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Record #: O2015-6205   
Type: Ordinance Status: Passed
Intro date: 7/29/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 9/24/2015
Title: Lease agreement with Chicago Title & Trust Company for use of building space at 1142 W Fullerton Ave and 1150 W Fullerton Ave by Chicago Public Library
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Lease
Attachments: 1. O2015-6205.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
July 29,2015










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


Ladies and Gentlemen:

At the request ofthe 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 Tenant, the Commissioner of the Department of Fleet and Facility Management is authorized to execute a Lease with Chicago Title & Trust Company, successor trustee to LaSalle National Trust, N.A. as Landlord for use of approximately 13,916 square feet of building space located at 1150 West Fullerton by the Chicago Public Library as the Lincoln Park Branch Library; such Lease to be approved by the Commissioner of the Chicago Public Library, the President ofthe Chicago Public Library Board of Directors, and approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 19042

LEASE

THIS LEASE is made and entered into as of the 1st day of January, 2015 (the "Commencement Date"), by and between CHICAGO TITLE LAND TRUST COMPANY, successor trustee to LaSalle National Trust, N.A., not individually but solely as Trustee under Trust Agreement dated August 27, 1992 and known as Trust No. 117434 ("Land Trustee") and DEPAUL UNIVERSITY, an Illinois not-for-profit corporation ("DePaul"; Land Trustee and DePaul are together hereinafter referred to as "Landlord") and the CITY OF CHICAGO, an Illinois Municipal Coiporation and Home Rule Unit of Government (hereinafter referred to as "Tenant").

RECITALS

WHEREAS, Land Trustee is the owner of the real property more commonly known as 1150 West Fullerton Avenue, Chicago, Cook County, Illinois as legally defined in Exhibit A (the "Land Trust Parcel") and the building thereon (th...

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