HomeMy WebLinkAboutRESOLUTIONS-1993-100-R-9310-6-93
100-R-93
A RESOLUTION
Authorizing the City Manager to
Negotiate a Redevelopment Agreement
WHEREAS, the Economic Development Committee has
considered the development of the property commonly known as
2301-23 Oakton Street, (the "Property") Evanston, Illinois and
legally described as set forth in Exhibit A attached hereto and
incorporated herein by reference; and
WHEREAS, Home Depot Center, Inc. as developer has
submitted proposals to the Economic Development Committee for the
development of said Property; and
WHEREAS, Home Depot, Inc. has requested that the
Property be designated a Business Redevelopment District for the
purpose of utilization of sales tax dollars to enhance the
development of the Property; and
WHEREAS, the City of Evanston is a home rule unit
within the meaning of the Illinois Constitution of 1970; and
WHEREAS, the City of Evanston, as a home rule unit, may
exercise any reasonable power and perform any reasonable function
pertaining to its government and affairs; and
WHEREAS, the City Council will determine, after public
hearings whether it is in the best interest of the citizens of
Evanston that a business district be established.
1
WHEREAS, the City Council has introduced ordinance 113-
0-93 which will create a Business Redevelopment District which
includes the Property.
WHEREAS, the Economic Development Committee and Home
Depot, Inc. have agreed that a Redevelopment Agreement for the
Property must be based on certain business principles; and
WHEREAS, the Economic Development Committee recommends
that the City Council adopt certain business principles to assist
in the negotiations for the redevelopment of the Property; and
WHEREAS, the City may, during the course of
negotiations amplify and/or modify these business principles.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY ILLINOIS:
SECTION 1: That the City Council does adopt the
business principles set forth herein as the basis for the is
negotiation of a Redevelopment Agreement with Home Depot, Inc.
for the development of the Property.
1. The City will reimburse Home Depot for actual documented
costs to a maximum of $2,532,000 ("pay-as-you-go") minus
$500,000 which will be retained by the City for
neighborhood improvement projects. No interest will be
paid on this reimbursement. The reimbursement will be in
accordance with the sales tax receipts set forth in the
proforma and no funds will be reimbursed if the sales tax
receipts are not available.
2. The City will not enter into a redevelopment agreement
without a letter duly authorized and executed by Rust-
Oleum Corporation addressing some of the environmental
issues.
3. Home Depot will not sell the Evanston store to any
entity without the City's reasonable consent during the
term of the reimbursement.
•
•
I
4. Home Depot will repay the City of Evanston all money
disbursed according to the formula in_:the event Home
Depot closes the Evanston store within five years.
5. The City will deduct an annual payment (to a maximum of
$83,000 per year) for a neighborhood improvement fund.
The neighborhood fund total will be $500,000. The City
Council will determine the use of the neighborhood funds
in conjunction with input from the community. Typical
projects for this fund may be:
a) Left turn lane for east and west bound traffic at
Dodge and Oakton.
b) Paving of alley north of Oakton.
c) Construction of sidewalks on Oakton (Dodge to canal).
d) Resident only parking district.
e) Enhanced landscaping on site and Hartrey.
The actual boundaries of the "neighborhood" must be
determined.
6. MBE/WBE/EBE: In the construction of the center, a target
goal of 25% of the contracts for goods and services will
be let to Minority/Women/Evanston businesses. In
addition, the general contractor hired by Home Depot
will hire, train, and retain at least three Evanston
laborers during the term of the contract.
7. Hiring: Home Depot agrees to work with the City of
Evanston and other appropriate agencies to assure maximum
employment opportunities for Evanston residents. This
will include but not be limited to a minimum of three
weeks of exclusive advertizing in Evanston.
8. Oakton/Main: If the City determines that it is in the
City's best interest to develop a connection between
Main Street and Oakton Street, Home Depot will agree to
consider the project and donate the land necessary to
implement the project.
9. Home Depot will agree to develop an action plan to
establish and fund a housing rehabilitation project in
the City of Evanston.
SECTION 2: This Resolution shall be in full force
3
and effect following its passage and approval in the manner
required by law.
\ A TES _ Mayor
City'Clerk
Adopted • �� 02.� , 1993
is
EXHIBIT A TO RESOLUTION 100—R-93
PARCEL 1: LOT "A" OF OAKTON CONSOLIDATION, IN THE SOUTHWEST 1/4 OF THE SOUTHWEST
1/4 OF SECTION 24, TOWNSHIP 41 NORTH, RANGE 13 EAST OF THE THIRD PRINCIPAL
MERIDIAN, EXCEPT THAT PART OF TIM NORTH 5 FEET (AS MEASURED AT RIGHT ANGLES TO
THE NORTH LINE) OF LOT "A" LYING WEST OF THE EAST LINE OF LOT 2, EXTENDED SOUTH,
IN HESS, SUBDIVISION AND LYING EAST OF A LINE DRAWN AT RIGHT ANGLES TO SAID NOR.::
LINE OF LOT "A" THROUGH T:?E NORTrI'+dESTER'ti:.Y CORNER THEREOF, IN COOK COUNTY,
ILLINOIS
AND ALSO
EXCEPTING THAT PART OF SAID LOT "A", DESCRIBED AS FOLLOWS:: BEGINNING AT THE MOST
SOUTHWESTERNLY CORNER OF SAID LOT, BEING 81.0 FEET EAST OF 77=— WEST LINE AND 33.0
FEET NORTH OF THE SOUTH LINE OF SAID SOUTHWEST 1/4 (AS MEASURED PARALLEL TO SAID
SECTIONAL LINES); THENCE EAST ALONG 71M SOUTH LINE OF SAID LOT, A DISTANCE OF
179.00 FEET TO A CORKER OF SAID LOT;. THENCE NORTHERLY ALONG AN EASTERLY BOUNDARY
LINE OF SAID LOT AND ITS EXTENSION NORTHERLY, 233.0 FEET; THENCE WEST PARALLEL TO
THE SAID SOUTH LINE OF SAID LOT, 111.0 FEET; THENCE NORTHERLY PARALLEL TO THE
MOST WESTERLY LINE OF SAID LOT, 172.0 FEET TO A POINT IN THE NORTbs'W_STERLY LINE
OF SAID LOT, BEING ALSO, THE SOL'Ttz ASTE- 7LY LINE OF THE CHICAGO AND NORTHWESTERN
RAILROAD; THENCE SOL":?14ESTERLY ALONG SAID LINE, 181.85 FEET TO THE SAID MOST
WESTERLY LINE OF SAID LOT; THENCE SOUTciERLY ALONG SAID LINE, 239.80 FEET TO THE
POINT OF BEGINNING, IN COOK CWNTY, ILLINOIS
PARCEL 2: THAT PART OF THE SOL'TrriEST 1/. OF T: Z SO=u . -1EST 1/4 OF SECTION 24,
TOWNSHIP 41 NORTH, RANGE 13 EAST OF THE THIRD PRINCIPAL 1^SR:DIAN DESCRIBED AS
FOLLOWS::
BEGINNING AT A POINT IN THE SOUTH LINE OF SAID QUARTER QUARTER SECTION, 380 F3
EAST OF THE SOUTHWEST CORNER T:=F,?=0F ; THENCE NORTH PARALLEL WITH THE WEST LINE OF
SAID SOUTHWEST 1/4 BEING ALSO, THE EAST LINE OF A 20 FOOT STRIP OF LOT "A"
AFORESAID, A DISTANCE OF 223.0 FEET; THENCE EAST PARALLEL WITH THE SAID SOUTH
LINE OF SAID QUARTER QUARTER SECTION, BEING ALSO, A BOUNDARY LINE OF SAID LOT
"A", 461.40 FEET TO A LINE 433 FEET WEST OF (BY RIGHT ANGLE *E_ URE) THE EAST
LINE OF SAID SOUTHWEST 1/4 OF THE SCUT::rEST 1/4; THENCE SOUTH? ALONG- SAID LINE
223.0 FEET TO THE SAID SO=.-.. LINE OF SAID SOUTr�'ST 1/4 OF TH:E SOU =:w:ST 1/4;
THENCE WEST ALONG SAID LINE, 461.66 FEET TO THE POINT OF BEG=*'NING (EXCEPT THE
SOUTH 33 FEET THEREOF CONVEYED TO THE CITY OF EVANSTON FOR STREET PURPOSES) IN
COOK COUNTY, ILLINOIS
PARCEL 3: THE SOUTH 1/2, AS MEASURED ALONG THE EAST AND WEST LINES THEREOF, OF
THAT PART OF THE SOUTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SECTION 24, TOWNSHIP 41
NORTH, RANGE 13 EAST OF THE THIRD PRINCIPAL MERIDIAN, BOUNDED AND DESCRIBED AS
FOLLOWS::
COMy.ENCING AT THE NORTHWEST CORNER OF OAK:'ON STREET AND HARTREY AVENUE, SAID
POINT BEING 33.0 FEET NORTH OF TIM SOUTH LINE AND 33.0 FEET WEST OF THE EAST LINE
(AT RIGHT ANGLE MEASUREMENT) OF SAID SOUTHWEST 1/4 OF THE SOUTHWEST 1/4; THENCE
RUNNING NORTH ALONG SAID WEST LINE OF HARTREY AVENUE AZkM 33.0 FEET WEST OF AND
PARALLEL TO SAID EAST LINE OF THE SOUTHWEST 1/4 OF THE SOUTPW—zST 1/4, A DISTANCE
-2-
OF 861.05 FEET TO A POINT; T*i-NCE WEST AT RIGHT ANGLES TO SAID WEST I= OF ;1.RT^—ry
AVENUE, A DISTANCE OF 400.0 FEET TO A POINT; THENCE SOUTH, PARALLEL TO SAID =--ST
OF SAID SO_UTHI EST_1/4 OF THE SOUTHWEST 1/4, A DISTANC OF 881.35 FEET TO A POI.rT IN
M TfOr -NORTH LINE OF OAKTON EAST ALONG THEE NORT» LINE OF OAKTON STREET
AND 33.0 FEET NORTH OF (AT RIGHT ANGLE ) AND PAP. TI -XL TO SAID SOUTH :.Ili
OF SAID SOUTHWEST 1/4 OF THE SOUTHWEST 1/4, A DISTANCE OF 400.51 FEET TO THE PLACE OF
BEGINNING, IN COOK COUNTY, ILLINOIS
PARCEL 4 : LOTS "A" ; "B" , "C" , AND -"E" IN MACTACMART A`. IW#s "ON' S SUBDIVISION, BEING P.
SUBDIVISION OF PART OF THE EAST 1/2 OF THE SOUMWEST 1/4 OF T.sT_.- SOUTHWEST 1/4 OF
SECTION 24, TOWNSHIP 41 NORTH, RANGE 13 EAST OF THE T.-:_TRD PRINCIPAL NERIDIAN, IN COOK
COUNTY, ILLINOIS
ff�