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PROPOSED INTERGOVERNMENTAL AGREEMENT (REAL ESTATE)
Department: Department of Real Estate Management
Landlord: County of Cook, Chicago, Illinois
Tenant: Illinois Workers’ Compensation Commission, Chicago, Illinois
Request: To approve a new Lease Agreement
Location: 69 W. Washington, Suite 900, Chicago
Agreement Period: 12/12020 - 11/30/2030
Termination: 180-days written notice, either party
Space Occupied: 23,589 square feet
Fiscal Impact: Revenue Generating
Accounts: N/A
Summary: To approve a new Lease Agreement with Illinois Workers’ Compensation Commission. The Illinois Workers' Compensation Commission resolves disputes between employees and employers regarding work-related injuries and illnesses. The monthly base rent is $40,494.00 with 3% escalations plus tenant proportionate share of operating expenses. Approval is recommended.
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