NU Fire Lane Lease Agreement

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NU Fire Lane Overview

• Overview of Proposed Lease Agreement Details

• Feedback from Audubon

• Tree Preservation Ordinance/ Habitat Replacement• Landscaping Plan

NU Fire Lane Path

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Proposed Lease Agreement

• NU granted Temporary Construction Easement (0.67 acre)

• NU responsible for Construction & Ongoing Maintenance of Fire Lane Path

• Fire Lane Path Lease (0.47 acre) – Length of Fire Lane on City property is 315 ft; City

Bike Path connection to Fire Lane is 50ft long– City & NU enter into 25 year lease agreement,

optional 25 year renewal– Inspection at year 20 for maintenance & repair

Temporary Construction Easement 0.67 acre

Fire Lane Path 0.47 acre

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Proposed Lease Agreement Payment

• Standard easement fee ($0.50/square foot) used to calculate lease rate:

• Temporary Construction Easement @ 1yr = $14,510.50• Fire Lane Path @ 25yrs = $255,012.50*

• Tree Preservation Fee (275 trees) =$173,800• NU Construction & Landscaping Costs =

$280,000• NU Ongoing Maintenance & Capital = $5,000

per year for 25 years or $125,000

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NU Costs Breakdown

Description Estimated Costs

Temp. Const. Easement (0.67 Acre @ 1 year)

$ 14,510.50

Fire Lane Construction Costs $230,000.00

Landscaping Costs $ 50,000.00

Estimated Maintenance & Capital Outlay - $5,000/year @ 25 years

$125,000.00

Tree Preservation Fee (275 trees removed)

$173,800.00

Estimated Total Cost to NU $593,310.50

Estimated Cash Payment to City $188,310.50

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Audubon Position

• Concerned with loss of dune grass & woods along lakefront

• Appreciate NU use of bird friendly glass• Interested in working with City & NU regarding

replacement of new bird habitat in new location

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Tree Replacement Habitat Option

Landscape Plan