Office of the City Clerk - Record #: O2018-4236

• Record #: O2018-4236
• Type: Ordinance
• Status: Passed
• Intro date: 5/23/2018
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 6/27/2018
• Title: Renewal of lease agreement with 4150 Partnership for use of building space and parking lot at 4150 W 55th St by Department of Public Health
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Lease

Date	Journal Page Number	Action By	Action	Result
6/27/2018	80125	City Council	Passed	Pass
6/20/2018		Committee on Housing and Real Estate	Recommended to Pass
5/23/2018	77256	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
May 23,2018










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 an ordinance authorizing the execution of a lease renewal regarding property located at 4150 West 55th Street.

Your favorable consideration of this ordinance will be appreciated.

Mayor


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 Tenant, the Commissioner of the Department of Fleet and Facility Management is authorized to execute a Lease with 4150 Partnership, as Landlord, for use of approximately 16,070 square feet of building space and a 16,500 square foot parking lot, located at 4150 West 55th Street, by the Department of Public Health; such Lease to be approved by the Commissioner of the Department of Public Health, and approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 10035

LEASE

THIS LEASE is made and entered into this day of , 2018
(the "Effective Date"), by and between 4150 PARTNERSHIP, an Illinois general partnership as sole beneficiary of Marquette Bank successor trustee to Garfield Ridge Trust and Savings Bank under Trust Agreement dated June 1, 1988 and known as Trust #88-6-2 (the "Landlord") and the CITY OF CHICAGO, an Illinois municipal corporation and home rule unit of government (the "Tenant").

RECITALS

WHEREAS, Landlord is the owner of the premises more commonly known as 4150 West 55th Street, Chicago, Cook County, Illinois; and

WHEREAS, Landlord has agreed to lease to Tenant, and Tenant has agreed to lease from Landlord the entire building located at 4150 West 55th Street consisting of approximately 16,070 square feet of office space together with an adjoining parking lot consisting of approximately 16,500 square feet to be used by City of Chicago, Dep...