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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: To approve a New Lease Agreement
Landlord: Cook County
Tenant: Vite Veterinary Services, LLC
Location: Adjacent to 905 E. 31st Street, LaGrange Park
Term/Extension Period: 11/1/21 - 10/31/31; 10 years
Space Occupied: Approximately 1,740 square feet
Monthly Rent: $250.00 with 3% annual escalations
Fiscal Impact: $34,391.64 Revenue Generating
Accounts:
Option to Renew: Three (3) consecutive, five (5) year terms
Termination: County may terminate with thirty (30) days’ prior written notice.
Utilities Included: NA
Summary/Notes: Vite Veterinary Services, LLC seeks to lease the vacant parcel for client and staff parking purposes. Due to the vacant parcel’s location and vicinity to railroad, it is recommended that Cook County not dispose of the land for future expansion.
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