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Record #: O2015-6413   
Type: Ordinance Status: Passed
Intro date: 9/24/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 11/18/2015
Title: Lease agreement with Montclare Senior Residences SLF of Lawndale LLC for use of property at 4340 W 18th Pl
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Lease
Attachments: 1. O2015-6413.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR

September 24, 2015










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 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: On behalf of the City of Chicago as Landlord, the Commissioner of the Department of Fleet and Facility Management is authorized to execute a Lease with the Montclare Senior Residences SLF of Lawndale, LLC, as Tenant, for use of City owned property located at 4340 West 18th Place; such Lease to be approved by the Commissioner of the Department of Planning and Development, and approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 20327

- ----- LEASE

THIS LEASE is made and entered into this day of , 2015,
("Commencement Date") by and between the CITY OF CHICAGO, an Illinois Municipal Corporation and Home Rule Unit of Government (hereinafter' referred to as "Landlord" or "City") and MONTCLARE SENIOR RESIDENCES SLF OF LAWNDALE, LLC, an Illinois limited liability company (hereinafter referred to as "Tenant").


RECITALS

WHEREAS, Landlord is the owner of the vacant lot located at 4340 West 18th Place, Chicago, Cook County, Illinois (the "Premises"), which has no present municipal use; and

WHEREAS, Tenant is planning to develop a low income senior residence (the "Project") on the vacant lot adjacent to the Premises located at 4339 West 18th Place (the "Development Parcel"); and

WHEREAS, Tenant wishes to use the Premises for construction staging and parking for construction personnel during the construction of the Project on the adjacent lot.

NOW THEREFORE, in consideration of the covenants, terms, and conditions set forth herein,...

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