File #: 24-2894    Version: 1 Name: Forest Preserves Lease Amendment
Type: Lease Agreement Amendment Status: Approved
File created: 4/24/2024 In control: Board of Commissioners
On agenda: 5/16/2024 Final action: 5/16/2024
Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: Request to Extend Lease Agreement Landlord: County of Cook, a body politic and corporate Tenant: Forest Preserves of Cook County Location: 4545 W. Cermak Road, Chicago, Illinois 60623 Term/Extension Period: 6/15/2024 - 6/14/2025 Space Occupied: Approximately 7,685 sq. ft. Monthly Rent: Tenant shall pay rent during the Term in the amount of $1.00 per year, payable upon the Commencement Date. Fiscal Impact: Revenue Generating Accounts: N/A Option to Renew: N/A Termination: Ten (10) days written notice. Utilities Included: N/A Summary: Requesting approval to extend the lease agreement between the County of Cook, a body politic and corporate as Landlord, and the Forest Preserve District of Cook County, an Illinois Special District as Tenant, for the use of approximately 7,685 sq. ft. of building area in the property located at 4545 W. Cermak Rd, Chicago, I...
Indexes: QUINCE BRINKLEY, Director, Real Estate Management

title

PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management

 

Request:  Request to Extend Lease Agreement  

 

Landlord:  County of Cook, a body politic and corporate   

 

Tenant:  Forest Preserves of Cook County 

 

Location:  4545 W. Cermak Road, Chicago, Illinois 60623 

 

Term/Extension Period:  6/15/2024 - 6/14/2025   

 

Space Occupied:  Approximately 7,685 sq. ft. 

 

Monthly Rent:  Tenant shall pay rent during the Term in the amount of $1.00 per year, payable upon the Commencement Date.

 

Fiscal Impact:  Revenue Generating

 

Accounts:  N/A  

 

Option to Renew:  N/A 

 

Termination:  Ten (10) days written notice. 

 

Utilities Included:  N/A 

 

Summary: Requesting approval to extend the lease agreement between the County of Cook, a body politic and corporate as Landlord, and the Forest Preserve District of Cook County, an Illinois Special District as Tenant, for the use of approximately 7,685 sq. ft. of building area in the property located at 4545 W. Cermak Rd, Chicago, IL 60623.

 

The Forest Preserves will use the premises for temporary storage of furniture, fixtures, equipment, and records, relating to temporary relocation of staff at the Forest Preserves General Headquarters in River Forest, Illinois, during construction to replace all heating, ventilation, and other mechanical systems.

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