Title
University of Illinois Extension - Master Gardener Lease Agreement
History
As you know, the University of Illinois Extension Master Gardener Program was offered 618 square feet of space in the Cultural Center building, located at 14750 Park Lane. Attached for your consideration is the lease agreement. The agreement provides for a lease term of one (1) year at an annual rent rate of twelve dollars ($12.00). At any time during the Lease Term, the Village may terminate this Lease Agreement effective three (3) months following written notice form Landlord to Tenant.
As a reminder, the Master Gardener program has agreed, in exchange for the space, to partner with the Village as outlined in the attached Partnership Agreement. At minimum, the agreement will benefit the Village in the following ways:
- Potential Master Gardener workshops for residents
- The Master Gardeners will contribute 2-3 times per year to the Village Newsletter
- Bring additional U of I Extension Programs to the community
- The Master Gardeners will collaborate with the Parks, Recreation, & Environmental Initiatives Committee as needed
Financial Impact
Revenue of $12.00 per year for one (1) year.
Recommended Action/Motion
I move to approve a lease agreement with the Board of Trustees of the University of Illinois
And
To authorize the Village Manager to execute the agreement.