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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: To request a new Lease Agreement
Landlord: County of Cook
Tenant: Illinois Department of the Lottery
Location: 69 W. Washington, Suite LL06
Term/Extension Period: 1/1/2021 - 12/31/2029
Space Occupied: 3,777 square feet
Monthly Rent: $6,483.00 per month with 3% annual escalations
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: One, five-year option to renew
Termination: 180-days written notice, either party
Utilities Included: Yes, except tenant pays electricity.
Summary/Notes: To approve a new Lease Agreement with the Illinois Department of the Lottery to operate an office for lottery claims. Approval is recommended.
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