HomeMy WebLinkAboutRESOLUTIONS-2000-050-R-005/18/00
50-R-00
A RESOLUTION
Authorizing the City Manager to Execute the Fourth
Amendment to the Redevelopment Agreement with
AHC Evanston, LLC, an Illinois LLC, for the Downtown Development
WHEREAS, the City of Evanston has determined that the southern portion of the
Research Park should be redeveloped with commercial activities; and
WHEREAS, the Northwestern University Evanston Research Park Board issued
Requests For Proposals for the redevelopment of the southern portion of the Research
Park; and
WHEREAS, said Requests For Proposals set forth a desired development project
01 to include a multi -screen cinema, a hotel, retail, commercial and a senior center; and
WHEREAS, AHC Evanston, LLC, an Illinois LLC, was designated as the developer
pursuant to 96-R-97 and 16-R-98; and
WHEREAS, pursuant to Resolution 68-R-98 the City entered into a Redevelopment
Agreement with AHC Evanston, LLC, an Illinois LLC, for the Research Park; and
WHEREAS, pursuant to Resolution 75-R-98 a First Amendment was made to the
Redevelopment Agreement; and
WHEREAS, pursuant to Resolution 30-R-99 a Second Amendment was made to
the Redevelopment Agreement; and
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50-R-00
WHEREAS, pursuant to Resolution 8-R-00 a third Amendment was made to the
Redevelopment Agreement; and
WHEREAS, it is necessary and in the best interest of the City that certain Fourth
Amendment be made to the Redevelopment Agreement,
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,
certain Fourth Amendment to the Redevelopment Agreement with AHC Evanston, LLC,
an Illinois LLC, for the Downtown Development, attached hereto as Exhibit A.
SECTION 2: That the City Manager is hereby authorized and directed to negotiate
any additional conditions of the Redevelopment Agreement as may be determined to be
in the best interests of the City.
SECTION 3: That the City Manager is authorized to sign said Fourth Amendment
to the Redevelopment Agreement only after the execution of Exhibit A to 51-R-00 (the
Redevelopment Agreement for Lot 1, Parcel 18.)
SECTION 4: 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 law.
tll Adopted: 2000
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