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This record contains private information, which has been redacted from public viewing.
Record #: O2022-1997   
Type: Ordinance Status: Passed
Intro date: 6/22/2022 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 7/20/2022
Title: First amendment to lease agreement with DePaul University to extend use of space by Chicago Public Library at 1150 W Fullerton Ave
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Lease
Attachments: 1. O2022-1997.pdf
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OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR
June 22. 2022










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 ordinances authorizing the execution of lease agreements with various entities.

Your favorable consideration of these ordinances will be appreciated.

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 the First Amendment to a Lease Agreement with DePaul University, as Landlord, to extend the term of the Lease to permit the continued use of space within the building located at 1150 West Fullerton Avenue by the Chicago Public Library; such agreement to be approved as to form and legality by the Corporation Counsel in substantially the following form:
LEASE NO. 19042

FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE (this "First Amendment") is made and
entered into this day of , 2022, by and between the and CHICAGO TITLE
LAND TRUST COMPANY, successor trustee to LaSalle National Trust, N.A., not individually but solely as Trustee under Trust Agreement dated August 27, 1992 and known as Trust No. 117434 ("Land Trustee") and DEPAUL UNIVERSITY, an Illinois not-for-profit corporation ("DePaul"; Land Trustee and DePaul are together hereinafter referred to as "Landlord") and CITY OF CHICAGO, an Illinois municipal corporation and home rule unit of government ("Tenant").

RECITALS
WHEREAS, Landlord and Tenant are parties to that certain Lease No. 19042 dated January 1, 2015 (the "Lease"), to permit Tenant's use of the Demised Premises, consisting of approximately 13,916 square feet of space on the 1st floor of the Building located at 1150 West Fullerton Avenue, Chicago, Cook County, Illinois; and
WHEREAS, pursuant to the Le...

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