associated with these parks from the City of Chicago. 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
Chicago, IL 60602
Transfer Type: Intergovernmental Property Transfer in accordance with 50ILCS 605/2(a) of the Local Government Property Transfer Act.
Granting Instruments: Intergovernmental Agreement, Lease and/or Quit Claim Deed from the City of Chicago transferring leasehold and/or ownership of the land and leasehold rights to the buildings associated with the land 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 necessar...
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