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PROPOSED LEASE AGREEMENT
Department: Department of Real Estate Management
Request: Requesting approval to enter into a lease agreement
Landlord: Sauk Village
Tenant: Cook County, for use by the Restorative Justice Community Court
Location: 2700 Kavelage Drive, Sauk Village, Illinois 6041
Term/Extension Period: Dates of lease term or extension period
Space Occupied: Large open space: 2,000 rsf, Office space: 179 rsf, Kitchen: 267 rsf, Northside open space: 392 rsf, Northside bathroom: 32 rsf, Northside bathroom #2: 32 rsf
Monthly Rent: 2/1/2024 - 1/31/2025 $2,000.00, 2/1/2025 - 1/31/2026 $2,060.00, 2/1/2026 - 1/31/2027 $2,121.80
Lease Year Annual Rent Monthly Rent
4/1/2024 - 3/31/2025 $24,000.00 $2,000.00
4/1/2025 -3/31/2026 $24,720.00 $2,060.00
4/1/2026 - 3/31/2027 $25,461.60 $2,121.80
Total: $74,181.60
Fiscal Impact: $74,181.60
Accounts: 11100.1300.14185.550130.00000.00000
Option to Renew: Option to renew for three (3) additional one (1) year term Sixty ("60") days before the Expiration Date of the Lease, the Landlord and the Tenant may agree in writing to renew this Lease, subject to the terms and conditions agreed to by both Parties
Termination: N/A
Utilities Included: Yes
Summary/Notes: Requesting approval to enter into a lease agreement between the Village of Sauk Village, as Landlord, and Cook County, a body corporate and politic (Tenant), for use by the Restorative Justice Community Court, to lease approximately 2,902 rentable square feet of office space, in the building, located at 2700 Kavelage Drive, Sauk Village, IL. 60411, for the purpose of conducting the business of the Restorative Justice Community Court, operated by the Circuit Court of Cook County.
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