District Leases Lemont Properties for 50 Years at Nominal Fee
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Description
The Board approved declaring two properties at 11 and 13 Stephen Street in Lemont surplus and entering into a 50-year lease with the Village of Lemont for municipal and public recreational use, for a one-time fee of $10.00. This long-term lease repurposes District land for community benefit.
Contract Details
Contract Amount
$10.00 (one-time fee)
Vendor
VILLAGE OF LEMONT
Agency
Metropolitan Water Reclamation District of Greater Chicago, IL
Contract Type
FACILITIES
Document Date
April 2, 2026
Contract Term
50-year lease
Renewal Date
2076-04-02
Renewal Info
50-year lease term with a one-time fee; any renewal beyond the 50-year term would require new Board action.
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Issuing Agency
Special District
Chicago, IL
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