Title
Illinois State Archives Inter-Agency Agreement - Renewal
History
The Illinois State Archives leases 100 square feet of office space in the lower level of the Orland Park Village Hall.
Currently, their lease terms were for a 12 month lease commencing July 1, 2010 and terminating on June 30, 2011.
Staff is requesting to amend this current lease extending it for 3 years at a base rent payment of $1,008.00 per year.
Financial Impact
Revenue of $84.00 per month for 36 months with the option of extending for an additional 12 months.
Recommended Action/Motion
I move to amend the lease agreement with the Illinois State Archives to extend the term for a period of three additional years at a cost of $1,008.00 per year or $84.00 per month;
And
Approve the option to extend this lease agreement into a fourth year;
And
Authorize the Village Manager to execute the amendment.