File #: 21-1818    Version: 1 Name: Fourth Lease Amendment for Commissioner Gainer at 5533 N Broadway
Type: Lease Agreement Amendment Status: Approved
File created: 2/22/2021 In control: Board of Commissioners
On agenda: 3/18/2021 Final action: 3/18/2021
Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: To approve a Fourth Amendment to Lease Agreement Landlord: Broadway 5533 LLC Tenant: County of Cook Location: 5533 North Broadway, Chicago Term/Extension Period: 12/1/2020 - 11/30/2021 Space Occupied: Approximately 200 square feet Monthly Rent: $330.00 Fiscal Impact: $3,960.00 over the first one-year term Accounts: 11000.1090.20190.550130 Option to Renew: Five (5), one-year renewal options; rent to escalate by 3% for each additional term Termination: Tenant may terminate with 60-days written notice. Utilities Included: Yes Summary: Approval is recommended for the Fourth Lease Amendment for Commissioner Gainer's District Office located at 5533 North Broadway in Chicago.
Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

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PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management

 

Request:  To approve a Fourth Amendment to Lease Agreement

 

Landlord:  Broadway 5533 LLC 

 

Tenant:  County of Cook

 

Location:  5533 North Broadway, Chicago 

 

Term/Extension Period:  12/1/2020 - 11/30/2021 

 

Space Occupied:  Approximately 200 square feet 

 

Monthly Rent:  $330.00

 

Fiscal Impact:  $3,960.00 over the first one-year term

 

Accounts:  11000.1090.20190.550130

 

Option to Renew:  Five (5), one-year renewal options; rent to escalate by 3% for each additional term

 

Termination:  Tenant may terminate with 60-days written notice.

 

Utilities Included:  Yes

 

Summary: Approval is recommended for the Fourth Lease Amendment for Commissioner Gainer’s District Office located at 5533 North Broadway in Chicago.

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