HomeMy WebLinkAboutRESOLUTIONS-2013-031-R-13• 5/8/2013
4/25/2013
31-R-13
A RESOLUTION
Authorizing the City Manager to Negotiate with PARC Investment
Properties, LLC Regarding a Parking Lease
For 1890 Maple Avenue
WHEREAS, PARC Investment Properties, LLC ("PARC") is the successor -
in -interest to a parking lease approved by Council via Resolution 88-R-00 (the "Lease");
and
WHEREAS, the Lease executed between the City and PARC's
predecessor -in -interest 1890 Maple LLC was recorded on October 30, 2000 as
Document No. 0085277; and
0 WHEREAS, the Lease with PARC's predecessor -in -interest was executed
13 years ago, and spoke to conditions and obligations existing at 1890 Maple Avenue
which were markedly different than such conditions and obligations existent at the
subject property during the last 4 years; and
WHEREAS, following the City Council's adoption of Ordinance 5-0-13 on
January 28, 2013, the City received a request from PARC's attorneys that the Lease be
terminated and a release of the Lease be recorded,
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, THAT:
SECTION 1: The Corporation Counsel is hereby authorized to request
and obtain from PARC's attorneys a copy of the Title Report for 1890 Maple Avenue
31-R-13
and to review such Report to verify all currently existing conditions relative to the title at
1890 Maple Avenue.
SECTION 2: Upon completion of the review authorized in Section 1 of
this Resolution, the City Manager is hereby authorized to execute a release and
termination ("Release") of the Lease, to be prepared and recorded at the sole expense
of PARC Investment Properties, LLC, and which shall be approved as to form by the
Corporation Counsel prior to recording.
SECTION 3: This resolution shall be in full force and effect from and after
its passage and approval in the manner provided by law.
MAttes
Rq�ney GAne-, City Clerk
Adopted:-'ia..l 3 2013
Eliz th B. Tisdahl, Mayor
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