File #: 19-5262    Version: 1 Name: Illinois Department of Children and Family Services 2245 W Ogden, Chicago, Portion of 3rd 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 Department of Children and Family Services Location: 2245 W Ogden, Chicago, Portion of 3rd floor Term/Extension Period: 12/1/2018 - 11/30/2023 Space Occupied: 17,415 square feet Monthly Rent: $28,488.04 with 2% escalations every other year Fiscal Impact: $1,750,381.65 Revenue Generating Accounts: Option to Renew: NA Termination: Either party may terminate with 180 days prior written notice. Utilities Included: Yes Summary: Approval is recommended.
Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

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PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management 

 

Request:  To approve First Amendment of Intergovernmental Lease Agreement  

 

Landlord:  County of Cook 

 

Tenant:  Illinois Department of Children and Family Services

 

Location:  2245 W Ogden, Chicago, Portion of 3rd floor  

 

Term/Extension Period:  12/1/2018 - 11/30/2023 

 

Space Occupied:  17,415 square feet  

 

Monthly Rent:  $28,488.04 with 2% escalations every other year

 

Fiscal Impact:  $1,750,381.65 Revenue Generating

 

Accounts: 

 

Option to Renew:  NA 

 

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

 

Utilities Included:  Yes 

 

Summary:  Approval is recommended.

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