RAHM EMANUEL MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO
June 8,2011
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of General Services, I transmit herewith ordinances authorizing the execution of lease agreements.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours,
Mayor
ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1: The Commissioner of the Department of General Services is authorized to execute on behalf of the City of Chicago, as Landlord, a Lease with Clear Channel Outdoor, Inc., as Tenant, for approximately 3,000 square feet of vacant land located at 1956 North Ashland Avenue for use as outdoor advertising; such Lease to be approved as to form and legality by the Corporation Counsel in substantially the following form:
1956 North Ashland Avenue Clear Channel Outdoor, Inc. Cease No. 20229
SECTION 2: This Ordinance shall be effective from and after the date of its passage
and approval.
LEASE NO. 20229
LEASE
THIS LEASE is made and entered into this_day of_, 2011,
by and between, THE CITY OF CHICAGO, a municipal corporation and home rule unit of government (herein referred to as "Landlord") and CLEAR CHANNEL OUTDOOR, INC., a Delaware business corporation (hereinafter referred to as "Tenant").
RECITALS
WHEREAS, Landlord is the owner of the premises more commonly known as 1956 North Ashland Avenue, Chicago, Cook County, Illinois; and
WHEREAS, the property located at 1956 North Ashland Avenue'has no present municipal use for Landlord; and
NOW THEREFORE, in consideration of the covenants, terms and conditions set forth herein, the parties hereto agree and covenant as follows:
SECTION 1. GRANT
Landlord hereby leases to Tenant the following described premises situated in the City of Chicago, County of Cook, State of Illinois, to wit:
WHEREAS, Landlord has agreed to lease to Tenant, and Tenant has agreed to lease from Landlord approxi...
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