HomeMy WebLinkAboutRESOLUTIONS-2000-053-R-00•
5/18/00
53-R-00
A RESOLUTION
Authorizing the City Manager to Execute an
Assignment and Assumption of Restated
Hotel Parking Lease With AHC Evanston LLC and
Evanston Hotel Associates, LLC
WHEREAS, AHC Evanston, LLC is the developer of the Hotel Parcel pursuant to
the Redevelopment Agreement authorized by 68-R-98; and
WHEREAS, the City and AHC Evanston, LLC entered into a Hotel Parking Lease
and Restated Hotel Parking Lease; and
WHEREAS, the Redevelopment Agreement allows AHC Evanston, LLC to assign
• certain rights and responsibilities pertaining to the Hotel Parcel to a qualified assignee; and
WHEREAS, the assignee, Evanston Hotel Associates, LLC is qualified pursuant to
the terms of the Redevelopment Agreement; and
WHEREAS, pursuant to the Redevelopment Agreement, the City is to agree to an
assignment to a qualified assignee,
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 is hereby authorized and directed to attest on behalf of the City of Evanston,
an Assignment and Assumption of Restated Hotel Parking Lease, attached hereto as
0 Exhibit A and made a part hereof, by and between the City, AHC Evanston LLC, and
53-R-00
Evanston Hotel Associates, LLC. •
SECTION 2: That the City Manager is hereby authorized and directed to negotiate
any additional terms of the 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 its
passage and approval in the manner provided aw.
� }Mayor
jiiy]Clerk
Adopted: 1,� �.ip -2—'2—, , 2000
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