R2017-133 Approving Office Space Sublease between Library and Workforce Investment Solutions

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OFFICE SPACE SUBLEASE THIS OFFICE SPACE SUBLEASE("Sublease-)entered into by and between BOARD OF LIBRARY TRUSTEES OF THE CITY OF DECATUR ("Sublessor") and WORKFORCE INVESTMENT SOLUTIONS ("Sublessee") (individually, each a "Party," or collectively, the "Parties"). WITNESSETH: WHEREAS, Sublessor is a Public Library located in Decatur, Illinois; WHEREAS, Sublessor entered into a Lease Agreement with the City of Decatur, Illinois ('Decatur"),as of May 1,2016,as amended from time to time,("Master Lease")for the property located at 130 N.Franklin St.,Decatur, IL 62523: WHEREAS, Sublessor and Sublessee wish to enter into a sublease for the use of certain office space leased by Sublessor as more completely described in this Sublease. NOW,THEREFORE,in consideration of the mutual covenants and conditions contained herein, it is agreed as follows: 1. Sublease and Description of Premises. Sublessor does hereby sublease to Sublessee and Sublessee does hereby sublease from Sublessor,certain office space located within the building commonly known as 130 N.Franklin St.,Decatur,IL 62523,as shown in"blue"on the floor plan attached hereto and incorporated herein by reference as Exhibit A ("Subleased Premises"). In addition, Sublessor grants Sublessee limited exclusive use of the common area space located within the building, as shown in "yellow" on Exhibit A, on a temporary and immediately terminable basis ("Floor Space"). If Sublessee's use of the Floor Space interferes with Sublessor's use of the building or the public library in general, as determined in Sublessor's sole discretion, Sublessor may immediately terminate Sublessee's limited exclusive use of this portion of the Floor Space, without notice or demand, and Sublessee shall only be permitted to continue use of the Floor Space on a non-exclusive basis to the extent the Floor Space continues to be building common area. 2. Rent. Sublessee shall pay to Sublessor annual rent of one thousand five hundred dollars ($1,500.00) payable in installments of one hundred twenty five dollars ($125.00) on the first day of each month for the duration of the term of this Sublease hereunder. 3. Term and Termination.The term of this Sublease shall be for a period of one(1) year, commencing on the date of final execution of this Sublease ("Effective Date") and terminating one (1) year thereafter ("Initial Term"). Thereafter, this Sublease shall automatically renew for successive one (1) year terms unless otherwise terminated as set forth herein. The term of this Sublease shall include the Initial Term and any successive one (1) year terms thereafter("Term").The Sublease may be terminated as follows: a. Termination by Agreement. This Sublease may be terminated on terms mutually agreed upon by the Parties in writing. EXHIBIT A