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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: Request to Approve Lease Agreement
Landlord: County of Cook, a body politic and corporate
Tenant: The Chicago Furniture Bank, Incorporated
Location: 4545 W. Cermak Road, Chicago, Illinois 60623
Term/Extension Period: 6/1/2023 - 5/31/2024
Space Occupied: Approximately 2,995 Square Feet
Monthly Rent: $1.00 per year
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: One (1) year option to renew
Termination: Ten (10) Days Written Notice
Utilities Included: N/A
Summary/Notes: Requesting approval of a lease agreement between the County of Cook, a body politic and corporate as Landlord, and The Chicago Furniture Bank, a Delaware based Not-For-Profit as Tenant, for the use of approximately 2,995 sq. ft. of building area in the property located at 4545 W. Cermak Rd, Chicago, IL 60623 as well as the use of 5 (five) parking spaces for the parking of semi-trailers.
The Chicago Furniture Bank will use the premises for storage space and parking by Tenant in order to provide furniture to those coming out of homelessness.
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