title
PROPOSED LEASE AMENDMENT
Department: Department of Real Estate Management
Request: Request to Approve Lease Amendment
Landlord: Imperial Realty Company, as agent for Klairmont Investments, LLC
Tenant: County of Cook, for the use of Cook County Health
Location: 600 Holiday Plaza, Matteson Illinois 60443
Term/Extension Period: 12/1/2022 - 3/31/2029
Space Occupied: 1,057 sq. ft., with additional use of common area
Monthly Rent:
Term Monthly Annual
December 1, 2022 - March 31, 2023 $1,123.02 $4,492.08
April 1, 2023-March 31, 2024 $1,145.48 $13,745.76
April 1, 2024 - March 31, 2025 $1,168.39 $14,020.68
April 1, 2025 - March 31, 2026 $1,191.76 $14,301.12
April 1, 2026 - March 31, 2027 $1,215.60 $14,587.20
April 1, 2027 - March 31, 2028 $1,239.91 $14,878.92
April 1, 2028 - March 31, 2029 $1,264.71 $15,176.52
Fiscal Impact: FY 2023-2029 $91,202.28 (term of lease)
Accounts: 41220.4895.17995.550130 Account
Option to Renew: N/A
Termination: Allowable with sixty (60) day notice.
Utilities Included: Includes Heat, AC, Water and Sewer. Electricity paid by tenant.
Summary: Summarize the lease amendment and any additional responsibilities of the County and the other parties here.
end