title
PROPOSED LICENSE AGREEMENT
Department: Real Estate Management
Request: Approval of a (New) License Agreement
Licensor: County of Cook
Licensee: Mr. Stevie Fulton
Location: 118 N. Clark Street, Chicago, Illinois 60602
Term/Extension Period: Three years, commencing 1/1/2015, to be renewed thereafter annually, unless terminated by either party.
Space Occupied: 100 Square Feet (approximately)
Monthly Rent: Annual Monthly PSF
$1,200.00 $100.00 $12.00
Fiscal Impact: Revenue Generating
Accounts: Miscellaneous Revenues
Option to Renew: N/A
Termination: By either party on 30 days' notice; immediately by County in the event of default by Licensee under the License
Utilities Included: Yes
Summary/Notes:
The prior license for this space was approved by the Board on 12/17/2008. Mr. Fulton was under contract with the prior licensee to work in the licensed area and has requested a license with the County to operate the shoe shine stand. Mr. Fulton has been operating under a temporary use permit to avoid the interruption and loss of business which would be caused by shutting down.
The Real Estate Management Division is recommending that the License Agreement be approved in order to continue to provide this amenity to occupants of the County Building and to the public.
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