File #: 23-4088    Version: 1 Name: Commissioner Stamps District Office Lease
Type: Lease Agreement Status: Approved
File created: 7/13/2023 In control: Board of Commissioners
On agenda: 7/20/2023 Final action: 7/20/2023
Title: PROPOSED LEASE AGREEMENT Department: Department of Real Estate Management Request: Request to Approve New Lease Agreement Landlord: Ringer Investments, LLC Tenant: County of Cook, for the use of Commissioner Tara Stamps' 1st District Office Location: 6614 W. North Avenue, Chicago, Illinois 60707 Term/Extension Period: 8/1/2023 - 11/30/2026 Space Occupied: Approximately 1,100 Square Feet Monthly Rent: $1,833.33, with 3% annual increases Fiscal Impact: $76,013.13 Accounts: 11000.1081.14040.550130 Option to Renew: N/A Termination: Allowable with sixty (60) days' written notice Utilities Included: Utilities and Common Area Maintenance to be Paid by Tenant Summary/Notes: Requesting approval of a Lease Agreement at 6614 W. North Avenue Chicago, IL 60707 for the use of Commissioner Tara Stamps' 1st District Office.
Indexes: QUINCE BRINKLEY, Director, Real Estate Management

title

PROPOSED LEASE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  Request to Approve New Lease Agreement

 

Landlord:  Ringer Investments, LLC 

 

Tenant:  County of Cook, for the use of Commissioner Tara Stamps’ 1st District Office 

 

Location:  6614 W. North Avenue, Chicago, Illinois 60707  

 

Term/Extension Period:  8/1/2023 - 11/30/2026 

 

Space Occupied:  Approximately 1,100 Square Feet  

 

Monthly Rent:  $1,833.33, with 3% annual increases

 

Fiscal Impact:  $76,013.13 

 

Accounts:  11000.1081.14040.550130   

 

Option to Renew:  N/A 

 

Termination:  Allowable with sixty (60) days’ written notice 

 

Utilities Included:  Utilities and Common Area Maintenance to be Paid by Tenant 

 

Summary/Notes:  Requesting approval of a Lease Agreement at 6614 W. North Avenue Chicago, IL 60707 for the use of Commissioner Tara Stamps’ 1st District Office.

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