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Record #: O2015-1619   
Type: Ordinance Status: Passed
Intro date: 3/18/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 4/15/2015
Title: Amendment of lease agreement with Chicago 103rd Street LLC for use of garage/warehouse space at 900 East 103rd St
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Lease
Attachments: 1. O2015-1619.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
March 18,2015










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,
. I
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 Amendment with Chicago 103rd Street LLC as Landlord governing the use of approximately 225,499 square feet of garage/warehouse space and 7 acres of vacant land located at 900 East 103rd Street for use by the Department of Streets and Sanitation and the Department of Transportation; such Lease Amendment to be approved by the Commissioner of the Department of Streets and Sanitation and approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE AMENDMENT


This Fifth Amendment to Lease (the "Fifth Amendment"), is entered into as of this
Day of , 2015 (the "Effective Date"), by and between CHICAGO 103rd
STREET, LLC, a Delaware Limited Liability Company (the "Landlord"), and the CITY OF CHICAGO, an Illinois Municipal Corporation and Home Rule Unit of Government (the "Tenant" or "City").

RECITALS:

WHEREAS, CJF1 LLC (the "Original Landlord") and Tenant entered into that certain lease dated December 13, 2007 and known as Lease No. 13051 (the "Lease Agreement") for the Premises located at 900 East 103rd Street; and

WHEREAS, the Lease Agreement was amended by that certain Lease Amendment dated January 31, 2008 (the "First Amendment"), that certain Second Lease Amendment dated December 1, 2008 (the "Second Amendment"), that certain Third Lease Amendment dated March 4, 2011 (the "Third Amendment"), and that cer...

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