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PROPOSED PUBLIC WAY LICENSE AGREEMENT
Department: Department of Real Estate Management
Request: Request to Approve Public Way License Agreement
Grantor: County of Cook
Grantee: Ripple Fiber, LLC
Term: 6/1/2025 - 6/30/2035
Annual License Fee: The total fee for the first month of the term (June 1, 2025 through June 30, 2025) shall be $409.92 based on the 2024 annual license fee of $4,919.08. The remaining fee for the term (July 1, 2025, through June 30, 2035) will have a base fee of $3,375, and shall be adjusted July 1 of every year, during the term. The amount of such Increase shall be the percentage Increase in the Consumer Price Index for Urban Consumers (utilizing the Index which Includes Cook County) from September 1, 2006, to April 1 preceding the effective date of such adjustment. The amount of such Increase will be calculated by the Division of Real Estate Management.
Summary:
Requesting approval of a Public Way License Agreement between the County of Cook, a body politic and corporate of the State of Illinois, as Grantor, and Ripple Fiber, LLC, an Illinois limited Liability Corporation, as Grantee. Upon issuance of this License, the Grantee shall have the authority to apply for permits to construct, install, replace, relocate, modify, maintain, and remove its facilities located in the public ways of Cook County.
This license is in accordance with Cook County Code Chapter 66, Road and Bridges, Article 3, Public Way Regulatory Ordinance, enacted by the Board of Commissioners on June 19, 2007. The license fees, commencement, and expiration dates are all set by ordinance.
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