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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: Surf Air Wireless
Term: 7/1/2025 - 6/30/2035
Annual License Fee: The base annual license fee Is $3,375 and shall be adjusted, as of 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 to present to the Asset Management Committee, for its consideration and approval, a Public Way License Agreement between the County of Cook, a body, politic and corporate of the State of Illinois, as Grantor, and Surf Air Wireless, a Delaware limited liability company, 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.
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