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PROPOSED LICENSE AMENDMENT REQUEST
Request: Requesting authorization for the Forest Preserves of Cook County (the “Forest Preserves”), as Licensor to amend a License to Wood River Pipelines, LLC (“Wood River”), Grantee, to locate, operate and maintain a 14-inch petroleum pipeline. Wood River has an existing 14-inch petroleum pipeline under License No. 868 granted by the Forest Preserves in 1971. Part of pipeline is proposed to be relocated and extended approximately 409 feet due to the Illinois Tollway’s Mile Long Bridge reconstruction project (Board Agenda Item 19-0185). The current license expires on September 7, 2021. The license will be renewed/amended for a ten (10) year term for the entire length of the pipeline in the Forest Preserves, including the additional 409 feet of new pipeline, at the current on-time renewal rate.
Term: Ten (10) Years
License Fee: $17,324.38
License Application Fee: $3,500.00
YELAR Fee: $6,450.00
Total one-time upfront fee of $27,274.38 for the term of the License
(Sec. 5-2A-4 and 5-2B-4)
Tree Mitigation Fee: None
The area of the License is: 0.40 Acre
Concurrence(s):
The Chief Financial Officer has approved this item. Final amendment, including any required insurance, is subject to legal review and approval.
The Forest Preserves staff have reviewed the plans associated with this license amendment and have found them to be acceptable; therefore, it is recommended that the Forest Preserves of Cook County Board of Commissioners approve the issuance of this license amendment.
District(s): 17
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