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This record contains private information, which has been redacted from public viewing.
Record #: O2021-3262   
Type: Ordinance Status: Passed
Intro date: 7/21/2021 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 9/14/2021
Title: Eighth amendment to lease agreement with Chicago 103rd St LLC for City's continued use of property at 900 E 103rd St
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Lease
Attachments: 1. O2021-3262.pdf
OFFICE OF THE MAVOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

July 21,2021










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


Ladies and Gentlemen:

At the request ofthe Commissioner of Assets, Information and Services, I transmit herewith an ordinance authorizing the execution of a renewal lease agreement with Chicago 103rd Street LLC.

Your favorable consideration of this ordinance will be appreciated.


Very truly your

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 Assets, Information & Services is authorized to execute an Eighth Lease Amendment with Chicago 103rd Street, LLC, as Landlord, for continued use of property located at 900 East 103rd Street; such Lease Agreement to be approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 10351

EIGHTH AMENDMENT TO LEASE
THIS EIGHTH AMENDMENT TO LEASE (this "Eighth Amendment") is dated as of the June 7, 2021, dated for reference purposes only, by and between CHICAGO 103RD STREET, LLC, a Delaware limited liability company ("Landlord") and CITY OF CHICAGO, an Illinois municipal corporation and home rule unit of government ("Tenant").

RECITALS

WHEREAS, CJF1 LLC (the "Original Landlord") and Tenant entered into that certain lease dated December 13, 2007 and known as Lease No. 13051 (the "Lease Agreement"); and

WHEREAS, the Lease Agreement was amended by that certain Lease Amendment dated January 31, 2008 (the "First Amendment"), that certain Second Lease Amendment dated December 1, 2008 (the "Second Amendment"), that certain Third Lease Amendment dated March 4, 2011 (the "Third Amendment"), that certain Fourth Lease Amendment dated December 12, 2014 (the "Fourth Amendment"), that certain Fifth Lease Amendment dated June 4, 2015 (the "Fifth Amendment"), that certain Sixth Lease Amendment dated October 6, 2017 (the "Sixth Amendment")...

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