Office of the City Clerk - Record #: O2017-4903

• Record #: O2017-4903
• Type: Ordinance
• Status: Passed
• Intro date: 6/28/2017
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 7/26/2017
• Title: Lease agreement with The Purpose Foundation at 450 E 47th St for use as sculpture garden
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Lease

Date	Journal Page Number	Action By	Action	Result
7/26/2017	53417	City Council	Passed	Pass
7/12/2017		Committee on Housing and Real Estate	Recommended to Pass	Pass
6/28/2017	50406	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
June 28, 2017










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 an ordinance authorizing the execution of a lease agreement regarding property located at 450 East 47th Street.

Your favorable consideration of this ordinance 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 Purpose Foundation, as Tenant, for use of the property located at 450 East 47th Street as a sculpture garden; such Lease to be approved as to form and legality by the Corporation Counsel in substantially the following form:
450 East 47th Street Lease No. 20342
SECTION 2: This Ordinance shall be effective from and after the date of its passage and approval.
LEASE NO. 20342

LEASE

THIS LEASE (the "Lease") is made and entered into this day of
, 2017 by and between, the CITY OF CHICAGO, an Illinois municipal
corporation and home rule unit of government, acting by and through its Department of Fleet and Facility Management, and having its principal offices at 121 N. LaSalle Street, Chicago, IL 60602, (herein referred to as "City" or "Landlord"), and THE PURPOSE FOUNDATION, INC., an Illinois not-for-profit corporation, having its principal office at 46 East 26lh Street, Chicago, IL 60616 (hereinafter referred to as "Tenant").

RECITALS

WHEREAS, Landlord is the owner of the real property located at 450 East 47th Street, Chicago, Illinois, 60616, consisting of 2,887.5 square feet of vacant land as legally described on Exhibit A and depicted on Exhibit B attached hereto,(the "Premises"),; and

WHEREAS, Tenant seeks to install a sculpture garden on the Premises; and

WHEREA...