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CHICAGO (COOK COUNTY)contract

Property Lease Agreement: Yards Plaza, LLC

Original title: Contract 21749: YARDS PLAZA, LLC — PROPERTY LEASE (Chicago, IL)

February 5, 2010

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The Frame

What this does

This contract commits $159,300 in public funds to lease property from a private entity, Yards Plaza, LLC, for city operations.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Yards Plaza, LLC

The entity receives $159,300 in exchange for leasing property to the city.

City of Chicago taxpayers

Public funds are allocated to fulfill the financial obligations of this lease agreement.

What changed

Last recorded activity February 5, 2010.

What's next

Next step not available in the current record.

Summary

This document outlines a property lease agreement between the City of Chicago and Yards Plaza, LLC, for a total contract value of $159,300. The agreement was approved on February 5, 2010.

Key Facts

  • The total contract award amount is $159,300.
  • The contract was officially approved on February 5, 2010.
  • The vendor for the property lease is Yards Plaza, LLC.
  • The property is managed by Edgemark Asset Management, LLC, based in Oak Brook, IL.
  • The contract is identified by number 21749.
  • The lease is associated with reference numbers L-19043 and 17062.

Why It Matters

This contract commits $159,300 in public funds to lease property from a private entity, Yards Plaza, LLC, for city operations.

Frequently Asked Questions

Who is the landlord for this city lease?
The landlord is Yards Plaza, LLC, which is managed by Edgemark Asset Management, LLC.
How much is the city paying for this lease?
The total award amount for the contract is $159,300.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Third-party management

The vendor, Yards Plaza, LLC, utilizes an external asset management firm (Edgemark Asset Management, LLC) for its administrative operations.

Connected Entities

Sources

Open source document

data.cityofchicago.org

Analysis Score

0–100
  • Significance30
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz5
    Current news / social attention level

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