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67-R-99
A RESOLUTION
Authorizing the City Manager to Execute
an Amendment to the Redevelopment Agreement
For 1880 Oak Avenue, Evanston, Illinois
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK
COUNTY, ILLINOIS:
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SECTION 1: That the City Manager is hereby authorized anci di rested't&iign and thee,
City Clerk, hereby authorized and directed to attest on behalf of the City of ' Evanston, an: ,.
Amendment to the Redevelopment Agreement with the 1880. Oak LLC, an Illinois Limited
Liability Company for the Downtown Development, attached hereto as Exhibit'B.
SECTION 2: That the City Manager is hereby authorized and directed to negotiate any
additional terms of the Amendment to the Redevelopment Agreement 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 the date
of its passage and approval in the manner required by I
C/ Mayor`
ATTEST:
Ci
Adopted: `�� v 1999
8Ck I OGK I NG.
TEL:312 923 8023
FIRST AMENDMENT TO
REDEVELGEMENT ,UAWEM ENT
b P.
2
THUS FIRST AMENDMENT TO REDEVELOPMENT AGREEMENT
referred to as this "Amendment"), is made and entered into as of the day of . Kx
1999, b and between THE OF EV ST
y CITY AN ON, ILLIl�iOYS, a home Wile
govenunent located in Cook County, Illinois (hereinafter referred to as the "City"), and
LLC, a Delaware limited.liability company (hereinafter referred to as "Developer").
RECITALS 1'
A. The patties have heretofore entered into a Redevelopment Agreement dated, µ"
ril 8 1999 "Redevelopment Agreement") a Memorandum o b
Ap ( f which wss rccarded oat pni[46'
1999 as Document
No. 99367939 with the Caok'Coetnty Recoid o `'" "' �(`�+ r
.n ... . ,. '.•s,. r, •°' °^ m,'i¢.w:ay.:w ....a.•V:tik• i''?"d':.,i
8. The parties desire to amend the Redevelopment p loputent Agreement as herein provided: '
C. Initially capitalized terns used but not defined herein shall have the meanings
ascribed to such terms in the Redevelopment Agreement.
NOW THEREFORE, in consideration of the premises set forth above, and the mutual
agreements hereinafter set forth below, it is hereby agreed by and between the parties hereto as
follows:
1. INCORPORATION OF RECITALS. The representations set Forth in the
foregoing recitals are material to this Amendment and are hereby incorporated into and made apart
of this Agreement as though they were fully set forth in this Article 1.
2. AM.ENDMENT. Article 7 of the Redevelopment Agreement is hereby amended
by deleting the words "one hundred twenty (120) days" in the second (2"d) line of the fourth
paragraph and substituting in lieu thereof the words "the March 11 immediately -Following the
opening of the new City of Evanston parking garage in the Northwestern University Research Park".
3. REMAINDER IN EFFECT. The remaining terms and provisions of the
Redevelopment Agreement shall remain in full force and effect.
4. pUPIACATE ORIGINAL& Taus Amendment may be executed in two or more
counterparts, each of which is deemed to be an original.
S. CAPTIONS. The captions in this Amendment are inserted for convenience of
reference only and in no way define, describe or limit the scope or intent of this Amendment of any
of the provisions thereof.
6. TIME Time is of the essence of this Amendment. •
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11890 OAK LLC
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BY.
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Name: Stephen kidel r .= sx '_ -.
Title:
SELLFjR.
CITY OF EVANSTON -
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