title
PROPOSED LICENSE AGREEMENT
Department: Department of Real Estate Management
Request: Request to Approve License Agreement
Licensor: County of Cook
Licensee: The American National Red Cross
Location: 701 S. Leavitt Street, Chicago, Illinois
Term/Extension Period: 4/16/2026 - 5/31/2027
Space Occupied: Twenty-three (23) Designated Parking Spaces
Monthly Rent: $1,708.03 (for April 2026) $3,416.06 (for remaining months until 5/31/2027)
Fiscal Impact: Revenue Generating ($46,116.81)
Accounts: 11000.1031.12275.407015.00000.00000
Option to Renew: N/A
Termination: Subject to terms including temporary relocation rights, indemnification, compliance with laws, and return of parking credentials upon termination
Utilities Included: N/A
Summary/Notes: Requesting approval to enter into a license agreement between the County of Cook, as Lessor, and the American National Red Cross, as Lessee, to permit the Lessee to utilize a designated portion of the County's parking lot located, at 701 S. Leavitt Street, Chicago, Illinois.
The license agreement provides the Lessee use of twenty-three (23) reserved parking spaces that will be used by its employees, agents, and invitees.
Access to the parking lot will be seven (7) days per week, between the hours of 6:00 AM and 8:00 PM.
This License Agreement will enable the Lessee to provide secure, reliable parking accommodations for its operations.
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