HomeMy WebLinkAboutORDINANCES-2002-100-O-02•
10/09/2002
100-0-02
AN ORDINANCE
Authorizing the City Manager to
Execute a Reciprocal Easement and
Operating Agreement for Sherman Plaza
WHEREAS, the City Council approved the Redevelopment Agreement with
Sherman Plaza Venture on July 10, 2001 amended by Ordinance 105-0-01 on
October 22, 2001; and
WHEREAS, under the Redevelopment Agreement, the City agreed and
contractually committed to lease a sufficient number of parking spaces to satisfy the
• parking requirements established by City ordinances as they apply to the Health Club in
Sherman Plaza; and
WHEREAS, the City Council of the City of Evanston does hereby determine that it
is in the City's best interest to enter into a Reciprocal Easement and Operating Agreement
with Sherman Plaza Venture for Sherman Plaza,
NOW THEREFORE, BE IT ORDAINED 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 is hereby authorized and directed to attest on behalf of the City of Evanston,
a Reciprocal Easement and Operating Agreement, attached hereto as Exhibit A and made
0
a part hereof, between the City of Evanston and Sherman Plaza Venture.
100-0-02
SECTION 2: That the City Manager is hereby authorized and directed to negotiate •
any additional terms of the Agreement as may be determined to be in the best interests of
the City.
SECTION 3: That this Ordinance shall be in full force and effect from and after
its passage and approval in the manner provided by law.
Introduced:-
+'' 2002
Adopted: l J L:�-C�- �'L , 2002
Approved:
2002
Mayor pro tem
ATTEST:
i ty Gl rk
Ailr ved as t form:
Corporation Counsel
•
-2-