(70 ILCS 1807/50)
Sec. 50.
Acquisition of property.
(a) The district shall have power to acquire and accept by purchase, lease,
gift, grant, or otherwise any and all real property, whether a fee simple
absolute or a
lesser estate, and personal property either within or without its corporate
limits or any
right that may be useful for its purposes and to provide for the development of
adequate channels, ports, harbors, terminals, port facilities, intermodal
facilities, and terminal
facilities
adequate to serve the needs of commerce
within the district. The district shall have the
right to grant easements and permits for the use of any real property, rights
of way, or
privileges that, in the opinion of the Board, will not interfere with the use
of the district's
property by the district for its primary purposes and the easements and permits
may
contain any conditions and retain any interest therein that may be deemed for
the best
interest of the district by the Board.
(b) Any property or facility shall be leased or operated, if at all, only by
2 or
more unrelated contracting parties in parcels that are as nearly equal in all
respects as
practicable unless the Board determines that it is in the best interest of the
district to
lease the property or facility to a single contracting party.
The district, subject to the public bid requirements prescribed in Section
40 with
respect to public warehouses or public grain elevators, may lease to others for
any period
of time not to exceed 99 years upon any terms that the Board may determine any
of its
real property, rights of way, or privileges, any interest therein, or any part
thereof for
industrial, manufacturing, commercial, recreational, or harbor purposes, that
is in the
opinion of the Board no longer required for its primary purposes in the
development of
port, intermodal, and harbor facilities or that may not be immediately needed
for those
purposes.
Where the leases will in the opinion of the Board aid and promote those
purposes, and
in conjunction with those leases, the district
may grant rights of way and privileges
across the property of the district, which rights of way and privileges may be
assignable
and irrevocable during the term of any lease and may include the right to enter
upon the
property of the district to do any things that may be necessary for the
enjoyment of the
leases, rights of way, and privileges and the leases may contain any conditions
and
retain any interest that may be deemed for the best interest of the district by
the
Board.
With respect to any and all leases, easements, rights of way, privileges,
and
permits made or granted by the Board, the Board may agree upon and collect the
rentals, charges, and fees that may be deemed for the best interest of the
district by
the Board. The rentals, charges, and fees shall be used to defray the
reasonable expenses
of the district and to pay the principal of and interest on any revenue bonds
issued by the
district.
(c) The district may dedicate to the public for highway purposes any of its
real
property and those dedications may be subject to any conditions and the
retention of
any interest that may be deemed for the best interest of the district by the
Board.
(d) The district may sell, convey, or operate any of its buildings,
structures, or
other improvements located upon district property that may be deemed in the
best
interest of the district by the Board.
(Source: P.A. 93-262, eff. 7-22-03.)
|