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70 ILCS 1810/7
(70 ILCS 1810/7) (from Ch. 19, par. 158)
Sec. 7. The Port 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 therein that
may be useful for its purposes and to provide for the development of
adequate channels, ports, harbors, terminals, port facilities, and
terminal facilities adequate to serve the needs of commerce within the
District. The District may acquire by condemnation any and all real
property lying within the Lake Calumet area (as hereinbefore defined)
and also any and all real property lying within 1/2 mile of the Calumet
River or Lake Calumet and the whole of any parcel of real property
adjacent to such River or Lake which is wholly within the corporate
limits of the City of Chicago even though part of such parcel may be
more than 1/2 mile from such River or Lake, whether a fee simple
absolute or a lesser estate, or any right or rights therein (including
riparian rights) that may be required for its corporate purposes in the
manner as near as may be, as is provided for the exercise of the right of
eminent domain under the Eminent Domain Act; except that no rights or property of
any kind or character now or hereafter owned, leased, controlled or
operated and used by, or necessary for the actual operations of, any
common carrier engaged in interstate commerce, shall be taken or
appropriated by the District without first obtaining the approval of the
Illinois Commerce Commission. The District shall have no power to
acquire by condemnation any property other than as prescribed in this
Section.
Any property or facility shall be leased or operated, if
at all, only by two 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.
Also, the District may dedicate to the public for highway purposes
any of its real property and such dedications may be subject to such
conditions and the retention of such interest therein as may be deemed
for the best interest of the District by its Board.
The District may sell, convey, or operate any of its
buildings, structures or other improvements located upon District property as
may be deemed in the best interest of the District by its Board.
Also, the District, subject to the public bid requirements prescribed
in Section 5.02 in respect to public warehouses or public grain
elevators, may lease to others for any period of time, not to exceed 99
years, upon such terms as its Board may determine, any of its real
property, rights of way or privileges, or any interest therein, or any part
thereof, for industrial, manufacturing, commercial, recreational, or harbor
purposes, which is in the opinion of the Port District Board no longer
required for its primary purposes in the development of port and harbor
facilities for the use of public transportation, or which may not be
immediately needed for such purposes, but where such leases will in the
opinion of the Port District Board aid and promote such purposes, and in
conjunction with such 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 such
lease and may include the right to enter upon the property of the
District to do such things as may be necessary for the enjoyment of such
leases, rights of way and privileges, and such leases may contain such
conditions and retain such interest therein as may be deemed for the
best interest of the District by such Board.
Also, the District shall have the right to grant easements and
permits for the use of any such real property, rights of way or
privileges which in the opinion of the Board will not interfere with the
use thereof by said District for its primary purposes and such easements
and permits may contain such conditions and retain such interest therein
as may be deemed for the best interest of said District by said 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 by its Board. Such 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.
(Source: P.A. 94-1055, eff. 1-1-07.)
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