HomeMy WebLinkAboutRESOLUTIONS-2014-064-R-141
r
64-R-14
A RESOLUTION
8/26/2014
Endorsing the Application of Little Beans Cafe Evanston LLC to
the Cook County Assessor for Class 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 LLC., an Illinois corporation (the
"Applicant'), is the sub -leaser of certain real estate, and 430 Asbury Partnership is the
ownership of property located at 430 Asbury Avenue in the City, with the PINs 10-25-
64-R-14
203-011-0000 and 10-25-206-007-0000 and 10-25-206-008-0000 (the "Subject
Property"); and
WHEREAS, the Applicant has no financial interest in the seller of the
Subject Property; and
WHEREAS, the Subject Property is improved with a building that has
been vacant for more than twenty-four (24) continuous months; and
WHEREAS, the Applicant intends to rehabilitate and/or redevelop the
Subject Property in order to operate a commercial use thereon, namely a cafe open to
the general public and an indoor playground for children and families (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 has been
immediately located next to an area identified by the Department of Housing and Urban
Development (HUD) as a Neighborhood Revitalization Strategy Area (NRSA); (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
—2—
64-R-14
in an increase in real property tax revenue and employment opportunities within the
area,
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 are in need of commercial development, the Subject Property will
remain underutilized without Class 7a status, and the incentive benefits provided for
pursuant to Class 7a status are necessary for commercial development of the Subject
Property to occur.
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: When necessary to effectuate the terms, conditions, and
purposes of this resolution, "Applicant" shall be read as "Applicant's agents, assigns,
and successors in interest".
SECTION 6: This resolution shall be in full force and effect from and
after its passage and approval in the manner provided by law.
-3-
Att
R/-)dney 2fene, City Clerk
Adopted: 2014
Eli eth B. Tisdahl,
—4—
Mayor
64-R-14