https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6633288&GUID=A852AA53-CFAC-46ED-9C36-3FFE095C8979Legistar15https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6633288&GUID=A852AA53-CFAC-46ED-9C36-3FFE095C8979A852AA53-CFAC-46ED-9C36-3FFE095C8979-2024-06-21-14-53-35Title: PROPOSED SUBSTIUTE TO FILE 24-2267 PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Authority to Enter into a Lease Agreement Landlord: WELBIC III BROADVIEW CERMAK LLC Tenant: Cook County, for use by the Cook County Department of Public Health Location: 2101-2171 W. 22nd Street (Cermak Road), Broadview, Illinois Term/Extension Period: 7/1/2024 - 6/30/2034 Space Occupied: 15,850 Square Feet Monthly Rent: Base Rent Expense Pass Total Obligation Net Build- Total Obligation (Monthly) Throughs (Monthly) Out Costs (Annually) (Monthly) Year 1 $14,529.17 $57.25 $14,586.42 $297,952.00 $472,989.04 Year 2 $14,877.27 $196.50 $15,073.77 - $180,885.24 Year 3 $15,237.56 $339.92 $15,577.48 - $186,929.72 Year 4 $15,610.46 $487.58 $16,098.04 - $193,176.52 Year 5 $15,996.41 $639.75 $16,636.16 - $199,633.92 Year 6 $16,395.87 $796.42 $17,192.29 - $206,307.44 Year 7 $16,809.31 $957.83 $17,767.14 - $213,205.72 Year 8 $17,237.22 $1,124.00 $18,361.22 - $220,334.64 Year 9 $17,680.11 $1,295.25 $18,975.36 - $227,704.32 Year 10 $18,138.50 $1,471.Fri, 21 Jun 2024 14:53:35 GMT