Lake County, IL
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File #: 20-0717    Version: 1 Name: Parking Garage C Temporary Lease
Type: resolution Status: Passed
File created: 5/21/2020 In control: Financial & Administrative Committee
On agenda: Final action: 6/9/2020
Title: Resolution authorizing a temporary lease amendment with City of Waukegan for the 300 additional parking spaces located at 225 N. County Street, Waukegan, Illinois, in parking garage C for a monthly amount of $15,000.
Attachments: 1. Second Amendment Parking Agreement.pdf

Title

Resolution authorizing a temporary lease amendment with City of Waukegan for the 300 additional parking spaces located at 225 N. County Street, Waukegan, Illinois, in parking garage C for a monthly amount of $15,000.

 

Staff Summary

                     Lake County currently leases 100 parking spaces at a rate of $3,250 per month.

                     The City of Waukegan has agreed to provide 300 additional spaces to the County at a rate of $50 per parking space, a total of $15,000 per month, in its Garage C parking lot.

                     This resolution authorizes the County Board Chair to execute a temporary lease amendment, effective from August 1, 2020 through November 30, 2020, to provide alternate parking while the Waukegan campus undergoes parking garage repairs.

 

Body

RESOLUTION

 

WHEREAS, the current lease agreement with the City of Waukegan, for 100 parking spaces located at 225 N. County Street, Waukegan, IL in parking garage C costs the County $3,250 monthly.

 

WHEREAS, the lease amendment shall allow the County to lease 300 additional parking spaces for a monthly cost of $15,000.

 

WHEREAS, the lease amendment is a temporary lease beginning August 1, 2020 through November 30, 2020 to accommodate the Waukegan campus parking garage repairs. 

 

NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the Chair of the Board be authorized to execute the attached lease amendment between City of Waukegan and the County.

DATED at Waukegan, Illinois, June 9, 2020.