ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1: On behalf of the City of Chicago, the Commissioner of the Department of Fleet and Facility Management is authorized to execute a Lease with Irving Sterling Venture, LLC, governing the City's use of property located at 3548 West Irving Park Road by the Chicago Public Library; such Lease to be approved by the Commissioner of the Chicago Public Library and approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 19007
LEASE
THIS LEASE is made and entered as of the day of 2013, by and
between IRVING STERLING VENTURE LLC, an Illinois limited liability company ("Irving"), CHICAGO TITLE LAND TRUST COMPANY not personally but solely as Trustee under a Trust Agreement dated March 28, 2005 and known as Trust Number 132968 ("Land Trust") and the CITY OF CHICAGO, an Illinois municipal corporation and home rule unit of local government (hereinafter referred to as "Tenant" or "City").
RECITALS
WHEREAS, Land Trust is the owner of the premises more commonly known as 3548 West Irving Park Road, Chicago, Cook County, Illinois; and
WHEREAS, Irving is the beneficiary of Land Trust; and
WHEREAS, Irving and Land Trust are collectively referred to in this Lease as "Landlord"; and
WHEREAS, Landlord has agreed to lease to Tenant, and Tenant has agreed to lease from Landlord approximately 8,888 square feet of ground floor space located at 3548 West Irving Park Road, Chicago, Illinois, to be used as the Independence Branch of the Chicago Public Library.
NOW THEREFORE, in consideration of the covenants, terms and conditions set forth herein, the parties hereto agree and covenant as follows:
SECTION 1. GRANT
Landlord hereby leases to Tenant the following described premises situated in the City of Chicago, County of Cook, State of Illinois, to wit:
Approximately 8,888 square feet of ground floor space located at 3548 West Irving Park Road, Chicago, Illi...
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