HomeMy WebLinkAboutRESOLUTIONS-2002-079-R-02•
10/09/2002
79-R-02
A RESOLUTION
Authorizing the City Manager to Execute a
Parking Lease With Sherman Plaza Venture
For the Retail Space for Sherman Plaza
WHEREAS,- the- City Council approved the Redevelopment' Agreement, with",
Sherman Plaza Venture on July 10, 2001 and amended by Ordinance 105-0-01 on
October 22, 2001; and
WHEREAS, under the Redevelopment Agreement, the City agreed and
contractually committed to lease to Sherman Plaza Venture a sufficient number of parking
• spaces to satisfy the parking requirements established by City ordinances as they apply
to the retail space for Sherman Plaza; and
WHEREAS, the City Council of the City of Evanston does hereby determine that it
is in the City's best interest to enter into said Parking Lease,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City Manager is hereby authorized and directed to sign and
the City Clerk hereby authorized and directed to attest on behalf of the City of Evanston,
a Parking Lease between the City of Evanston as Landlord and Sherman Plaza Venture
for the retail space in Sherman Plaza. Such Parking Lease shall be in substantial
• conformity with the Lease marked as Exhibit A attached hereto and incorporated herein
by reference.
79-R-02
•
SECTION 2: That the City Manager is hereby authorized and directed to negotiate
any additional conditions of the Parking Lease as may be determined to be in the best
interests of the City.
SECTION 3: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
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ATTEST:
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Adopted: �C'.,,�� ��--.�� � , 200240
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