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Resolution Approving an Execution of the Fourth Amendment to the License Agreement with Strikers Fox Valley Soccer Club Facility Allowing an Assignment of the Lease to Fox Valley Soccer Club, Inc.
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WHEREAS, the STRIKERS FOX VALLEY SOCCER CLUB OF KANE COUNTY ILLINOIS, an Illinois not for profit entity ("Strikers"), presently uses the indoor soccer facility under the terms of a License Agreement with the Forest Preserve District of Kane County; and
WHEREAS, Strikers is merging its operations with Fox Valley Soccer Club, Inc. ("Forge"); and
WHEREAS, Strikers and Forge have, pursuant to the terms of the License Agreement, requested that the District consent to and approve the assignment of the License issued under the License Agreement from Strikers to Forge such that Forge shall assume all obligations of Strikers under the License Agreement and be entitled to all rights and benefits thereunder; and
WHEREAS, after investigation into Forge, it is deemed reasonable and desirable to grant the assignment through approval of an amendment to the License Agreement; and
WHEREAS, under the terms of the License Agreement, approval of the assignment is not to be unreasonably withheld; and
WHEREAS, the District has prepared a Fourth Amendment to the Third Amended and Restated License Agreement, which memorializes the District's consent of license assignment to Forge and further amends the timing of payments under the License Agreement for the first two seasons following said Assignment.
NOW, THEREFORE, BE IT RESOLVED that the Board of Commissioners of the Forest Preserve District of Kane County, Kane County, IL, hereby consent to the assignment of the License granted under the License Agreement from the Strikers Fox Valley Soccer Club of Kane County Illinois to FORGE on the terms and conditions set forth in the Fourth Amendment attached hereto and incorporated herein.
BE IT FURTHER RESOLVED, that the ...
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