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File #: 16-4124    Version: 1 Name: Peter Spyropoulos (dba) East of Eden’s Restaurant
Type: License Agreement Status: Approved
File created: 6/27/2016 In control: Board of Commissioners
On agenda: 7/13/2016 Final action: 7/13/2016
Title: PROPOSED LICENSE AGREEMENT Department: Department of Real Estate Management Request: Approval of an extension and license fee for a License Agreement Licensor: County of Cook Licensee: Peter Spyropoulos (dba) East of Eden's Restaurant , Chicago, Illinois Location: Adjacent to 6348 N. Cicero Avenue in Chicago Term/Extension Period: 5/1/2017 - 4/30/2027 Space Occupied: 3,450 square feet Monthly Rent: Annual Rent: $2,336.00 (First Year) with 3% per year escalation Fiscal Impact: Revenue Generating Accounts: N/A Option to Renew: N/A Termination: By Licensor with thirty-day notice Utilities Included: No Summary/Notes: In 2002, the Board of Commissioners entered into a License Agreement with Peter Spyropoulos (dba) East of Eden's Restaurant, located at 6348 N. Cicero Avenue in Chicago for use of a vacant parcel of County excess land for the purpose of operating and maintaining a vehicle parking area located adjacent to the lic...
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED LICENSE AGREEMENT

 

Department:  Department of Real Estate Management

 

Request:  Approval of an extension and license fee for a License Agreement

 

Licensor:  County of Cook 

 

Licensee:  Peter Spyropoulos (dba) East of Eden’s Restaurant , Chicago, Illinois

 

Location:  Adjacent to 6348 N. Cicero Avenue in Chicago

 

Term/Extension Period:  5/1/2017 - 4/30/2027

 

Space Occupied:  3,450 square feet

 

Monthly Rent:  Annual Rent: $2,336.00 (First Year) with 3% per year escalation

 

Fiscal Impact:  Revenue Generating

 

Accounts:  N/A

 

Option to Renew:  N/A

 

Termination:  By Licensor with thirty-day notice

 

Utilities Included:  No

 

Summary/Notes:  In 2002, the Board of Commissioners entered into a License Agreement with Peter Spyropoulos (dba) East of Eden’s Restaurant, located at 6348 N. Cicero Avenue in Chicago for use of a vacant parcel of County excess land for the purpose of operating and maintaining a vehicle parking area located adjacent to the licensee’s business establishment. 

 

East of Eden’s has exercised its option contained in the License for an additional ten (10) year term commencing on 5/1/2017 (the "Option Term"), subject to approval by the Board of the License Fee applicable during the Option Term.

 

Licensee has met the insurance requirements under the License Agreement

end