Title
Resolution authorizing the execution of a lease by the County Board Chair with 3740-3742 Hawthorne Owner LP, Dallas, Texas, for office and storage space to house and store election equipment at 3740-3742 Hawthorne Court, Waukegan, Illinois, in the estimated annual amount of $168,132.51.
Staff Summary
* Lake County currently leases 12,350 square feet at 415 Washington Street, Waukegan, Illinois, to house elections equipment and supplies for the Lake County Clerk.
* There is a need to terminate the existing lease agreement and move to a larger space that better meets the needs of the Lake County Clerk's Office.
* Lake County has negotiated favorable terms for a five-year lease which includes a 3.5 percent increase in lease payments for years 2026 through 2030.
* The total costs for the base rent are as follows: $107,777.25 for year one, $111,549.45 for year two, $115,453.68 for year three, $119,494.56 for year four, and $123,676.87 for year five for use as determined by the Lake County Clerk.
* In addition to the base rent the County will make a monthly operating payment that includes the County's share of the operating expenses as referenced in the lease Section 4. Additional rent; this payment is estimated to be $60,355.26 annually for 20,529 square feet of leased space that will go through a reconciliation process to true up the payment annually.
Body
RESOLUTION
WHEREAS, Lake County currently leases 12,350 square feet at 415 Washington Street, Waukegan, Illinois, to house elections equipment and supplies for the Lake County Clerk; and
WHEREAS, there is a need to terminate the existing lease agreement and move to a larger space that better meets the needs of the Lake County Clerk's Office; and
WHEREAS, Lake County has negotiated favorable terms for a five-year lease which includes a 3.5 percent increase in lease payments for years 2026 through 2030; and
WHEREAS, the total costs for the base rent are as follows: $107,777.25 for year one, $111,549.45...
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