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File #: 20-4185    Version: 1 Name: Illinois Department of the Lottery
Type: Intergovernmental Agreement Status: Approved
File created: 9/9/2020 In control: Board of Commissioners
On agenda: 9/24/2020 Final action: 9/24/2020
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: To request a new Lease Agreement Landlord: County of Cook Tenant: Illinois Department of the Lottery Location: 69 W. Washington, Suite LL06 Term/Extension Period: 1/1/2021 - 12/31/2029 Space Occupied: 3,777 square feet Monthly Rent: $6,483.00 per month with 3% annual escalations Fiscal Impact: Revenue Generating Accounts: N/A Option to Renew: One, five-year option to renew Termination: 180-days written notice, either party Utilities Included: Yes, except tenant pays electricity. Summary/Notes: To approve a new Lease Agreement with the Illinois Department of the Lottery to operate an office for lottery claims. Approval is recommended.
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  To request a new Lease Agreement

 

Landlord:  County of Cook 

 

Tenant:  Illinois Department of the Lottery

 

Location:  69 W. Washington, Suite LL06 

 

Term/Extension Period:  1/1/2021 - 12/31/2029 

 

Space Occupied:  3,777 square feet 

 

Monthly Rent:  $6,483.00 per month with 3% annual escalations

 

Fiscal Impact:  Revenue Generating 

 

Accounts:  N/A 

 

Option to Renew:  One, five-year option to renew 

 

Termination:  180-days written notice, either party 

 

Utilities Included:  Yes, except tenant pays electricity. 

 

Summary/Notes:  To approve a new Lease Agreement with the Illinois Department of the Lottery to operate an office for lottery claims.  Approval is recommended.

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