title
PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: To approve a Fourth Lease Amendment
Landlord: County of Cook
Tenant: Amerco Real Estate Company
Location: Adjacent to that real property commonly known as 801 South Harlem Avenue, Forest Park, Illinois
Term/Extension Period: 9/1/2021 - 8/31/2026
Space Occupied: Approximately 6,846 square feet
Monthly Rent:
$950.00 with 3% annual escalations
9/1/2021 - 8/31/2022 $950.00
9/1/2022 - 8/31/2023 $979.00
9/1/2023 - 8/31/2024 $1,008.00
9/1/2024 - 8/31/2025 $1,038.00
9/1/2025 - 8/31/2026 $1,069.00
Fiscal Impact: $60,524 Revenue Generating
Accounts: NA
Option to Renew: NA
Termination: Tenant may terminate with 90-day notice; Landlord may terminate with 30-day notice.
Utilities Included: No
Summary: The Tenant will continue to maintain and utilize the premises for parking and for no other purpose. Due to the proximity of the land to two arterial roadways, the vacant land cannot be sold and is reserved for future road improvements.
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