Board of Commissioners of Cook County - File #: 19-5259

• File #: 19-5259
• Version: 1
• Name: State of Illinois, Office of the Executive Inspector General, 69 West Washington Street, 34th Floor
• Type: Lease Agreement Amendment
• Status: Approved
• File created: 8/21/2019
• In control: Board of Commissioners
• On agenda: 9/5/2019
• Final action: 9/5/2019
• Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: To approve First Amendment of Intergovernmental Lease Agreement Landlord: County of Cook Tenant: State of Illinois, Office of the Executive Inspector General Location: 69 West Washington Street, 34th Floor Term/Extension Period: 5/1/2018 - 4/30/2023 Space Occupied: 20,652 square feet Monthly Rent: $27,553.25 with 2% annual escalations Fiscal Impact: $1,720,724.00 Revenue Generating + $196,400.52 in annual operating expenses Accounts: Option to Renew: NA Termination: Either party may terminate with 180 days prior written notice. Utilities Included: No Summary: Approval is recommended.
• Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

Date	Ver.	Action By	Motion	Result
9/5/2019	1	Board of Commissioners	approve	Pass

title

PROPOSED LEASE AMENDMENT

Department:  Department of Real Estate Management

Request:  To approve First Amendment of Intergovernmental Lease Agreement  

Landlord:  County of Cook   

Tenant:  State of Illinois, Office of the Executive Inspector General  

Location:  69 West Washington Street, 34^th Floor  

Term/Extension Period:  5/1/2018 - 4/30/2023

Space Occupied:  20,652 square feet  

Monthly Rent:  $27,553.25 with 2% annual escalations

Fiscal Impact:  $1,720,724.00 Revenue Generating + $196,400.52 in annual operating expenses

Accounts: 

Option to Renew:  NA

Termination:  Either party may terminate with 180 days prior written notice. 

Utilities Included:  No

Summary:  Approval is recommended.

end