Lease Detail

Return to Lease List

Addresses Associated with this Lease
AddressCity, State, ZipProperty NameLong NameAddress Detail
3400 N Austin Ave Chicago IL 60634 Chicago Academy Elementary, Chicago Academy High School Chicago Academy Elementary School, Chicago Academy High School View
Lease Information
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
File Attachments