HomeMy WebLinkAboutORDINANCES-2001-064-O-01n
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05/30/2001
64-0-01
AN ORDINANCE
Authorizing the City Manager to Enter into a
Real Estate Contract for the Sale of Property
At 1624-1630 Sherman Avenue, Evanston, Illinois
WHEREAS, the City of Evanston has filed a condemnation suit on the real property
commonly known as 1624-1630 Sherman Avenue, Evanston, Illinois, legally described as
follows:
[SEE EXHIBIT A]
WHEREAS, the City of Evanston has deposited $100,000 in said condemnation
proceeding; and
• WHEREAS, the City will pay the balance and acquire the Property on July 16, 2001;
and
WHEREAS, the City Council of the City of Evanston has determined that the best
interests of the City of Evanston would be served by the sale of said real estate on July 16,
2001; and
WHEREAS, pursuant to Ordinance 63-0-01 the City Council by a vote of 2/3 of the
elected Aldermen then holding office did direct that the process to sell said Property be by
negotiation on behalf of the City; and
WHEREAS, pursuant to said Ordinance, the negotiations have occurred; and
WHEREAS, the City Manager recommends that a sale between the City of
Evanston, as seller, and Sherman Plaza Venture, LLC, as buyer, be hereby accepted by
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64-0-01
the City Council of the City of Evanston for the aforesaid real property, as legally described
in this Ordinance; and
WHEREAS, the City Council finds and determines that the best interest of the City
of Evanston and its residents will be served by conveying the aforesaid real property to
Sherman Plaza Venture, for the sum of $1.00 (one and no/100 dollar) and other good and
valuable consideration; and
WHEREAS, the notice of intent to sell City property has been published in a
newspaper of general circulation in the City of Evanston, as required by ordinance;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City Council of the City of Evanston finds as fact the recitals •
hereinabove set forth.
SECTION 2: That the negotiated sale to Sherman Plaza Venture, as buyer, is
hereby approved by the City Council of the City of Evanston for the real property as legally
described in this Ordinance and located at 1624-1630 Sherman Avenue, Evanston, Illinois.
SECTION 3: That the City Manager and the City Clerk, respectively, are hereby
authorized and directed to execute, attest, and deliver such documents, agreements and
certificates as may be necessary to the sale herein authorized, including other documents
referred to in said contracts.
SECTION 4: That all ordinances or parts of ordinances in conflict herewith are
hereby repealed.
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64-0-01
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SECTION 5: That this ordinance shall be in full force and effect upon passage and
approval.
Introduced:
Adopted:
ATTEST
90�
Approve
•
•
, 2001
, 2001
Approved: 2001
Mayor
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EXHIBIT A
LOTS 1 TO 3 IN THE RESUBDIVISION OF LOTS 1 TO 5 IN BENSON'S
SUBDIVISION OF BLOCK 65 IN EVANSTON IN SECTION 18, TOWNSHIP
41 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN
COOK COUNTY, ILLINOIS.
PIN: 11-18-304-009
1624-1630 Sherman Avenue
Evanston, Illinois
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