title
PROPOSED INTERGOVERNMENTAL AGREEMENT AMENDMENT (REAL ESTATE)
Department: Department of Real Estate Management
Landlord: County of Cook
Tenant: State of Illinois Department of Central Management Services
Request: Request to Approve First Amendment to Intergovernmental Agreement
Location: 69 West Washington, 35th Floor
Agreement Period: 9/1/2022-8/31/20232027
Termination: N/A
Space Occupied: 21,204 square feet
Fiscal Impact: Revenue Generating
Accounts: N/A
Summary: Requesting approval of a First Amendment to the Intergovernmental Agreement between the County of Cook, a body politic and corporate, as Landlord, and the State of Illinois, Department of Central Management Services, as Tenant to Lease office space on the entire 35th floor, which would extend the term from September 1, 2022 to August 31, 2027 and, amending the Base Rent to incorporate a schedule setting out the Tenant Alterations of Additional Rent of $605,787.83 amortized over 60 months at an annual interest rate of 6.5%, to be paid monthly for the lease of 21,204 square feet located at the George W. Dunne Office Building, 69 W. Washington Street, Chicago, Illinois.
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