HomeMy WebLinkAboutRESOLUTIONS-1994-082-R-94• 82-R-94
Approving the Transfer of Real Estate
for the Evanston Center
WHEREAS, the City of Evanston entered into a Redevelopment
Agreement with Dayton -Hudson, American Stores Properties, and Best
Buy for the redevelopment of the 2200 West Howard Street for a
commercial development known as Evanston Center; and
WHEREAS, the Redevelopment Agreement requires that the City review
and approve the transfer of any portion of real estate by Dayton -
Hudson, American Stores Properties, and Best Buy; and
WHEREAS, Dayton -Hudson has requested approval of a transfer of
approximately 1906 square feet of their property to TCC-BTS
EVANSTON I L.L.C.; so that TCC-BTS would be able to construct an
Office Max store; and
WHEREAS, the City of Evanston has reviewed said request and has
determined that it is in the best interest of the City to approve
said request;
NOW THEREFORE BE IT RESOLVED BY THE CITY . COUNCIL OF THE CITY OF
EVANSTON, COUNTY OF COOK THAT:
SECTION 1: That approval is hereby granted to Dayton -Hudson to
• transfer approximately 1906 square feet to TCC-BTS EVANSTON I
L.L.C. in order to construct an Office Max store;
SECTION 2: That approval is conditioned with the understanding
that TCC-BTS EVANSTON I L.L. C. and Office Max and their designees
assumes all of the terms of the Redevelopment Agreement;
Section 3: That Dayton -Hudson shall be responsible to provide the
City of Evanston with evidence that the proper tax division has
occurred and has been filed with the appropriate agencies of the
County to assure compliance with the requirements of Tax Increment
Financing;
Section 4: That the City Manager is authorized to negotiate any
additional conditions which are in the best interest of the City;
Section 5: This resolution shall be in full force and effect from
and after its passage and approve in the man,aeX required by law.
Ap o, ed t �Q ,1 94
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