File #: 20-2701    Version: 1 Name: Press Room License Agreement Courthouse News Service, Inc.
Type: License Agreement Status: Approved
File created: 6/4/2020 In control: Board of Commissioners
On agenda: 6/18/2020 Final action: 6/18/2020
Title: PROPOSED LICENSE AGREEMENT Department: Department of Real Estate Management Request: To approve a new license agreement Licensor: County of Cook Licensee: Courthouse News Service, Inc. Location: 50 W. Washington Street, Suite 706, Chicago, Illinois 60602 Term/Extension Period: 7/1/2020 - 6/30/2021 Space Occupied: One desk and related equipment Monthly Rent: $500.00 adjusted annually by the CPI Fiscal Impact: Revenue generating, approximately $6,000.00 annually Accounts: NA Option to Renew: Renews automatically for successive one (1) year periods Termination: Licensor may terminate upon 30-days written notice. Licensee may terminate upon 60-day written notice before an anniversary date of the Commencement Date. Utilities Included: Yes Summary/Notes: The proposed License Agreement will allow the Licensee the non-exclusive use of desk space in the press room space to carry out research for Licensee's media business. Approval is recommended.
Indexes: (Inactive) JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LICENSE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  To approve a new license agreement

 

Licensor:  County of Cook

 

Licensee:  Courthouse News Service, Inc. 

 

Location:  50 W. Washington Street, Suite 706, Chicago, Illinois 60602 

 

Term/Extension Period:  7/1/2020 - 6/30/2021

 

Space Occupied:  One desk and related equipment 

 

Monthly Rent:  $500.00 adjusted annually by the CPI

 

Fiscal Impact:  Revenue generating, approximately $6,000.00 annually 

 

Accounts:  NA

 

Option to Renew:  Renews automatically for successive one (1) year periods  

 

Termination: Licensor may terminate upon 30-days written notice.  Licensee may terminate upon 60-day written notice before an anniversary date of the Commencement Date. 

 

Utilities Included:  Yes

 

Summary/Notes:  The proposed License Agreement will allow the Licensee the non-exclusive use of desk space in the press room space to carry out research for Licensee’s media business.  Approval is recommended. 

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