Office of the City Clerk - Record #: O2020-168

• Record #: O2020-168
• Type: Ordinance
• Status: Passed
• Intro date: 1/15/2020
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 2/19/2020
• Title: First amendment to lease agreement with 571 West Polk LLC for use parking spaces within City-owned parking lot at 800 S Desplaines St
• Sponsors: Lightfoot, Lori E.
• Topic: AGREEMENTS - Lease

Date	Journal Page Number	Action By	Action	Result
2/19/2020	14049	City Council	Passed	Pass
2/11/2020		Committee on Housing and Real Estate	Recommended to Pass
1/15/2020	12816	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

January 15, 2020










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


Ladies and Gentlemen:

At the request of the Commissioner of Assets, Information, and Services, I transmit herewith an ordinance authorizing execution of a lease agreement with 571 West Polk, LLC.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours,

ORDINANCE


BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:


SECTION 1: On behalf of the City of Chicago as Landlord, the Commissioner of the Department of Fleet and Facility Management is authorized to execute an Amendment for the renewal of a Lease Agreement with 571 W. Polk, LLC, as Tenant, for use of 25 parking spaces within a City-owned parking lot located at 800 South Des Plaines Street; such Lease Agreement to be approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 20190

FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE (this "First Amendment") is made and
entered into this day of , 2020, by and between the CITY OF CHICAGO, an
Illinois municipal corporation and home rule unit of government ("Landlord") and 571 W. POLK, LLC, an Illinois limited liability company ("Tenant").

RECITALS
WHEREAS, Landlord and Tenant are parties to that certain Lease No. 20190 dated March 31, 2014 (the "Lease"), to permit Tenant to use approximately 4,050 square feet of the lot located at 800 South Des Plaines Street for access to 25 parking spaces (spaces 6 through 13 and 64 through 80 - the "Premises") as delineated in the Lease to be used by Tenant Mondays through Fridays for parking for employees of property owned by Tenant at 571 West Polk Street and not as general public parking; and
WHEREAS, the Term of the Lease expired on December 31, 2018, and Tenant has been holding over in accordance with the terms of Section 10.1 of the Lease, and Tenant wishes to continue its occupanc...