title
PROPOSED LICENSE AGREEMENT
Department: Department of Real Estate Management
Request: To approve a New License Agreement
Licensor: Cook County
Licensee: Plaza Azteca, Inc.
Location: A portion of Lots 4 and 5 in California Health Park, a subdivision of part of the West half of the Southeast quarter of Section 25, Township 39 North, Range 13 East of the Third Principal Meridian, in Cook County, Illinois; also known as the vicinity of Cook County Criminal Courthouse, near 2650 S. California Ave.
Term/Extension Period: 10/1/2021 - 10/24/2022
Space Occupied: Approximately 16.9 acres
Monthly Rent: $77,898.17 annual fee subject to Consumer Price Index adjustment
Fiscal Impact: $77,898.17 Revenue Generating
Accounts: NA
Option to Renew: One (1), one (1) year option
Termination: Licensor may terminate with 30-days written notice.
Utilities Included: No
Summary/Notes: Plaza Azteca, Inc. seeks to use the land to host a schedule of entertainment events including Live Music Shows.
end