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This record contains private information, which has been redacted from public viewing.
Record #: O2017-8791   
Type: Ordinance Status: Passed
Intro date: 12/13/2017 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 1/17/2018
Title: Lease agreement with Northtown Apartments, LP for use of building space at 6800 N Western Ave as Chicago Public Library Northtown branch
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Lease
Attachments: 1. O2017-8791.pdf, 2. O2017-8791 (V1).pdf
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, and such other supporting documents as may be necessary or appropriate to carry out and comply with the provisions of the Lease (including, but not limited to, a subordination non-disturbance and attornment agreement), with Northtown Apartments, LP, as Landlord, for use of building space located at 6800 North Western Avenue by the Chicago Public Library as the Northtown Branch Library; such Lease to be approved by the Commissioner of the Chicago Public Library, the President of the Chicago Public Library Board of Directors, and approved as to form and legality by the Corporation Counsel in substantially the following form:
6800 North Western Avenue
Chicago Public Library - Northtown Branch

SECTION 2: This Ordinance shall be effective from and after the date of its passage and approval.
LEASE NO.



LEASE

THIS LEASE is made and entered into this day of December, 2017 (the
"Commencement Date"), by and between NORTHTOWN APARTMENTS LP, an Illinois limited partnership, with a principal place of business located at 566 W. Lake Street, Suite 400, Chicago, Illinois 60661 (hereinafter referred to as "Landlord") and the CITY OF CHICAGO, an Illinois municipal corporation and home rule unit of government (hereinafter referred to as "City" or "Tenant").

RECITALS

WHEREAS, Landlord is the owner of the leasehold estate generally located at as 6800-6824 N. Western Avenue, Chicago, Cook County, Illinois (the "Property"); and

WHEREAS, Landlord has agreed to lease to Tenant, and Tenant has agreed to lease from Landlord, (a) approximately 18,951 square feet of commercial space in the Building to be developed at the Property, which space is to be used by the Chicago Public Library as its Northtown Branch Library (the "Library"), and (b) an on-site parking...

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