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File #: 17-2617    Version: 1 Name: Wheatland Title Guaranty, Inc.
Type: License Agreement Status: Approved
File created: 3/31/2017 In control: Board of Commissioners
On agenda: 4/12/2017 Final action: 4/12/2017
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 insur...
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

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.

end