Title
University of Illinois Extension - Master Gardener Lease Agreement Extension
History
As you know, the University of Illinois Extension Master Gardener Program is currently leasing 618 square feet of space in the Cultural Center building, located at 14750 Park Lane. The lease period is from November 1, 2010 thru October 31, 2011 at an annual rent rate of twelve dollars ($12.00). The Master Gardener program is requesting a two year extension on the lease agreement. 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 to expand access to research based information through the Master Gardener Volunteer program; answer homeowner gardening questions; participate in potential workshops for residents; contribute to village publications, as well as provide additional benefits to our residents.
Financial Impact
Revenue of $12.00 per year for two (2) years.
Recommended Action/Motion
I move to approve a lease agreement extension with the Board of Trustees of the University of Illinois
And
To authorize the Village Manager to execute the agreement.