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PROPOSED LICENSE REQUEST
Request: Requesting authorization for the Forest Preserves of Cook County (the “Forest Preserves”), as Licensor to grant a License to Wireless Edge Towers II, LLC, Grantee, to locate, operate and maintain a cell tower in Meadowlark Golf Course pursuant to a master agreement approved by the Forest Preserves of Cook County Board of Commissioners on November 2, 2021 (Board Item No. 21-0002). The license area includes two (2) alternative access route options that overlaps with an existing access easement previously granted to the Illinois Tollway. Three (3) trees would need to be removed, resulting in tree mitigation fees. In practice, more trees may need to be removed than originally estimated. Any increase in the tree mitigation fee will be in accordance with the Tree Mitigation Plan (See Board Item No. 20-0279), and if such increase is more than 20% of original estimate, then approval will be sought from the Forest Preserves of Cook County Board of Commissioners.
Term: Ten (10) years with option to renew for three (3) additional 5-year terms
License Fee: One-time $25,000.00 fee plus annual fees of $31,914.00 (increased annually by 3%) or 50% of revenue, whichever is greater, per master agreement
License Application Fee: N/A
YELAR Fee: N/A
Total one-time upfront fee of $25,000.00 plus annual fees as described above.
Tree Mitigation Fee: $12,964.86
The area of the License is: approximately 0.49 acre or 21,550 square feet
Concurrence(s): The Chief Financial Officer has approved this item. Final license agreement is subject to legal review and approval.
Grantee will be required to meet the insurance requirements under the License Agreement.
The Forest Preserves staff have reviewed this license application and plans and have found them to be acceptable; therefore, it is recommended that the Forest Preserves of Cook County Board of Commissioners approve the issuance of this License Agreement.
District(s): 17
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