HomeMy WebLinkAboutRESOLUTIONS-2014-058-R-147/25/2014
9/2/2014
58-R-14
A RESOLUTION
Authorizing the City Manager to Negotiate a
TIF Redevelopment Agreement with the Contract Purchaser,
Azzurri of Evanston, Inc. of the
Evanston Plaza Shopping Center ("Dempster Dodge")
NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS, THAT:
SECTION 1: The City Manager is hereby authorized and directed to restate
the City's original commitment stated in Resolution 54-R-12 "Authorizing the City Manager
to Negotiate a TIF Redevelopment Agreement Regarding the Evanston Plaza Shopping
Center" for a total of Two Million Dollars ($2,000,000) of TIF funds to be distributed to the
property owner, Bonnie Management Company, for TIF eligible activities.
SECTION 2: The Evanston Plaza Shopping Center property, which is legally
described in Exhibit 1 (the "Property"), is under contract to be purchased by Azzurri of
Evanston, Inc. ("Azzurri"), an Illinois corporation and this Resolution authorizes that the
substitution of the party to negotiate with on the TIF Redevelopment Agreement to be
Azzurri. If Azzurri of Evanston does not purchase the Property, the City will continue to
negotiate with the current owner, Bonnie Management Company.
SECTION 3: Any such negotiated RDA shall: not have a term that extends
beyond December 31, 2019; limit the total amount of TIF funds to be distributed to Azzurri
to Two million dollars ($2,000,000); expressly limit the use of said funds to tenant
improvements, site improvements, and/or canopy repair.
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SECTION 4: Any such RDA shall be subject to approval of the City Council,
which hereby reserves the right to reject any and all negotiations.
SECTION 5: This resolution shall be in full force and effect from and after its
passage, approval, and publication in the manner provided by law.
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�odney*rne, City Clerk
Adopted: Je.F1�e�n v-ex- 4'h, 2014
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Eliz th B. Tisdahl, Mayor
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58-R-14
EXHIBIT 1
Legal Description
THAT PART OF THE NORTH HALF OF SECTION 24, TOWNSHIP 41 NORTH, RANGE 13
EAST OF THE THIRD PRINCIPAL MERIDIAN IN COOK COUNTY, ILLINOIS, DESCRIBED AS
FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF LOT 1 IN BANBURY THIRD
CONSOLIDATION, BEING A PLAT IN THAT PART OF THE NORTHWEST QUARTER OF
SAID SECTION 24, ACCORDING TO THE PLAT THEREOF RECORDED MARCH 27, 1987
AS DOCUMENT NO. 87162463; THENCE SOUTHWESTERLY, WESTERLY,
SOUTHWESTERLY, SOUTHEASTERLY AND SOUTHWESTERLY ALONG THE
NORTHWESTERLY LINE OF SAID LOT 1 TO A POINT THAT IS 241.64 FEET
NORTHWESTERLY OF THE MOST SOUTHWESTERLY CORNER OF SAID LOT 1 AS
MEASURED ALONG SAID NORTHWESTERLY LINE; THENCE SOUTHEASTERLY AT A
RIGHT ANGLE TO SAID NORTHWESTERLY LINE 5.00 FEET; THENCE SOUTHWESTERLY
ALONG A LINE 5.00 FEET SOUTHEASTERLY OF AND PARALLEL TO SAID
NORTHWESTERLY LINE TO A POINT ON THE NORTH RIGHT-OF-WAY LINE OF
GREENLEAF STREET; THENCE EASTERLY ALONG SAID NORTH RIGHT-OF-WAY LINE
OF GREENLEAF STREET TO THE SOUTHWEST CORNER OF LOT 1 IN ARENS
CONTROLS, INC. CONSOLIDATION, BEING A PART OF THE NORTHWEST QUARTER OF
SAID SECTION 24, ACCORDING TO THE PLAT THEREOF RECORDED MAY 20, 1992 AS
DOCUMENT NO.92349794; THENCE NORTHEASTERLY ALONG THE WESTERLY LINE OF
SAID LOT 1 IN ARENS CONTROLS, INC. CONSOLIDATION TO THE NORTHWEST
CORNER OF SAID LOT 1; THENCE EASTERLY ALONG THE NORTH LINE OF SAID LOT 1
TO A POINT OF CURVE; THENCE SOUTHEASTERLY ALONG SAID CURVE HAVING A
RADIUS OF 40.00 FEET, AN ARC LENGTH OF 64.45 FEET TO A POINT OF TANGENCY ON
THE EAST LINE OF SAID LOT 1; THENCE SOUTHERLY ALONG SAID EAST LINE TO A
CORNER POINT FOR LOT 1 IN SAID BANBURY THIRD CONSOLIDATION; THENCE
EASTERLY ALONG THE SOUTH LINE OF SAID LOT 1 IN BANBURY THIRD
CONSOLIDATION TO A POINT ON THE WEST RIGHT-OF-WAY LINE OF BROWN AVENUE;
THENCE NORTHERLY ALONG SAID WEST RIGHT-OF-WAY LINE OF BROWN AVENUE TO
A POINT ON THE SOUTH LINE OF SAID LOT 1 IN BANBURY THIRD CONSOLIDATION;
THENCE EASTERLY ALONG SAID SOUTH LINE OF LOT 1 AND THE EASTERLY
EXTENSION THEREOF TO THE EAST RIGHT-OF-WAY LINE OF DODGE AVENUE;
THENCE NORTHERLY ALONG SAID EAST RIGHT-OF-WAY LINE TO THE NORTHWEST
CORNER OF LOT 1 IN KEAT'S RESUBDIVISION, BEING A SUBDIVISION IN THE
NORTHEAST QUARTER OF SAID SECTION 24, ACCORDING TO THE PLAT THEREOF
RECORDED SEPTEMBER 28, 1989 AS DOCUMENT NO. 89458950; THENCE WESTERLY
ALONG THE WESTERLY EXTENSION OF THE NORTH LINE OF SAID LOT 1 TO A POINT
OF INTERSECTION WITH THE WEST RIGHT-OF-WAY LINE OF SAID DODGE AVENUE;
THENCE NORTHERLY ALONG SAID WEST RIGHT-OF-WAY LINE TO A POINT OF
INTERSECTION WITH THE SOUTH RIGHT-OF-WAY LINE OF DEMPSTER STREET, -
THENCE WESTERLY, NORTHERLY AND WESTERLY ALONG SAID SOUTH RIGHT-OFWAY
LINE TO THE POINT OF BEGINNING.
Common Street Address: Retail/commercial parcels southwest of the intersection of
-3-
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Dempster Street and Dodge Avenue in Evanston, Illinois.
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