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File #: 20-4181    Version: 1 Name: Catholic Charities (for operation of Central State Institute of Addiction) at District (2nd, 3rd, 4th, 5th & 6th) Courthouses
Type: Lease Agreement Amendment 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 AMENDMENT Department: Department of Real Estate Management Request: To approve a Seventh (7th) Amendment to a Lease Landlord: County of Cook Tenant: Catholic Charities of the Archdiocese of Chicago Location: Cook County Courthouses in the 2nd, 3rd, 4th, 5th and 6th Districts Term/Extension Period: October 1, 2020 until September 30, 2022 Space Occupied: See table below Monthly Rent: Building Annual Base Rent Monthly Base Rent 2nd District: 1,324 square feet 10/1/20-9/30/21 @ $12.89 $17,066.40 $1,422.20 10/1/21-9/30/22 @ $13.28 $17,582.76 $1,465.23 10/1/22-9/30/23 @ $13.68 $18,112.32 $1,509.36 3rd District: 2,600 square feet 10/1/20-9/30/21 @ $12.89 $33,513.96 $2,792.83 10/1/21-9/30/22 @ $13.28 $34,527.96 $2,877.33 10/1/22-9/30/22 @ $12.68 $35,568.00 $2,964.00 4th District: 820 square feet 10/1/20-9/30/21 @ $12.89 $10,569.84 $880.82 10/1/21-9/30/22 @ $13.28 $10,889.64 $907.47 10/1/22-9/30/22 @ $12.68 $11,217.60 $934.80 5th District: 3,62...
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LEASE AMENDMENT

 

Department:  Department of Real Estate Management 

 

Request:  To approve a Seventh (7th) Amendment to a Lease

 

Landlord:  County of Cook

 

Tenant:  Catholic Charities of the Archdiocese of Chicago

 

Location:  Cook County Courthouses in the 2nd, 3rd, 4th, 5th and 6th Districts

 

Term/Extension Period:  October 1, 2020 until September 30, 2022

 

Space Occupied:  See table below

 

Monthly Rent: 

Building                      Annual Base Rent                      Monthly Base Rent

 

2nd District: 1,324 square feet

10/1/20-9/30/21 @ $12.89                      $17,066.40                     $1,422.20

10/1/21-9/30/22 @ $13.28                     $17,582.76                     $1,465.23

10/1/22-9/30/23 @ $13.68                     $18,112.32                     $1,509.36

 

3rd District:  2,600 square feet

10/1/20-9/30/21 @ $12.89                     $33,513.96                     $2,792.83

10/1/21-9/30/22 @ $13.28                     $34,527.96                     $2,877.33

10/1/22-9/30/22 @ $12.68                     $35,568.00                     $2,964.00

 

4th District:  820 square feet

10/1/20-9/30/21 @ $12.89                      $10,569.84                     $880.82

10/1/21-9/30/22 @ $13.28                     $10,889.64                     $907.47

10/1/22-9/30/22 @ $12.68                     $11,217.60                     $934.80

 

5th District:  3,620 square feet

10/1/20-9/30/21 @ $12.89                     $46,661.76                     $3,888.48

10/1/21-9/30/22 @ $13.28                     $48,073.56                     $4,006.13

10/1/22-9/30/22 @ $12.68                     $49,521.60                     $4,126.80

 

6th District:  2,760 square feet                     

10/1/20-9/30/21 @ $12.89                     $35,576.40                     $2,964.70

10/1/21-9/30/22 @ $13.28                     $36,652.80                     $3,054.40

10/1/22-9/30/22 @ $12.68                     $37,756.80                     $3,164.40

 

Fiscal Impact:  Revenue Generating

 

Accounts:  N/A

 

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

 

Termination:  120-days written notice, either party 

 

Utilities Included:  Yes

 

Summary:  To approve a Seventh Amendment to a Lease with Catholic Charities of the Archdiocese of Chicago so that Central State Institute of Addiction may provide services to the District Courthouses.  Approval is recommended.

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