Office of the City Clerk - Record #: O2014-1144

• Record #: O2014-1144
• Type: Ordinance
• Status: Passed
• Intro date: 2/5/2014
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 3/5/2014
• Title: Lease agreement with Metropolitan Pier and Exposition Authority for access to City-owned property at 3050 S Cottage Grove Ave
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Lease

Date	Journal Page Number	Action By	Action	Result
3/5/2014	75794	City Council	Passed	Pass
2/25/2014		Committee on Housing and Real Estate	Recommended to Pass	Pass
2/5/2014	73590	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
February 5, 2014










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Commissioner of Fleet and Facility Management, I transmit herewith ordinances authorizing the execution of lease and license agreements.

Your favorable consideration of these ordinances will be appreciated.

Mayor

Very truly yours,
ORDINANCE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1: The Commissioner of the Department of Fleet and Facility Management is authorized to execute on behalf of the City of Chicago, as Landlord, a Lease with the Metropolitan Pier and Exposition Authority, as Tenant, governing the Metropolitan Pier and Exposition Authority's access to vacant City-owned owned land located at 3050 South Cottage Grove Avenue for use as outdoor bus storage; such Lease to be approved as to form and legality by the Corporation Counsel in substantially the following form:
3050 South Cottage Grove Avenue Metropolitan Pier and Exposition Authority Lease No. 20307

SECTION 2: This Ordinance shall be effective from and after the date of its passage and approval.
LEASE NO. 20307

LEASE AGREEMENT

THIS LEASE AGREEMENT (the "Agreement") is made and entered into this
day of 2014 (the "Commencement Date"), by and between the CITY OF
CHICAGO, an Illinois Municipal Corporation and Home Rule of Government (the "City") and METROPOLITAN PIER AND EXPOSITION AUTHORITY, a political subdivision of the State of Illinois, unit of local government, body politic and municipal corporation (the "MPEA").

RECITALS

WHEREAS, City is the owner of a vacant parking lot of approximately 79,000 square feet located at 3050 South Cottage Grove Avenue, Chicago, Cook County, Illinois (the "Premises"); and

WHEREAS, the Premises have no present municipal use; and

WHEREAS, MPEA owns McCormick Place®, a premier facility for tradeshows, conventions, and other gatherings; and

WHEREAS...