Renewal entered into with:
Lessor: Shephard, Chuck J.
Renewal: 1st of 1, 9/29/2016 through 6/30/2021
Potential Future Renewals:
Comments: In accordance with 30ILCS500/40-25(b), Northern Illinois University wishes to execute the option to renew its lease at 215 N. 4th. Street, DeKalb, IL 60115, which was procured by RFI BJM120834. The option to renew is for one five (5) year term. The rental rate is $7.08 per square foot for years one through three and $7.29 per square foot for years four and five. The lease rate is a gross amount.
Lease was awarded to Charles J. Shepard and Lynn A. Shepard. Award was published April 6, 2011. Lease term began on July 1, 2011 until June 30, 2016; was extended via emergency purchase until September 28, 2016; and will be extended until June 30, 2021 pursuant to the most recent renewal. The lease includes one (1), five (5) year renewal option.
The buyer for this procurement is now Kent Clapsaddle, (815) 753-6107.
The State Purchasing Officer for this procurement is now Pamela Amoako.
The University award process may be delayed up to thirty days as this award goes through a state approval process.