| Addresses Associated with this Lease |
| Address | City, State, Zip | Property Name | Long Name | Address Detail |
|
3625 S Hoyne Ave
|
Chicago IL 60609
|
Thomas Early Childhood Center
|
Velma F Thomas Early Childhood Center
|
View
|
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|
| Lease Information |
| Description: |
Velma Thomas ECC at St. Maurice
|
| Lease or License Type: |
Lease
|
| Lessor or Licensor: |
Archdiocese
|
| Lessee or Licensee: |
CPS
|
| Board Report: |
24-1212-OP1
|
| Effective Date: |
07/01/2025
|
| Termination Date: |
06/30/2035
|
| Annual Rent: |
See below
|
| Maintenance: |
CPS
|
| Capital Improvements |
CPS
|
| Utilities: |
CPS
|
| Other Expenses: |
Air Conditioning
|
| Notes |
Base rent:
7/1/2025-6/30/2026 - $150,002.96; $12,500.24/mo
7/1/2026-6/30/2027 - $155,253.07; $12,937.75/mo
7/1/2027-6/30/2028 - $160,686.93; $13,390.57/mo
7/1/2028-6/30/2029 - $166,310.97; $13,859.24/mo
7/1/2029-6/30/2030 - $172,131.85; $14,344.32/mo
7/1/2030-6/30/2031 - $178,156.47; $14,846.37/mo
7/1/2031-6/30/2032 - $184,391.94; $15,365.99/mo
7/1/2032-6/30/2033 - $190,845.66; $15,903.80/mo
7/1/2033-6/30/2034 - $197,525.26; $16,460.43/mo
7/1/2034-6/30/2035 - $204,438.64; $17,036.55/mo
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