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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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