title
PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Approval of a Fifth Amendment to Lease
Landlord: County of Cook
Tenant: Catholic Charities of the Archdiocese of Chicago/Central State Institute
Location: 2nd, 3rd, 4th, 5th, 6th District Court Buildings
Term/Extension Period: Three (3) years/10/1/2017 - 9/30/2020
Space Occupied: 12,040 sq. ft
Monthly Rent:
Period Annual Monthly PSF
10/1/2017-9/30/2018 $141,951.60 $11,829.30 $11.79
10/1/2018-9/30/2019 $146,286.00 $12,190.50 $12.15
10/1/2019-9/30/2020 $150,620.40 $12,551.70 $12.51
Fiscal Impact: N/A
Accounts: Revenue Generating
Option to Renew: N/A
Termination: Either party may terminate with 120 days written notice
Utilities Included: Yes
Summary: The Tenant shall continue to use and occupy the premises for general office purposes for Central States Institute of Addiction, in connection with activities related to the operation of the courts in the Building in which the respective portion of the premises is located. The Fourth Amendment to the lease expires 9/30/2017; CSIA requests and the Chief Judge’s office approves a three (3) year renewal.
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