Board of Commissioners of Cook County - File #: 19-5241

• File #: 19-5241
• Version: 1
• Name: State of Illinois, Department of Human Services, 69 West Washington, Portion of the fourth (4th) floor
• Type: Lease Agreement Amendment
• Status: Approved
• File created: 8/21/2019
• In control: Board of Commissioners
• On agenda: 9/5/2019
• Final action: 9/5/2019
• Title: PROPOSED LEASE AMENDMENT Department: Department of Real Estate Management Request: To approve a First Amendment to an Intergovernmental Lease Agreement Landlord: County of Cook Tenant: State of Illinois, Department of Human Services Location: 69 West Washington, Portion of the fourth (4th) floor Term/Extension Period: 10/1/2019 - 9/30/2024 Space Occupied: 15,222 square feet Monthly Rent: $24,279.09 with 3% annual escalations Fiscal Impact: $1,546,555.32 Revenue Generating + $144,761.22 in annual operating expenses Accounts: Option to Renew: NA Termination: Either party may terminate with 180 days prior written notice. Utilities Included: No Summary: Approval is recommended.
• Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

Date	Ver.	Action By	Motion	Result
9/5/2019	1	Board of Commissioners	approve	Pass

title

PROPOSED LEASE AMENDMENT

Department:  Department of Real Estate Management 

Request:  To approve a First Amendment to an Intergovernmental Lease Agreement

Landlord:  County of Cook   

Tenant:  State of Illinois, Department of Human Services  

Location:  69 West Washington, Portion of the fourth (4^th) floor  

Term/Extension Period:  10/1/2019 - 9/30/2024

Space Occupied:  15,222 square feet

Monthly Rent:  $24,279.09 with 3% annual escalations

Fiscal Impact:  $1,546,555.32 Revenue Generating + $144,761.22 in annual operating expenses

Accounts: 

Option to Renew:  NA

Termination:  Either party may terminate with 180 days prior written notice.

Utilities Included:  No

Summary:  Approval is recommended.

end