Proposed Lease Amendment Department: Department Of Real Estate Management Request: Request To Extend Lease Agreement Landlord: 500-508 North Clark Llc Tenant: County Of Cook, On Behalf Of The Cook County Sheriff’s Office Location: 500 N. Clark Street, Chi

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Proposed Lease Amendment Department: Department Of Real Estate Management Request: Request To Extend Lease Agreement Landlord: 500-508 North Clark Llc Tenant: County Of Cook, On Behalf Of The Cook County Sheriff’s Office Location: 500 N. Clark Street, Chicago, Illinois 60654 Term/Extension Period: 12/1/2024 - 11/30/2025 Space Occupied: 1,580 Square Feet In Suite 200N Monthly Rent: None Fiscal Impact: None Accounts: N/A Option To Renew: N/A Termination: Tenant May Terminate, For Any Reason, Upon Providing Landlord Thirty (30) Days Written Notice, Specifying Effective Date. Utilities Included: Tenant Shall Continue To Pay Utilities That Are Separately Metered To The Premises, Which Include Electricity For Lights, Gas, Heat And Air-Conditioning, And Outlets. Summary: The Department Of Real Estate Management (Drem) Requests Approval To Extend The Lease Agreement Between 500-508 North Clark, Llc, An Illinois Limited Liability Company ("Landlord") And The County Of Cook, A Body Politic And Corporate Of The State Of Illinois ("Tenant"), On Behalf Of The Cook County Sheriff’s Office. The Initial Lease Term Is Two (2) Years And Eleven (11) Months, (January 1, 2022 To November 30, 2024), For Approximately 1,580 Rentable Square Feet, Suite 200N, Located At 500 N. Clark Street. The Cook County Sheriff's Office Shall Continue To Occupy And Use The Premises For General Office Purposes, Throughout The Extension Period Of December 1, 2024 To November 30, 2025. End

AI Summary: The bill proposes an amendment to extend a lease agreement between the Department of Real Estate Management and 500-508 North Clark LLC for a property in Chicago, Illinois. The lease extension covers a period from December 1, 2024, to November 30, 2025, for a space of 1,580 square feet occupied by the Cook County Sheriff's Office. The tenant has the option to terminate the lease with a thirty-day notice. Utilities like electricity, gas, heat, and air-conditioning will continue to be paid by the tenant. The purpose is to allow the Cook County Sheriff's Office to use the premises for general office purposes during the extension period without any fiscal impact or monthly rent changes.

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9/19/2024 : Board Of Commissioners

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