This contract renews a five‑year lease for approximately 10,000 sq ft of office space at 230 W John Case Rd, Bourbonnais, IL 60914. The lease is held by Olivet Nazarene University (and its foundation) as trustee of a charitable remainder annuity trust, and the State of Illinois Department of Children and Family Services will be the tenant. The total renewal value is $747,600, payable over the term, with no indication of further extensions beyond November 30, 2031.
• Office‑space lease renewal for 10,000 sq ft
• Five‑year term (12/01/2026 – 11/30/2031)
• Total contract value $747,600
• Sole‑source renewal – no competitive bidding required