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Record #: O2015-8860   
Type: Ordinance Status: Passed
Intro date: 12/9/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 3/29/2017
Title: Renewal of lease with Chicago Transit Authority for use of vacant City-owned property at 5975 N Pulaski Rd
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Lease
Attachments: 1. O2015-8860.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
December 9, 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.

Very truly yours,

Mayor
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 renewal with the Chicago Transit Authority, as Tenant, for use of a vacant City-owned property located at 5975 North Pulaski Road; such Lease to be approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 20026

LEASE

THIS LEASE is made and entered into this day of , 2016
("Commencement Date"), by and between the CITY OF CHICAGO, an Illinois municipal corporation and home rule unit of government (hereinafter referred to as "Landlord") and the CHICAGO TRANSIT AUTHORITY, a municipal corporation (hereinafter referred to as "Tenant").

RECITALS

WHEREAS, Landlord is the owner of the paved vacant land located at the southeast corner of West Peterson Avenue and North Pulaski Road (5975 North Pulaski Road), Chicago, Cook County, Illinois;

WHEREAS, Landlord has agreed to lease to Tenant, and Tenant has agreed to lease from Landlord such Premises to be used by Tenant as a bus turn-around;

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:

Beginning at the southeast corner of North Pulaski Road and West Peterson Avenue; thence east 100 feet; thence ...

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