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PROPOSED MISCELLANEOUS ITEM OF BUSINESS
Department: Department of Real Estate Management
Summary: The Department of Real Estate Management respectfully requests approval of a land sale and a temporary construction easement between the County of Cook, as (Grantor), and the Illinois Department of Transportation (IDOT), as (Grantee). The land sale and construction easement will permit IDOT to acquire and utilize the defined land area for construction and other highway-related purposes (e.g., vehicle and equipment storage), while undertaking improvements on the Eisenhower Expressway, east of First Avenue.
The land sale and easement are pursuant to the provisions of 735 ILCS 30/10-5-15. Details are:
Grantor: County of Cook
Grantee: Illinois Department of Transportation
Land Area: 0.543 acres
Easement Area: 0.055 acres
Easement Term: Five (5) years from document execution or the completion of the project.
Fiscal Impact: Revenue Generating - $282,400.00 (Sale price)
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