Title
AUTHORITY FOR THE ADOPTION OF A RESOLUTION TO TRANSFER PROPERTY WITHIN DURKIN (MARTIN) PARK (PARK#268) AND ENTER INTO A LONG-TERM LEASE AND INTERGOVERNMENTAL AGREEMENT WITH THE CITY OF CHICAGO FOR THE CONSTRUCTION OF AN UNDERGROUND WATER PUMPING FACILITY AND NEW PARK IMPROVEMENTS
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 and a resolution to authorize the General Superintendent, or his designee, to take all action necessary to enter into agreements with the City of Chicago to transfer ownership of approximately two (2) acres of Durkin Park to the City of Chicago for the construction of an underground water reservoir facility to serve Joliet, IL with Lake Michigan Water Supply, in conjunction with the adjacent Southwest Pumping Station. Upon completion of the underground work, the surface of the property will be restored to its original condition and will be re-opened for public use.
III. Agreement Information
Grantors/Grantees: Chicago Park District
541 N. Fairbanks Ct.
Chicago, Illinois 60611
City of Chicago
121 North LaSalle Street
Chicago, Illinois 60602
Transfer: Intergovernmental Property Transfer in accordance with the Local Government Property Transfer Act, 50 ILCS 605/0.01 et seq.
Granting Instruments: Quit-Claim deed transferring any and all interest that the parties have in the respective parcel and a long-term lease agreement.
Authorization: Authorize the General Counsel to include other relevant terms and conditions in the written agreements and transfer instruments. Authorize the General Superintendent to execute the agreements and transfer instruments. Authorize the...
Click here for full text