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Home My WebLink AboutRESOLUTION - 42-98 - 9/22/1998 - EXTENSION OF PARKING LEASE AGMTRESOLUTION NO. 42-98 A RESOLUTION AUTHORIZING THE VILLAGE PRESIDENT AND VILLAGE CLERK TO EXECUTE AN EXTENSION OF A PARKING LEASE AGREEMENT (RES.NO. 52-88 AND AMENDED BY RES. NO. 46-93) BETWEEN THE VILLAGE OF ELK GROVE VILLAGE AND COMMONWEALTH EDISON (666 LANDMEIER ROAD) NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois as follows: Section 1: That the Village President be and is hereby authorized to sign the attached documents marked: LEASE SUPPLEMENT NUMBER TWO a copy of which is attached hereto and made a part hereof as if fully set forth and the Village Clerk is authorized to attest said documents upon the signature of the Village President. Section 2: That this Resolution shall be in full force and effect from and after its passage and approval according to law. VOTE: AYES: 6 NAYS: 0 ABSENT: 0 PASSED this 22nd day of Sentemher 1 1998. APPROVED this 22nd day of September 1998. Craig B. Johnson Village President ATTEST: Patricia S. Smith Village Clerk reso209a.doc LOMBARD — DESPLAINES R/W PARCEL NO. 64 NE '/4, SEC. 28,TWP. 41, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN COOK COUNTY, ILLINOIS ComEd TAX PARCEL 4493 Com Ed NORTHERN REGION LEASE SUPPLEMENT NUMBER TWO LANDLORD: Commonwealth Edison Company, an Illinois Corporation TENANT: Village of Elk Grove Village, a Municipal Corporation LEASE DATED: September 1, 1988 PRIOR SUPPLEMENTS DATED: August 24, 1993 PURPOSE: The Leased Premises are to be used for the driving and parking of passenger vehicles of TENANT'S employees and visitors, all insofar as permitted by law, and for no other purpose whatsoever. LANDLORD and TENANT have entered into the hereinabove mentioned Lease for a five-year period commencing on September 1, 1988, and expiring on August 31, 1993, and which Lease was extended by Lease Supplement Number One dated August 24, 1993, for an additional five -years commencing on September 1, 1993, and expiring on August 31, 1998, and LANDLORD and TENANT desire to amend said Lease subject to the modifications hereinafter provided. MODIFICATIONS: It is mutually agreed that the said Lease is hereby extended for an additional five-year period commencing on September 1, 1998, and expiring on August 31, 2003, unless sooner terminated as provided in said Lease. Coverage #2 and Coverage #3 under "INSURANCE AND INDEMNITY" on Page 9 of the lease dated September 1, 1988 are hereby deleted and amended to read as follows: "COVERAGE#2 Comprehensive General Liability Policy or Policies covering all contractors, subcontractors and all their subcontractors with limits not less than the combined single limit of $3,000,000 for bodily injuries to or death of one or more persons and/or property damage sustained by one or more organizations as a result of any one occurrence, which policy or policies shall not exclude property of LANDLORD. Commonwealth Edison Company, as LANDLORD, shall be added as Additional Insured under endorsement GL 2010. Bodily injury means bodily injury, sickness, or disease sustained by any person which occurs during the policy period, including death, at any time resulting therefrom. Property damage means (1) physical injury to or destruction of tangible property which occurs during the policy period, including the loss of use thereof at any time resulting therefrom, or (2) loss of use of tangible property which has not been physically injured or destroyed provided such loss of use is caused by an occurrence during the policy period. TENANT will, in any event, purchase and maintain during the term hereof: COVERAGE#3 Owners' Landlords' and Tenants' Liability Insurance Policy in the name of LANDLORD, Commonwealth Edison Company, as the insured, with limits of not less than the combined single limit of $3,000,000 for bodily injuries to or death of one or more persons and/or property damage sustained by one or more organizations as a result of any one occurrence, which policy shall not exclude property of LANDLORD. Bodily injury means bodily injury, sickness, or disease sustained by any person which occurs during the policy period, including death, at any time resulting therefrom. Property damage means (1) physical injury to or destruction of tangible property which occurs during the policy period, including the loss of use thereof at anytime resulting therefrom, or (2) loss of use of tangible property which has not been physically injured or destroyed provided such loss of use is caused by an occurrence during the policy period.". AUTHORITY TO ACT: This agreement shall be executed for and on behalf of the TENANT pursuant to a resolution adopted by the Village of Elk Grove Village, the TENANT, at a regular meeting held September 22 , 1998, and signed by the officers therein designated as signatories and attested by the clerk of such TENANT and a certified copy of such resolution shall be attached hereto and made a part hereof as evidence of the authority herein exercised by the undersigned officers executing the Lease. All of the terms and conditions of the Lease dated September 1, 1988, and Lease Supplement Number One dated August 24, 1993, are incorporated herein by reference and except as expressly modified by this instrument, said terms and conditions shall remain in full force and effect. 2 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals this 22nd day of September , 1998. ATTEST: By Patricia S. Smith Title Villa¢e Clerk K:\Idmg\abete\document\cook\EIk Grove Parking.doc LANDLORD: COMMONWEALTH EDISON COMPANY By M. R. Norris Land Management Administrator Real Estate Department TENANT: VILLAGE OF ELK GROVE VILLAGE By Craig B. Johnson Title Village President 3