Title
AUTHORITY TO ACCEPT APPROXIMATELY .09 ACRE (3,921 SQ. FT) OF PROPERTY ADJACENT TO PING TOM PARK FROM THE CITY OF CHICAGO AND TO TRANSFER APPROXIMATELY .012 ACRE (526 SQ. FT.) LOCATED WITHIN PING TOM 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 right of way property, located adjacent to Ping Tom Park and Wentworth Avenue from the City of Chicago and adopt a resolution authorizing the transfer of a portion of the property located within Ping Tom Park near 16th Street for right of way property development purposes. 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: Land Exchange
Granting Instrument: Deed and/or Plat of Vacation and Plat of Dedication
Agreements: Purchase agreement, 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.
Authorization: Authorize the General Superintendent to negotiate, enter into, and execute such agreements, amendments to 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 i...
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