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ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1: On behalf of the City of Chicago as Tenant, the Commissioner of the Department of Fleet and Facility Management and the Commissioner of the Chicago Public Library are authorized to execute a Lease with the Board of Education of the City of Chicago governing the use of space located at 2111 West 47th Street by the Chicago Public Library and approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE
THIS LEASE is made and entered into this day of , 2013
(the "Effective Date"), by and between, THE BOARD OF EDUCATION OF THE CITY OF CHICAGO, a body politic and corporate (herein referred to as "Landlord") and, THE CITY OF CHICAGO, a municipal corporation and home rule unit of government (hereinafter referred to as "Tenant").
RECITALS
WHEREAS, the Public Building Commission of Chicago (the "PBC") has acquired the real property commonly known as 2111 West 47th Street, Chicago, Cook County, Illinois ("School Premises"); and
WHEREAS, the Public Building Commission of Chicago ("PBC") has constructed the Back of the Yards High School ("School") on the School Premises; and
WHEREAS, the Landlord is the beneficial owner of the School, and is in possession and control of the School; and
WHEREAS, Tenant does not have a Chicago Public Library Branch in the vicinity of the School Premises; and
WHEREAS, Landlord has agreed to lease to Tenant, and Tenant has agreed to lease from Landlord, the space within the School Premises that shall comprise a new Chicago Public Library branch, to be known as the "New Back of the Yards Library" and as depicted in Exhibit A attached hereto, for use and occupancy by the Tenant's Chicago Public Library subject to the schedule depicted in Exhibit B; and
WHEREAS, the PBC is not a party to this Lease; and
WHEREAS, the Illinois Intergovernmental Cooperation Act (5 ILCS 220 et. seq.) authorizes municipalities and other...
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