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File #: 19-1229    Version: 1 Name: Meacham Business Center LLC Commissioner Kevin Morrison’s 15th District field office
Type: Lease Agreement Status: Approved
File created: 2/7/2019 In control: Board of Commissioners
On agenda: 2/21/2019 Final action: 2/21/2019
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request Approval of New Lease Landlord: Meacham Business Center LLC Tenant: County of Cook, for the Use of Commissioner Kevin Morrison Location: 1325 Wiley Road, Suite 141, Schaumburg, Illinois Term/Extension Period: 2/15/2019-11/30/2022 Space Occupied: 1,110 Sq. Ft. Monthly Rent: Monthly: $1,341.25 with escalation of 2.5% Fiscal Impact: FY19-22 $62,805 (lease term total) Accounts: 11000.1095.13915.550130 - Facility and Office Space Rental Option to Renew: N/A Termination: Allowable with 90-day notice on each anniversary of lease term beginning with November 30, 2019 Utilities Included: Utilities not included. Taxes and Operating Expenses payable over first year base of $5.85 per square foot. Summary/Notes: Requesting approval of new Lease at 1325 Wiley Road, Suite 141, Schaumburg, IL for the use of Commissioner Kevin Morrison's 15th District field office.
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LEASE AGREEMENT

 

Department: Department of Real Estate Management

 

Request: Request Approval of New Lease

 

Landlord: Meacham Business Center LLC

 

Tenant: County of Cook, for the Use of Commissioner Kevin Morrison

 

Location: 1325 Wiley Road, Suite 141, Schaumburg, Illinois

 

Term/Extension Period: 2/15/2019-11/30/2022

 

Space Occupied: 1,110 Sq. Ft.

 

Monthly Rent: Monthly: $1,341.25 with escalation of 2.5%

 

Fiscal Impact: FY19-22 $62,805 (lease term total)

 

Accounts: 11000.1095.13915.550130 - Facility and Office Space Rental

 

Option to Renew: N/A

 

Termination: Allowable with 90-day notice on each anniversary of lease term beginning with November 30, 2019

 

Utilities Included: Utilities not included. Taxes and Operating Expenses payable over first year base of $5.85 per square foot.

 

Summary/Notes: Requesting approval of new Lease at 1325 Wiley Road, Suite 141, Schaumburg, IL for the use of Commissioner Kevin Morrison’s 15th District field office.

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