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PROPOSED LICENSE AGREEMENT
Department: Department of Real Estate Management
Request: Request to Renew License Agreement
Licensor: County of Cook
Licensee: Viva JV, LLC
Location: A portion of Lots 4 and 5 in California Health Park, a subdivision of part of the West half of the Southeast quarter of Section 25, Township 39 North, Range 13 East of the Third Principal Meridian, in Cook County, Illinois; also known as the vicinity of Cook County Criminal Courthouse, near 2650 S. California Ave.
Term/Extension Period: 2/1/2026 - 1/31/2027
Space Occupied: Approximately 16.9 Acres
Monthly Rent: One-time annual payment of $95,065.28
Fiscal Impact: Revenue Generating, $95,065.28
Accounts: N/A
Option to Renew: One (1), one (1) year term, with parties' mutual agreement
Termination: Licensor shall have the right to terminate this License Agreement, upon thirty (30) days written notice to Licensee, at any time, during the Term. Such determination may be made, and the notice of cancellation may be given by the President of the Board, or by the Director of Real Estate Management.
Utilities Included: N/A
Summary/Notes: Requesting approval to renew a one (1) year License Agreement between Viva JV, LLC, a Delaware Limited Liability Company, as Licensee, and the County of Cook, as Licensor, to permit the Licensee to utilize the site, located at 26th and Washtenaw, for the operation of "Special Events," including: outdoor Mexican style rodeos, concerts, dances, markets, carnivals, and community festivals. These events are held primarily on weekends from April through October. The current License Agreement expires January 31, 2026.
The one (1) year renewal term will commence February 1, 2026, and will expire January 31, 2027. The renewal of the license agreement will enable the Licensee to continue providing entertainment and employment opportunities to residents of the community and generate $95,065.28 in annual revenue for the Co...
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