HomeMy WebLinkAboutRESOLUTIONS-2000-069-R-00is
7/5/00
69-R-00
A RESOLUTION
Authorizing the Lease and Rider A of
860 Chicago Avenue to City Newsstand, Inc.
WHEREAS, the City of Evanston owns certain real property at 860 Chicago Avenue
legally described in Exhibit A attached hereto and made a part hereof; and
WHEREAS, said real property is improved with a one-story building known as the Main
Street Newsstand; and
WHEREAS, City Newsstand, Inc., has proposed to lease the building at 860 Chicago
Avenue from the City; and
• WHEREAS, the City is desirous of leasing 860 Chicago Avenue to City Newsstand, Inc.
WHEREAS, the City Council of the City of Evanston has determined that the best
interests of the Citizens of Evanston would be served by the leasing of said property to City
Newsstand, Inc.; and
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 the Lease and Rider
A and between the City as Lessor and the City Newsstand Inc., as Lessee for an initial term of
two (2) years with two five-year term extension options, at a rental of $458.34 per month for
40
the term of July 1, 2000 through June 30, 2002, with a provision for a maximum of three
months rent abatement during rehabilitation of the property. Lessee is responsible for the cost
of improvements, real estate taxes, insurance, and maintenance.
SECTION 2: The City Manager is hereby authorized and directed to negotiate any
additional terms and conditions on the aforesaid Lease and Rider A 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 following its passage
and approval in a manner provided by law.
Adopted: /i i I
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Mayor
2000
2
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EXHIBIT A
• TO
RESOLUTION
69-R-00
THAT PART OF LOT 12 (EXCEPT THE WEST 28 FEET
THEREOF) IN BLOCK 12 IN WHITE'S ADDITION TO
EVANSTON IN THE WEST HALF OF THE SOUTHEAST
QUARTER OF SECTION 19, TOWNSHIP 41 NORTH, RANGE
14, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN
EVANSTON, COOK COUNTY, ILLINOIS, DESCRIBED AS
FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF SAID LOT
12; THENCE ALONG THE NORTH LINE OF SAID LOT 12,
AND ON AN ASSUMED BEARING, SOUTH 89 DEGREES 08
MINUTES 09 SECONDS WEST 58.02 FEET; THENCE SOUTH
14 DEGREES 55 MINUTES 00 EAST 46.15 FEET; THENCE
NORTH 81 DEGREES 41 MINUTES 25 SECONDS EAST 53.33
• FEET TO THE EAST LINE OF SAID LOT 12; THENCE,
ALONG SAID EAST LINE NORTH 09 DEGREES 58 MINUTES
06 SECONDS WEST 38.34 FEET TO THE POINT OF
BEGINNING
•