HomeMy WebLinkAboutRESOLUTIONS-2015-080-R-158/3/2015
80-R-15
A RESOLUTION
Endorsing the Application of Little Beans Cafe Evanston LLC to
the Cook County Assessor for 7a Status Designation
for Commercial Development of the Vacant Property
Located at 430 Asbury Avenue, Evanston, Illinois
WHEREAS, the City of Evanston, Cook County, Illinois (the "City"), is a
home rule unit of government pursuant to the Illinois Constitution of 1970; and
WHEREAS, there exists, within the borders of the City, a recognized need
for economic development, business expansion, and employment; and
WHEREAS, there exists the need to aid in financing the cost of
commercial development projects in order to relieve conditions of unemployment and to
encourage an increase in commerce within the City, thereby reducing unemployment
and to provide for the increased welfare and prosperity of the residents; and
WHEREAS, the City Council desires to promote new commercial
development within its borders; and
WHEREAS, the Cook County Assessor operates under an ordinance,
known as the Cook County Real Property Classification Ordinance, which the Cook
County Board of Commissioners enacted in order to encourage industrial and
commercial development in Cook County; and
WHEREAS, Little Beans Cafe Evanston, an Illinois limited liability
company (the "Applicant"), is the lessee of certain real estate, located at 430 Asbury
80-R-15
Avenue in the City, with the PINs 10-25-203-011-0000; 10-25-206-007-0000; and 10-
25-206-008-0000 (the "Subject Property"); and
WHEREAS, the Subject Property is improved with a building that was
vacant for more than twenty-four (24) continuous months prior to the Applicant opening
for business in February 2015; and
WHEREAS, the Applicant has rehabilitated and redevelop the Subject
Property in order to operate a commercial use thereon, namely an indoor playground
and cafe (the "Project"); and
WHEREAS, the Applicant has applied or is applying for Class 7a property
status pursuant to the Cook County Real Property Classification Ordinance; and
WHEREAS, the City finds that the Subject Property meets the eligibility
requirements set forth in the Class 7a, specifically: (a) the Subject Property is
designated by the City of Evanston as blighted and in need of increased commercial
development and exhibits factors associated with properties included for TIF
designation as included in the Illinois TIF Act; (b) real estate taxes within said area,
during the last six (6) years, have declined, remained stagnant, or are not fully realized
due to the depressed condition of the area; (c) the Project is both viable and likely to
proceed on a reasonably timely basis, thereby contributing to the economic
enhancement of the area; (d) Class 7a status will materially assist re -development or
rehabilitation of the area and the Project would not proceed without the incentive offered
under Class 7a; and (e) Class 7a status for the Subject Property, and therefore the
Project, is reasonably expected to ultimately result in an increase in real property tax
revenue and employment opportunities within the area,
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80-R-15
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, THAT:
SECTION 1: The foregoing recitals are hereby found as fact and
incorporated herein by reference.
SECTION 2: The City Council hereby finds that the Subject Property and
surrounding area needs commercial development, the Subject Property will remain
underutilized without Class 7a status and the incentive benefits provided with the Class
7a status is appropriate for the commercial development that Applicant completed at the
Subject Property in the winter 2015.
SECTION 3: The City Council hereby supports and consents to the
Applicant's request to the Cook County Assessor for Class 7a status for the Subject
Property, made pursuant to the Cook County Real Property Classification Ordinance.
SECTION 4: The City Manager is hereby authorized and directed to sign
any documents necessary to implement this resolution.
SECTION 5: This Resolution 80-R-15 shall be in full force and effect from
and after its passage and approval in the manner provided by law.
Attest:
Rod ey Greee'. , Ci Clerk
Adopted. , 2015
Eli th B. Tisdahl, Mayor
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