title
PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Approve a Third Amendment to Lease
Landlord: County of Cook
Tenant: Puja Enterprise, Inc. and Vinod and Nandini Patel
Location: 69 West Washington Street, Lower Level Pedway, Suite LL-10
Term/Extension Period: 5/1/2016 - 4/30/2021
Space Occupied: 1,110 Square feet
Monthly Rent: Monthly: $1,653.01. Annual: $19,836.14 (plus $3.00 per sq. ft. annually for operating expenses)
Leasehold Taxes: Tenant pays leasehold taxes for the premises in addition to rent and operating expenses
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: N/A
Termination: N/A
Utilities Included: Heat, air conditioning & water included. Tenant pays for electricity metered to Premises.
Summary: This Amendment extends the term of the lease for the operation of the “Early Edition” newsstand and sundries shop located on the Pedway level of the George W. Dunne Office Building at 69 West Washington Street, Chicago, Illinois. The proposed rental rate is within the range of current market rates. end