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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: Request to Approve Lease Agreement
Landlord: Finch & Barry Properties, LLC
Tenant: County of Cook, for the use of Commissioner Kevin Morrison’s 15th District Office
Location: 1325 Wiley Road, Suite 141, Schaumburg, Illinois 60173
Term/Extension Period: 12/1/2022-11/30/2026
Space Occupied: 1,110 square feet
Monthly Rent:
12/1/2022-11/30/2023 $1,516.00
12/1/2023-11/30/2024 $1,592.00
12/1/2024-11/30/2025 $1,703.00
12/1/2025-11/30/2026 $1,822.00
Fiscal Impact: FY 2023-2026 $79,596.00 (term of lease)
Accounts: 11000.1095.13915.550130.00000.00000
Option to Renew: N/A
Termination: By Tenant with ninety (90) days prior written notice
Utilities Included: Separately metered and paid by tenant
Summary/Notes: Requesting approval of a Lease at 1325 Wiley Road, Suite 141, Schaumburg, Illinois 60173 for the use of Commissioner Kevin Morrison’s 15th District Office
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