HomeMy WebLinkAboutRESOLUTIONS-2005-046-R-058/4/05
• 46-R-05
A RESOLUTION
Authorizing the City Manager to Enter
Into Lease Extension for 2022 Central Street
With Patricia O'Neill Cynkar d/b/a Patio, Inc.
WHEREAS, the City of Evanston owns certain real property known as 2022 Central
Street; and
WHEREAS, said real estate is improved with a one-story building; and
WHEREAS, the current lease on the property, which expires February 28, 2006,
contains an option for a five-year extension of said lease; and
WHEREAS, the current lessee has exercised said option in a timely manner; and
0 WHEREAS, the City Council has determined that the best interest of the City would
be served by extending said lease on the property,
NOW, THEREFORE, BE IT ORDAINED 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 is hereby authorized and directed to attest on behalf of the City, a lease
extension by and between the City as Lessor and Patricia O'Neill-Cynkar d/b/a Patio, Inc.
as Lessee, for 2022 Central Street, Evanston. The rental is $2,475.00 per month for the
period March 1, 2006 through February 28, 2007. The subsequent annual rental increases
for the remaining years of the lease will be based on the prior calendar year's annual
percentage change for all items in the Chicago area Consumer Price Index, but will be no
less than 4% nor greater than 10% for years two through five of the lease.
46-R-05
•
The lease shall be in substantial conformity with the lease marked as Exhibit A attached
hereto and incorporated herein by reference.
SECTION 2: That this Resolution shall be in full force and effect from and after its
passage, approval, and publication in the manner provided by law.
ne H. Morton, Mayor
ATTEST:
MaryVor i ,City Clerk
Adopted:lut� is 2005 •
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