File #: 22-5136    Version: 1 Name: USPS Lease Agreement
Type: Lease Agreement Status: Approved
File created: 8/29/2022 In control: Board of Commissioners
On agenda: 9/22/2022 Final action: 9/22/2022
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request to Approve New Lease Agreement Landlord: County of Cook Tenant: United States Postal Service Location: West side of 25th Avenue, south of North Avenue, adjacent to USPS facility at 1824 N. 25th Avenue, Melrose Park, IL 60160 Term/Extension Period: 2/1/2022-1/31/2027 Space Occupied: Approx. 1,314 square feet of land area Monthly Rent: $2000.00 Annually for a Five-Year Term Fiscal Impact: Revenue Generating Accounts: N/A Option to Renew: One (1), Five (5) Year Renewal Option Termination: By Landlord with a 180-day prior written notice Utilities Included: N/A Summary/Notes: Requesting approval of a new Lease Agreement between the County of Cook, as Landlord, and the United States Postal Service as Tenant, for use of a portion of vacant land owned by the County along the west side of 25th Avenue, south of North Avenue in Melrose Park, Illinois. This...
Indexes: (Inactive) JESSICA CAFFREY, Deputy Chief, Bureau of Asset Management

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PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  Request to Approve New Lease Agreement

 

Landlord:  County of Cook 

 

Tenant:  United States Postal Service 

 

Location:  West side of 25th Avenue, south of North Avenue, adjacent to USPS facility at 1824 N. 25th Avenue, Melrose Park, IL 60160 

 

Term/Extension Period:  2/1/2022-1/31/2027  

 

Space Occupied:  Approx. 1,314 square feet of land area 

 

Monthly Rent:  $2000.00 Annually for a Five-Year Term

 

Fiscal Impact:  Revenue Generating  

 

Accounts:  N/A

 

Option to Renew:  One (1), Five (5) Year Renewal Option

 

Termination:  By Landlord with a 180-day prior written notice  

 

Utilities Included:  N/A 

 

Summary/Notes:  Requesting approval of a new Lease Agreement between the County of Cook, as Landlord, and the United States Postal Service as Tenant, for use of a portion of vacant land owned by the County along the west side of 25th Avenue, south of North Avenue in Melrose Park, Illinois. This agreement replaces a previous agreement held by the two parties.

 

The United States Postal Service will use the premises for parking area for their postal facility located at 1824 N 25th Ave, Melrose Park, IL. 

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