| Addresses Associated with this Lease |
| Address | City, State, Zip | Property Name | Long Name | Address Detail |
|
3400 N Austin Ave
|
Chicago IL 60634
|
Chicago Academy Elementary, Chicago Academy High School
|
Chicago Academy Elementary School, Chicago Academy High School
|
View
|
|
|
| Description: |
CPS use of City Colleges of Chicago Wright Campus South
|
| Lease or License Type: |
Board as tenant
|
| Lessor or Licensor: |
City Colleges of Chicago
|
| Lessee or Licensee: |
CPS
|
| Board Report: |
16-0525-OP2
|
| Effective Date: |
07/01/2016
|
| Termination Date: |
06/30/2021
|
| Annual Rent: |
See below schedule, 3% increase annually
|
| Maintenance: |
CPS and CCC respectively
|
| Capital Improvements |
CCC
|
| Utilities: |
Proportional share
|
| Other Expenses: |
|
| Notes |
Rent Schedule:
FY 2016-2017 - $718,750/annual, $59,895.83/month
FY 2017-2018 - $740,312.50/annual, $61,692.70/month
FY 2018-2019 - $762,521.87/annual, $63,543.48/month
FY 2019-2020 - $785,397.53/annual, $65,449.91/month
FY 2020-2021 - $808,959.45/annual, $67,413.28/month
|
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