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HomeMy WebLinkAboutORDINANCES-1976-069-O-76t 12/7/76 69-0-76 AN ORDINANCE • Granting a Special Use for an Institutional Headquarters at 1813 Hinman Avenue, Evanston, Illinois WHEREAS, on May 18, 1976 and June,13, 1976 the Zoning Board of Appeals conducted a Public Hearing upon the applica- tion of the American Academy of Pediatrics to permit retention of the use as an Institutional Headquarters of property located at 1813 Hinman Avenue, Evanston, Illinois, a U2 University District, said public hearing having been conducted pursuant to notice and publication thereof as provided by law; and WHEREAS, the Zoning Board of Appeals has recommended that such relief be granted; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF.EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: That the application of the American Academy of Pediatrics for a special use to permit retention of the .use as an Institutional Headquarters of property located at,1813 Hinman Avenue, Evanston, Illinois and legally described as: Lot 7 (except the Northly 10 feet thereof) and the Northerly 12 feet of Lot 8 in the Resubdivision of Lots S to 14 in Block 12 in Evanston in Section 18, Township 41 North, Range 14, East of the Third Principal Meridian in Cook County, Illinois. be and hereby is granted subject to compliance with all other • provisions of the Zoning Ordinance, other applicable laws, and the following conditions: 11 69-0-76 -2- a) That the owner shall make an annual contribution in • lieu of taxes to be calculated by the following formula: 1. The appraisal made for the Township Assessor of the subject property of $78,000.00 shall be accepted as fair market value for the purpose of calculating the aforesaid contribution; 2. In ascertaining the base for calculation of said contribution, 16% of the aforesaid $78,000.00 shall be used since the Assessor of Cook County has made public his intention of using.this as a base for residential properties in the North quadrant beginning with the tax year 1976, rather than the current 22%; 3. Using the aforementioned figures as a base, applying 1975 equalization factor ;of 1.4483 and also using the current tax rates of School Districts 65 and 202, the Township of Evanston, General Assistance of Evanston Township and the City of Evanston, said tax rates totalling 9.243%, a -total figure of $1,670.65 is obtained; 4. A contribution in lieu of taxes of.$1,670.65 shall be made annually by the owner for a period of fifteen (15) years following the adoption of this ordi- nance, at which time the fair market value of the subject • property for single-family residential use shall be re- appraised by a method approved by the City and the owner, • • • 69-0-76 ' -3- and the percentage of fair market value utilized to determine assessed value then in use by the Cook County Assessor shall be applied to the then current equalization factor and tax rates for the above -mentioned taxing bodies to determine the annual contributions that shall be made by the owner for the next ten (10) years. A similar pro- cedure shall be applied every ten (10) years thereafter. If property is not taxed by this method at any re- evaluation date then the City and the Owner shall renego- tiate the annual contribution. b) That a covenant of agreement to the above condition shall be submitted in recordable form by the applicants. SECTION 2: The Director of Inspections and Permits is hereby ordered and directed to grant such permits as shall be required to effectuate the provisions of this ordinance. SECTION 3: This ordinance shall be in full force and effect from and after its passage and approval in the manner provided by law. Introduced &jg4ffpj!%ML !j , 1976. Adopted _P64.1sw"m (a ) 1976 Approved ATTEST: //Mays • • City Clerk Approved as to form: '; .j. Corporation Q6unsel 197E 0�