title
PROPOSED LICENSE AGREEMENT
Department: Department of Real Estate Management
Request: Approve a (New) License Agreement
Licensor: County of Cook
Licensee: Wheatland Title Guaranty, Inc.
Location: 118 N. Clark Street, Concourse Level of the Cook County Building set aside for the use of title companies.
Term/Extension Period: 5/1/2017 - 11/30/2017, then automatically renewed for successive one (1) year periods thereafter.
Space Occupied: 100 Square feet
Monthly Rent: $500.00 per month for the initial term based on an annual fee of $6,000.00 then adjusted annually by Consumer Price Index.
Fiscal Impact: Revenue Generating
Accounts: N/A
Option to Renew: N/A
Termination: By County with 30 day written notice
Utilities Included: Yes
Summary/Notes: Licensee will use space in the Recorder of Deeds area located in the Concourse Level of the Cook County Building at 118 N. Clark Street, for its title services business.
The Licensees have met Cook County insurance requirements.
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