R-1631 - 03/28/2017 - SPORTS CORE - Resolutions RESOLUTION 2017-POLO-AG-R-1631
A RESOLUTION AUTHORIZING THE EXECUTION OF A LICENSE AGREEMENT
BY THE VILLAGE OF OAK BROOK WITH PINEOAK PARTNERS LLC
RELATING TO THE 2017 POLO SEASON
WHEREAS, the Village of Oak Brook, Illinois, ("Village") has sponsored polo matches for many
years; and
WHEREAS, many citizens of the community look forward to attending these polo matches; and
WHEREAS, during many previous years, the Village has conducted these polo matches under its
own operations; and
WHEREAS, Pineoak Partners LLC has asked the Village to join it in a License Agreement which
will contain the terms and conditions under which Pineoak will operate the 2017 polo season; and
WHEREAS, the parties have negotiated a License Agreement under which the Village will make
certain payments to Pineoak, but beyond those payments, Pineoak will have full responsibility for the
operation of the 2017 season; and
WHEREAS, a part of the License Agreement allows Pineoak to make certain uses of the Oak
Brook Tennis Club name and symbols which are owned by the Village of Oak Brook; and
WHEREAS, the use of such intellectual property is broadly described in the License Agreement
which contains the ability of the Village, if required, to restrict certain such uses; and
WHEREAS, the parties are hopeful that the 2017 polo season will be both an athletic success
and a financial success for Pineoak, in which case the parties will discuss an extension of this License
Agreement which is limited to the 2017 season.
NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows:
Section 1: The preambles to this Resolution are made a part of the Resolution expressing
the intent of the Village Board.
Section 2: The Village President and the Village Clerk are authorized to execute a License
Agreement with Pineoak Partners LLC relating to the polo season for 2017 which will be conducted at
Polo Field 1 and in substantial accordance with the terms and conditions of that Agreement, which is
attached hereto and made a part of this Resolution.
Section 3: This Resolution shall take effect upon its passage and approval and the
President and Clerk shall sign the License Agreement when they are satisfied that it is in a form approved
by the Village Manager and the Village Attorney.
[SIGNATURE PAGE FOLLOWS]
Resolution 2017-POLO-AG-R-1631
Authorizing the Execution of a License Agreement with
Pineoak Partners LLC relating to the 2017 Polo Season
Page 2 of 3
APPROVED THIS 28th day of March, 2017
tee:
Gopal G. Lalmalani
Village President
PASSED THIS 28th day of March, 2017
Ayes: Trustees Baar, Manzo, Mov, Tiesenga, Yusuf
Nays: Trustee Adler
Absent: None
ATTEST:
Charlotte K. Pruss
Village Clerk
:Xr
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Resolution 2017-POLO-AG-R-1631
Authorizing the Execution of a License Agreement with
Pineoak Partners LLC relating to the 2017 Polo Season
Page 3 of 3
EXHIBIT A
LICENSE AGREEMENT
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