HomeMy WebLinkAboutRESOLUTIONS-2001-076-R-01•
10/16/01
76-R-01
A RESOLUTION
Authorizing the City Manager to Enter Into a
Public Improvements Construction Agreement
WHEREAS, the City of Evanston, an Illinois municipal corporation ("City") and
Sherman Plaza Venture, LLC, an Illinois limited liability company ("Developer"), have
entered into that certain Redevelopment Agreement dated July 9, 2001, and amended
by that certain First Amendment to Redevelopment Agreement dated October, 2001
("the Redevelopment Agreement"), which provides for the redevelopment of the Subject
Property, as described in the Redevelopment Agreement, consisting of the Private
Development and the Public Development; and
• WHEREAS, the Public Development includes the construction of a parking
garage for approximately 1,591 standard size cars with approximately 10,200 square
feet of ground floor retail space and containing loading docks and service drives on the
ground floor serving the Private Development (the "New Garage"). A portion of the New
Garage containing approximately [256] parking spaces will be devoted to the exclusive
use of the Condominium Project; and -
WHEREAS, City is or will become the owner of a certain parcel of real estate
described in the Redevelopment Agreement. The Garage Parcel will be subdivided into
two lots. One lot encompasses that portion of the Garage Parcel devoted to the
Residential Parking (which is hereinafter referred .to as the "Residential Parking
0 Parcel"). The second lot encompasses the remainder of the Garage Parcel (which is
76-R-01
hereinafter referred to as the "City Parcel"). The City will convey the Residential •
Parking Parcel to Developer (or its designee) in accordance with the terms and
conditions of the Redevelopment Agreement; and
WHEREAS, City desires to engage Developer as its development manager for
the purpose (1) demolishing the Existing Garage Structure, (2) improving the Garage
Parcel with the New Garage, (3) constructing the Detention Basin on the Garage Parcel
for the benefit of the Development, and (4) completing certain site improvements,
including sidewalks and landscaping within the public way adjoining the Garage Parcel
(collectively referred to herein as "Developer's Services"). Developer desires to accept
such engagement as City's development manager; and
WHEREAS, because the Residential Parking Parcel is a part of the New Garage,
Developer will also act as development manager for the benefit of the Condominium 40
Project in the construction of the New Garage; and
WHEREAS, the Public Improvements Construction Agreement has been
reviewed and approved by the Economic Development Committee; and
WHEREAS, said Agreement is in the best interests of all of the residents of
Evanston; 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 to sign the Public
Improvements Construction Agreement marked as Exhibit A attached hereto and
incorporated herein by reference.
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76-R-01
SECTION 2: That the City Manager is further authorized to negotiate any
additional terms and conditions as may be necessary, appropriate, and 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 law.
Lorraine H. Morton, Mayor
ATTEST:
t lerk
Adopted: 2001
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