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PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Requesting approval to extend the Intergovernmental Agreement Lease
Landlord: Cook County
Tenant: State of Illinois, acting by and through its Department of Central Management Services, on behalf of the Department of Children and Family Services
Location: 2245 W. Ogden, Chicago, IL 60612
Term/Extension Period: 2/1/2024 - 1/31/2029 (5 Years)
Space Occupied: 17,415 rentable square feet of office space, located on the 3rd floor of the building, 2245 W. Ogden Avenue, Chicago, IL 60612
Monthly Rent: 2/1/2024 - 1/31/2025 $30,518.04, 2/1/2025 - 1/31/2026 $31,432.27, 2/1/2026 - 1/31/2027 $32,375.53, 2/1/2027 - 1/31/2028 $33,347.81, 2/1/2028 - 1/31/2029 $34,349.12
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: Option to renew for one (1) additional five (5) year period.
Termination: N/A
Utilities Included: Yes
Summary: The original Intergovernmental Agreement was for a five (5) year term, (December 1, 2013 - November 30, 2018). After the expiration of the original lease, The Department of Central Management Services, on behalf of DCFS, exercised its option to extend the lease for another five (5) year term (December 1, 2018 - November 30, 2023). Presently, the Department of Central Management Services desires to further amend the lease, for the purpose of extending for an additional five (5) year term, by entering this Second Amendment.
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