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File #: 17-4705    Version: 1 Name: Catholic Charities of the Archdiocese of Chicago/Central State Institute Fifth Amendment CSI Dist 2nd-6th District Courthouses
Type: Lease Agreement Amendment Status: Approved
File created: 8/9/2017 In control: Board of Commissioners
On agenda: 9/13/2017 Final action: 9/13/2017
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 ...
Indexes: TIMOTHY C. EVANS, Chief Judge, Circuit Court of Cook County, JESSICA CAFFREY, Director, Real Estate Management Division

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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