File #: 16-5055    Version: 1 Name: Eighteenth Street LLC, Michael Adams and Armando Gonzales Fifth Amend to Lease 5912 Cermak, Cicero, illinois
Type: Lease Agreement Amendment Status: Approved
File created: 8/26/2016 In control: Board of Commissioners
On agenda: 9/14/2016 Final action: 9/14/2016
Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: Approve a Fifth Amendment to Lease Landlord: Eighteenth Street LLC, Michael Adams and Armando Gonzales Tenant: County of Cook Location: 5912 W. Cermak Road, Cicero, Illinois 60804 Term/Extension Period: 11/1/2016 - 10/31/2017 Space Occupied: 8,500 Square feet Monthly Rent: $14,175.80 per month / $170,109.60 annually Fiscal Impact: Approval of this item will commit Fiscal Year 2016 and 2017 funds Accounts: 893-660 Account Option to Renew: N/A Termination: 90 days prior written notice by Tenant Utilities Included: No Summary: The Premises is located in Cook County District #16 in the building known as the Cicero Health Center, at 5912 W. Cermak Road, Cicero, and is currently occupied by the Ambulatory & Community Health Network (ACHN) and the Cook County Department of Public Health (DPH). On 6/8/2016, this Board approved a proposed acquisition of certain real estate...
Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

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PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management

 

Request:  Approve a Fifth Amendment to Lease 

 

Landlord:  Eighteenth Street LLC, Michael Adams and Armando Gonzales

 

Tenant:  County of Cook

 

Location:  5912 W. Cermak Road, Cicero, Illinois 60804 

 

Term/Extension Period:  11/1/2016 - 10/31/2017

 

Space Occupied:  8,500 Square feet

 

Monthly Rent:  $14,175.80 per month / $170,109.60 annually

 

Fiscal Impact:  Approval of this item will commit Fiscal Year 2016 and 2017 funds

 

Accounts:  893-660 Account

 

Option to Renew:  N/A

 

Termination:  90 days prior written notice by Tenant

 

Utilities Included:  No

 

Summary: The Premises is located in Cook County District #16 in the building known as the Cicero Health Center, at 5912 W. Cermak Road, Cicero, and is currently occupied by the Ambulatory & Community Health Network (ACHN) and the Cook County Department of Public Health (DPH).

 

On 6/8/2016, this Board approved a proposed acquisition of certain real estate to allow for the expansion of the Health Center. However, due to unsatisfactory matters discovered during the due diligence period which could not be resolved, the Purchase Contract was terminated.

 

This Fifth Amendment extends the term of the Lease for one (1) year to allow ACHN and DPH to continue offering a variety of vital health services to the community of west suburban Cook County without interruption while continuing to work with the Department of Real Estate Management to locate a site for an expanded clinic to better serve its clients.    

 

The Ambulatory & Community Health Network will continue to utilize the premises for a primary health care clinic. The clinic also houses a Women, Infant and Child (WIC) program operated by the Cook County Department of Public Health.

 

This item has been submitted to the CCHHS Board for approval at its next available meeting.

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