REPORT OF THE COMMITTEE ON REAL ESTATE & BUSINESS & ECONOMIC DEVELOPMENT

November 6, 2007

The Honorable,

The Board of Commissioners of Cook County

ATTENDANCE

Present:

Chairman Goslin, Vice Chairman Beavers, Commissioners Butler, Gorman, Maldonado, Moreno, Peraica and Schneider (8)

Absent:

Commissioner Steele (1)

Also Present:

Raymond Muldoon – Director of Real Estate Management Division

Ladies and Gentlemen:

Your Committee on Real Estate and Business and Economic Development of the Board of Commissioners of Cook County met pursuant to notice on Tuesday, November 6, 2007 at the hour of 9:45 AM in the Board Room, Room 569, County Building, 118 North Clark Street, Chicago, Illinois.

Your Committee has considered the following item and upon adoption of this report, the recommendation is as follows:

289294

REAL ESTATE MANAGEMENT DIVISION, by Raymond Muldoon, Director, transmitting a Communication, dated August 30, 2007: requesting authorization to have certain property declared as “excess” by the Board of Commissioners of Cook County, to conduct an appraisal of the property and to negotiate with the Illinois Medical District Commission (the “Commission”) for the sale of the property by Quit Claim Deed. The interest of the Commission in this land is for the ability to construct an addition to their building located at 600 S. Hoyne in Chicago. Upon completion of appraisals and negotiation of terms of sale, this transaction will be presented to this Board for approval in accordance with the Local Government Property Transfer Act (50 ILCS 605/1 et seq). The subject property consists of an irregular parcel of vacant land located directly adjacent to the Illinois Medical District Commission’s building at 600 S. Hoyne and the Cook County Medical Examiner’s parking lot at 2121 W. Harrison. The land being an area of approximately + 6,497 Square Feet (0.15 acre) in the East ½ of the S.W. ¼ of Section 18, Township 39 North, Range 14 in Cook County consists of green space and does not encroach upon the parking area. It has been determined by all County departments agencies involved that the subject property is no longer needed for County purposes and can be released for sale. Approval recommended.

*Referred to the Finance Real Estate and Business and Economic Development Subcommittee on September 18, 2007.

*Approved at the Finance Real Estate and Business and Economic Development Subcommittee on November 6, 2007.

Ray Muldoon, Director of Real Estate Management Division, stated the following: I am requesting the authorization to have certain property declared as “excess” located adjacent to the Medical Examiner’s Office. The property was purchased in the 1980’s from the medical district to construct a Medical Examiner facility. The Illinois Medical Examiner wants to construct an addition to their building.

Commissioner Peraica asked is the property .15 of an acre.

Mr. Muldoon replied in the affirmative.

Commissioner Peraica inquired as to the compensation.

Mr. Muldoon stated upon the completion of the appraisals and negotiation of terms of sale, the transaction will be presented to the Board for approval.

Commissioner Schneider, seconded by Commissioner Gorman, moved the approval of Communication No. 289294. The motion carried unanimously.

Commissioner Schneider moved to adjourn the meeting, seconded by Commissioner Peraica. The motion carried and the meeting was adjourned.

YOUR COMMITTEE RECOMMENDS THE FOLLOWING ACTION WITH REGARD TO THE MATTER NAMED HEREIN:

Communication Number 289294 Approved

Respectfully submitted,

SubCommittee on Real Estate and Business and Economic Development

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Gregg Goslin, Chairman

Attest:

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Matthew B. DeLeon, Secretary