CHICAGO (COOK COUNTY)contract

Property Lease Agreement with Union Pacific Railroad

Original title: Contract 21708: UNION PACIFIC RAILROAD CO — PROPERTY LEASE (Chicago, IL)

December 21, 2012

infrastructure real estate transportation city contracts

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The Frame

What this does

The city is entering into a formal land-use agreement with a major railroad operator, which establishes the legal terms for the city's use of specific railroad-owned property.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Union Pacific Railroad Co

The company is the lessor of the property and is bound by the terms of the lease agreement.

City of Chicago

The city is the lessee of the property and is responsible for adhering to the lease conditions.

What changed

Last recorded activity December 21, 2012.

What's next

Next step not available in the current record.

Summary

This document records a agreement between the City of Chicago and the Union Pacific Railroad Company, identified as contract number 21708.

Key Facts

The contract is a property lease agreement (L-14147/14308).
The vendor is Union Pacific Railroad Co, based in Omaha, NE.
The contract was approved on December 21, 2012.
The contract is identified by number 21708.
The listed award amount for this contract is $-70.

Frequently Asked Questions

What is the purpose of this contract?

It is a agreement between the City of Chicago and Union Pacific Railroad.

What does the negative award amount mean?

The document lists the award amount as $-70, which may indicate a credit, a fee adjustment, or a specific accounting entry related to the lease terms.

Why It Matters

The city is entering into a formal land-use agreement with a major railroad operator, which establishes the legal terms for the city's use of specific railroad-owned property.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection70% confidence

Negative Award Amount

The contract lists a negative award amount of $-70, which is unusual for a standard lease and may warrant further inquiry into the city's accounting practices for this specific agreement.

UNION PACIFIC RAILROAD CO