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File #: 20-4187    Version: 1 Name: The State of Illinois, Department of Central Management Services, Chicago, Illinois
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 INTERGOVERNMENTAL AGREEMENT (REAL ESTATE) Department: Department of Real Estate Management Landlord: County of Cook, Chicago, Illinois Tenant: The State of Illinois, Department of Central Management Services, Chicago, Illinois Request: To approve a new Lease Agreement Location: 69 W. Washington, Suite 901 Agreement Period: 12/1/2020 - 11/30/2030 Termination: 180-days written notice, either party Space Occupied: 5,491 Square feet Fiscal Impact: Revenue Generating Accounts: N/A Summary: To approve a new Lease Agreement with The State of Illinois, Department of Central Management Services, Illinois' primary central service agency delivering shared resources to state agencies, employees and local government. The monthly rent is $9,426.00 plus tenant pays proportionate share of operating expenses. Approval is recommended.
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED INTERGOVERNMENTAL AGREEMENT (REAL ESTATE)

 

Department:  Department of Real Estate Management

 

Landlord:  County of Cook, Chicago, Illinois

 

Tenant:  The State of Illinois, Department of Central Management Services, Chicago, Illinois

 

Request:  To approve a new Lease Agreement

 

Location:  69 W. Washington, Suite 901

 

Agreement Period:  12/1/2020 - 11/30/2030

 

Termination:  180-days written notice, either party

 

Space Occupied:  5,491 Square feet

 

Fiscal Impact:  Revenue Generating

 

Accounts:  N/A

 

Summary:  To approve a new Lease Agreement with The State of Illinois, Department of Central Management Services, Illinois' primary central service agency delivering shared resources to state agencies, employees and local government. The monthly rent is $9,426.00 plus tenant pays proportionate share of operating expenses. Approval is recommended.

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