File #: 23-0807    Version: 1 Name: Commissioner Degnen District Office Lease Amendment Placeholder
Type: Lease Agreement Status: Approved
File created: 1/3/2023 In control: Board of Commissioners
On agenda: 1/26/2023 Final action: 1/26/2023
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request to Approve Lease Agreement Landlord: Mega Realty LLC Tenant: Cook County, for the use of Commissioner Bridget Degnen's 12th District Office Location: 4547 N. Milwaukee Avenue, Chicago, Illinois 60641 Term/Extension Period: 02/01/2023-11/30/2026 Space Occupied: Approximately 1,221 square feet Monthly Rent: $1,700.00 with escalation of $50 per month on an annual basis Fiscal Impact: FY 2023-2026 $81,800 (total for term of lease) Accounts: 11000.1092.20440.550130 Option to Renew: N/A Termination: Allowable with sixty (60) days notice Utilities Included: Includes water and gas. Electric paid separately. Summary/Notes: Requesting approval of a Lease Agreement at 4347 N. Milwaukee Ave, Chicago, IL 60641 for the use of Commissioner Bridget Degnen's 12th District Office.
Indexes: ELIZABETH GRANATO, Chief, Bureau of Asset Management

title

PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  Request to Approve Lease Agreement

 

Landlord:  Mega Realty LLC

 

Tenant:  Cook County, for the use of Commissioner Bridget Degnen’s 12th District Office 

 

Location:  4547 N. Milwaukee Avenue, Chicago, Illinois 60641  

 

Term/Extension Period:  02/01/2023-11/30/2026 

 

Space Occupied:  Approximately 1,221 square feet  

 

Monthly Rent:  $1,700.00 with escalation of $50 per month on an annual basis

 

Fiscal Impact:  FY 2023-2026 $81,800 (total for term of lease)

 

Accounts:  11000.1092.20440.550130  

 

Option to Renew:  N/A

 

Termination:  Allowable with sixty (60) days notice  

 

Utilities Included:  Includes water and gas. Electric paid separately. 

 

Summary/Notes:  Requesting approval of a Lease Agreement at 4347 N. Milwaukee Ave, Chicago, IL 60641 for the use of Commissioner Bridget Degnen’s 12th District Office. 

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