title
PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: To approve a new Lease Agreement
Landlord: County of Cook
Tenant: Mobilitie Investments IV, LLC
Location: George W. Dunne Cook County Office Building 69 W. Washington, Chicago, Pedway and 36th floor
Term/Extension Period: 10 years
Space Occupied: Approximately 206 square feet; 20 square feet in Pedway and 186 square feet on 36th floor
Monthly Rent: NA; Lessee will pay $50,000.00 for each carrier to commence commercial operations and will make a one-time additional payment of $15,000.00 (per carrier) at the commencement of First Extension Term.
Fiscal Impact: Revenue Generating
Accounts:
Option to Renew: Three (3) automatic extension terms of ten (10) years, five (5) years and five (5) years respectively
Termination: Lessee may terminate with written notice to Lessor.
Utilities Included: Yes
Summary/Notes: Mobilitie Investments IV, LLC seeks to improve cellular network coverage at the George W. Dunne Cook County Office Building by building, installing, operating, and maintaining a multi-carrier capable, neutral host distributed antenna system and/or similar system (small cell antenna included) capable of accommodating Carriers. Approval is recommended.
end