File #: 23-1397    Version: 1 Name: Commissioner Trevor District Office Lease
Type: Lease Agreement Status: Approved
File created: 2/6/2023 In control: Board of Commissioners
On agenda: 2/9/2023 Final action: 2/9/2023
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request to Approve Lease Agreement Landlord: Beta Properties LLC Tenant: County of Cook, for the use of Commissioner Maggie Trevor's 9th District Office Location: 220 A Campbell Avenue, Arlington Heights, IL 60005 Term/Extension Period: 03/01/2023-11/30/2026 Space Occupied: Approximately 700 square feet Monthly Rent: $1,950.00 (increasing by 3% annually for length of term) Fiscal Impact: FY 2023-2026 $89,373.56 (term of lease) Accounts: 11000.1089.16400.550130.00000.00000 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 220-A Campbell Avenue, Arlington Heights, IL 60005 for the use of Commissioner Maggie Trevor's 9th 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:  Beta Properties LLC  

 

Tenant:  County of Cook, for the use of Commissioner Maggie Trevor’s 9th District Office 

 

Location:  220 A Campbell Avenue, Arlington Heights, IL 60005  

 

Term/Extension Period:  03/01/2023-11/30/2026 

 

Space Occupied:  Approximately 700 square feet  

 

Monthly Rent:  $1,950.00 (increasing by 3% annually for length of term)

 

Fiscal Impact:  FY 2023-2026 $89,373.56 (term of lease)  

 

Accounts:  11000.1089.16400.550130.00000.00000 

 

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 220-A Campbell Avenue, Arlington Heights, IL 60005 for the use of Commissioner Maggie Trevor’s 9th District Office. 

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