File #: 19-2212    Version: 1 Name: 4253 N. Milwaukee Avenue, Chicago, Illinois Commissioner Degnen District Office Lease
Type: Lease Agreement Status: Approved
File created: 3/7/2019 In control: Board of Commissioners
On agenda: 3/21/2019 Final action: 3/21/2019
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request Approval of New Lease Landlord: 4251-57 Milwaukee Property LLC Tenant: County of Cook, for the Use of Commissioner Bridget Degnen Location: 4253 N. Milwaukee Avenue, Chicago, Illinois Term/Extension Period: 3/21/2019-11/30/2022 Space Occupied: 1,000 Square Feet Monthly Rent: $1,050.00 with 3% annual escalations beginning 11/30/2019 Fiscal Impact: FY19-22 $48,513.70 (Total Term) Accounts: 11000.1092.20440.550130 - Facility and Office Space Rental Option to Renew: N/A Termination: Allowable with sixty-day notice Utilities Included: No Summary/Notes: Requesting approval of new Lease at 4253 N. Milwaukee Avenue, Chicago, Illinois 60641 for the use of Commissioner Bridget Degnen's 12th District Office.
Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

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PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  Request Approval of New Lease

 

Landlord:  4251-57 Milwaukee Property LLC  

 

Tenant:  County of Cook, for the Use of Commissioner Bridget Degnen  

 

Location:  4253 N. Milwaukee Avenue, Chicago, Illinois  

 

Term/Extension Period:  3/21/2019-11/30/2022  

 

Space Occupied:  1,000 Square Feet  

 

Monthly Rent:  $1,050.00 with 3% annual escalations beginning 11/30/2019

 

Fiscal Impact:  FY19-22 $48,513.70 (Total Term)  

 

Accounts:  11000.1092.20440.550130 - Facility and Office Space Rental 

 

Option to Renew:  N/A

 

Termination:  Allowable with sixty-day notice  

 

Utilities Included:  No

 

Summary/Notes:  Requesting approval of new Lease at 4253 N. Milwaukee Avenue, Chicago, Illinois 60641 for the use of Commissioner Bridget Degnen’s 12th District Office.

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