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HomeMy WebLinkAboutORDINANCES-1975-063-O-75Adopted as Amended 8-4-75 • 63-0-75 AN ORDINANCE Requiring Disclosure of Ownership Interests in Entities Seeking City Council Approval on Real Estate (hatters BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: That the Code of the City of Evanston, 1957, as amended, is hereby further amended by adding thereto the following sections 1-19.1 to 1-19.4, which shall read as follows: 1-19.1. Whenever any corporation; partnership; association; business trust; estate; two or more persons having a joint or common interest; other commercial or legal entity; trustee of a land trust; or any beneficiary or beneficiaries thereof makes application to the City of Evanston for action requiring an ordinance, or ordinance amendment, City Council approval, or other City approval with respect to sale or purchase of real estate, zoning, vacation of streets and alleys, leases, and any other contracts having to do with real property, the following disclosures and information shall be cer- 0 tified and attached to the application: 1. (a) In the case of a corporation having 100 shareholders or more, the names and addresses of all shareholders owning shares equal to or in excess of 3% of the proportionate ownership interest and the percentage of interest of each therein; or (b) In the case of a corporation having shareholders fewer than 100, a list of the names and addresses of all such shareholders and the percentage of interest of each therein. (c) Any corporation required by law to file a statement providing substantially the information required by subsections l(a) and l(b) with any other governmental agency may file a duplicate of such statement. 2. In the case of partnerships, associations, two or more persons having a joint or common interest, the name and address of each partner or associate or person and the percentage of interest a f 63-0-75 -2- of each therein. 3. In the case of land trusts, business trusts, estates, or other similar commercial or legal entity, the identity of each beneficiary • of such trust, estate, or commercial or legal entity, including name, address and percentage of interest of each therein. 4. Whenever any interest required to be disclosed in paragraphs 1, 2, and 3 is held by an agent or agents, or a nominee or nominees, the principals for whom such agents or nominees hold such interest shall also be disclosed. The application of a spouse or any other party, if constructively controlled by another person, or legal entity as set forth above, shall state the name and address of such person or entity possessing such constructive control and the relationship under which such control is being or may be exercised. Whenever a stock or beneficial interest is held by a corporation or other legal entity, such shareholder or beneficiary shall also make disclosure as required by paragraphs 1, 2 and 3 • above. 5. A statement under oath that the applicant has withheld no disclosures as to interests in the undertaking as required above nor reserved any information, data or plan as to the intended use or purpose for which it seeks City Council action. 1-19.2. All disclosures and information shall be current as of the date upon which the application is presented to the City Council, and shall be maintained current until such time as the City Council shall take action on the application. 1-19.3. Notwithstanding any of the above provisions, the City Manager may require any such additional information from any applicant which is reasonably intended to achieve full disclosure relevant to the application for action by the City Council. 1-19.4. Failure to comply with the provisions of this ordinance, at • the option of the City Council, shall render any Council action on behalf ,. ^�eA� �:.a�::�"•.�.'H'`+i . •t' wr.T .. �y.�...i. r 'ti..'�" � ` t'^ {'r Yw�-.�:�.+ r. .. .. Fir �:r - ". i.-.'x� `•w�. �d� mow, z��� �'+1,.'.,r.. �'' �-,.e+,L. �'� - _�1 . 63-0-75 -3- of an applicant hereunder, voidable a'nd shall be punishable by a fine equal to 20% of the value of such transaction. SECTION 2: This ordinance shall be in full force and effect from and after its passage, approval and publication in the manner • provided by law. 0 Introduced: :5U t. Y I Adopted: Awrwvr 4 ATTEST: f VWt.— iClerk ,1975 ,1975 Approved: IrJ4 T T ,1975 �Wlayor l Approved as to for �7► , �6rporation Co—unsel - 9:r`'= ;1 -2- �r f; Lot 4 in Leonhardt's Subdivision of part of the Northwest Quarter of I the Northwest Quarter lying West of Ridge Road in Section 18, Township ! 41 North, Range 14, East of the Third Principal Meridian in Cook it County, Illinois, ilbe and is hereby denied. l SECTION 2: That the application of G & S Mortgage Company as sole beneficiary under National Bank of Albany Park, Trust No. Ill-1040 as owner and American Hospital Supply Corporation as prospective 11purchaser for a Special Use to allow expansion of the existing automobile park- 'iing lot which is adjacent to the East onto the aforementioned property located ,r � ,at the aforesaid 1219 Leon Place be granted subject to compliance with all :,other provisions of the Zoning Ordinance and other applicable laws. j j r I{ 1 SECTION 3: The Director of Inspections and Permits is hereby ordered and directed to grant such permits as shall be required Ito effectuate provisions of this ordinance. SECTION 4:. This ordinance shall be in full force and effect from t and after its passage, approval, and publication in the 1 •manner provided by law. � i ;Introduced July 21 ,1975 i, ;;Adopted August 4 ,1975 Approved August 4 ,1975 j /s/ Edgar Vanneman, Jr. Mayor ' -ATTEST: /s/ Maurice F. Brotim i City Clerk if i } `Approved as to form: /s/ Jack M Siegel i Corporation Counsel Ez i+ s i ii 1