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Record #: O2016-6084   
Type: Ordinance Status: Passed
Intro date: 7/20/2016 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 9/14/2016
Title: First amendment to lease agreement with Sweet Water Foundation regarding expansion of leased premises at 5700 S Lafayette Ave
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Lease
Attachments: 1. O2016-6084.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
July 20, 2016










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 Amendment with Sweetwater Foundation, as Tenant, to permit the expansion of the leased premises from approximately 63,639 square feet to 84,124.9 square feet for the property located at 5700 South Lafayette Avenue; such Lease to be approved by the Commissioner of the Department of Planning and Development as to form and legality by the Corporation Counsel in substantially the following form:
FIRST AMENDMENT TO LEASE


THIS FIRST AMENDMENT TO LEASE (this "First Amendment") is entered into as
of this day of , 2016, by and between the CITY OF CHICAGO, an Illinois municipal
corporation and home rule unit of government ("Landlord" or "City"), and SWEET WATER FOUNDATION, an Illinois not-for-profit corporation ("Tenant").

RECITALS
Landlord and Tenant entered into that certain Lease dated as of October 13, 2014 (the "Lease"), wherein Landlord leased to Tenant, and Tenant leased from Landlord, certain premises consisting of approximately 63,639 square feet of vacant land located at 5700 South Lafayette Avenue, Chicago, Illinois (the "Premises"), as more particularly described in the Lease.
Landlord and Tenant now desire to amend the Lease in certain respects, all as more specifically set forth below.

NOW THEREFORE, in consideration of the mutual covenants of the parties herein and other good and valuable consideration, the receipt and sufficiency...

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