File #: 19-1330    Version: 1 Name: Chicago Title Land Trust Co. as Successor Trustee, under Trust Agreement #76244, dated 11/9/1971, and Sheldon Simborg as beneficiary for 5th District Office Lease
Type: Lease Agreement Amendment Status: Approved
File created: 1/16/2019 In control: Board of Commissioners
On agenda: 1/24/2019 Final action: 1/24/2019
Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: Request Approval of Fifth Lease Amendment Landlord: Chicago Title Land Trust Co. as Successor Trustee, under Trust Agreement #76244, dated 11/9/1971, and Sheldon Simborg as beneficiary Tenant: County of Cook, for the Use of Commissioner Deborah Sims Location: 2515 Veterans Drive, Posen, Illinois 60469 Term/Extension Period: 2/1/2019-11/30/2022 Space Occupied: 2,800 sq. ft. Monthly Rent: $1,393.00 Fiscal Impact: FY19-FY22 $66,564.00 (Total Rent for Term) Accounts: 11000.1085.13920.550130 Office Space Rental Option to Renew: N/A Termination: By Tenant with ninety days written notice Utilities Included: $300.00 monthly utility allowance Summary: Requesting approval of a Fifth Amendment to Lease extending the term at 2515 Veterans Drive, Posen, Illinois, for the use of Commissioner Deborah Sims 5th District field office.
Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

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PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management

 

Request:  Request Approval of Fifth Lease Amendment  

 

Landlord:  Chicago Title Land Trust Co. as Successor Trustee, under Trust Agreement #76244, dated 11/9/1971, and Sheldon Simborg as beneficiary

 

Tenant:  County of Cook, for the Use of Commissioner Deborah Sims  

 

Location:  2515 Veterans Drive, Posen, Illinois 60469 

 

Term/Extension Period:  2/1/2019-11/30/2022   

 

Space Occupied:  2,800 sq. ft.

 

Monthly Rent:  $1,393.00

 

Fiscal Impact:  FY19-FY22 $66,564.00 (Total Rent for Term)

 

Accounts:  11000.1085.13920.550130 Office Space Rental 

 

Option to Renew:  N/A 

 

Termination:  By Tenant with ninety days written notice 

 

Utilities Included:  $300.00 monthly utility allowance  

 

Summary: Requesting approval of a Fifth Amendment to Lease extending the term at 2515 Veterans Drive, Posen, Illinois, for the use of Commissioner Deborah Sims 5th District field office.

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