File #: 15-3597    Version: 1 Name: License Agrmnt w/Noresco, LLC
Type: License Agreement Status: Approved
File created: 5/26/2015 In control: Finance Committee
On agenda: 6/10/2015 Final action: 7/1/2015
Title: PROPOSED LICENSE AGREEMENT Department: Real Estate Management Request: Approve a (New) License Agreement Licensor: County of Cook Licensee: NORESCO, LLC Location: 69 W. Washington, Suite 3000 Term/Extension Period: An initial term of one year, beginning 4/1/2015 Space Occupied: 285 Square feet Monthly Rent: Year Annual Fee Monthly Fee |99|$4,275.00 $356.25 (Option)|99|$4,347.00 $362.25 |99|$4,416.00 $368.00 Fiscal Impact: Revenue Generating Accounts: N/A Option to Renew: Two options to renew for one year each under certain conditions Termination: By either party with 30 days written notice Utilities Included: Yes Summary/Notes: Licensee is currently providing services to the County Bureau of Asset Management (the "Bureau") under Contract No. 12?60-349, and it is anticipated to enter into an additional contract or contracts to provide services to the Bureau. The Licensee shall use the Licen...
Indexes: (Inactive) ANNA ASHCRAFT
title
PROPOSED LICENSE AGREEMENT
 
Department:  Real Estate Management
 
Request:  Approve a (New) License Agreement
 
Licensor:  County of Cook
 
Licensee:  NORESCO, LLC
 
Location:  69 W. Washington, Suite 3000  
 
Term/Extension Period:  An initial term of one year, beginning 4/1/2015      
 
Space Occupied:  285 Square feet
 
Monthly Rent:         Year      Annual Fee      Monthly Fee
                  1      $4,275.00      $356.25
              (Option)      2      $4,347.00      $362.25
                  3      $4,416.00      $368.00
 
Fiscal Impact:  Revenue Generating
 
Accounts:  N/A
 
Option to Renew:   Two options to renew for one year each under certain conditions
 
Termination:  By either party with 30 days written notice
 
Utilities Included:  Yes
 
Summary/Notes:  Licensee is currently providing services to the County Bureau of Asset Management (the "Bureau") under Contract No. 12¬60-349, and it is anticipated to enter into an additional contract or contracts to provide services to the Bureau.
 
The Licensee shall use the Licensed Area for general office purposes in connection with the performance of services for the County under the Contract, provided, however, that one of the workstations may also be used for other business of Licenseeend