Board of Commissioners of Cook County - File #: 19-5253

• File #: 19-5253
• Version: 1
• Name: Illinois Health Facilities and Services Review Board, 69 West Washington, Portion of 35th 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 First Amendment of Intergovernmental Lease Agreement Landlord: County of Cook Tenant: Illinois Health Facilities and Services Review Board Location: 69 West Washington, Portion of 35th floor Term/Extension Period: 5/1/2019 - 4/30/2024 Space Occupied: 4,008 square feet Monthly Rent: $6,392.76 with 3% annual escalations Fiscal Impact: $407,212.80 Revenue Generating + $38,116.08 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 First Amendment of Intergovernmental Lease Agreement  

Landlord:  County of Cook   

Tenant:  Illinois Health Facilities and Services Review Board  

Location:  69 West Washington, Portion of 35^th floor  

Term/Extension Period:  5/1/2019 - 4/30/2024

Space Occupied:  4,008 square feet

Monthly Rent:  $6,392.76 with 3% annual escalations

Fiscal Impact:  $407,212.80 Revenue Generating + $38,116.08 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