HomeMy WebLinkAboutORDINANCES-2000-047-O-00171
04/12/00, 03/22/00
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AN ORDINANCE
Authorizing the City Manager to Enter into a
Real Estate Contract for the Sale of Property
At 1234-1238 Chicago Avenue, Evanston, Illinois
WHEREAS, the City of Evanston owns the real property commonly known as 1234-
1238 Chicago Avenue, Evanston, Illinois, legally described as follows:
LOTS 1, 2 AND 3 IN F.B. BREWER'S SUBDIVISION OF THE SOUTH 137
FEET (EXCEPT THE RAILROAD) OF THE NORTH 312 FEET OF BLOCK
1 OF SNYDER'S ADDITION TO EVANSTON, A SUBDIVISION OF THE
NORTH Y2 OF THE NORTHWEST '/a , EAST OF THE RAILROAD AND
WEST OF CHICAGO AVENUE, IN SECTION 19, TOWNSHIP 41 NORTH,
RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN THE CITY OF
• EVANSTON, COOK COUNTY, ILLINOIS.
WHEREAS, the City Council of the City of Evanston has determined that the
ownership of the aforesaid real estate is no longer necessary, appropriate, required or in
the best interest of the City of Evanston; and
WHEREAS, the City Council of the City of Evanston has determined that the best
interest of the City of Evanston would be served by the sale of said real estate to a
qualified party for private use; and
WHEREAS, pursuant to Ordinance 24-0-00 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
is
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 TR Chicago Avenue Partners, L.P., as buyer, be hereby accepted
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by 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 TR
Chicago Avenue Partners, L.P., for the sum of $850,000.00 (eight hundred fifty thousand
and no/100 dollars) 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 TR Chicago Avenue Partners, L.P., 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 1234-1238 Chicago Avenue,
Evanston, Illinois.
SECTION 3: That the City Manager is hereby authorized and directed to sign, and
the City Clerk is hereby authorized and directed to attest, the Contract in Exhibit A,
attached hereto and made a part hereof, pursuant to the terms of which the subject
property shall be conveyed. The City Manager is further authorized to negotiate any
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changes or additional terms and conditions with respect to the sale of the aforesaid real
property as he may deem fit and proper, including that a Redevelopment Agreement be
entered into between the City and TR Chicago Avenue Partners, L.P.
SECTION 4: That the City Manager and the City Clerk, respectively, are hereby
authorized and directed to execute, attest, and deliver such other documents, agreements
and certificates as may be necessary to the sale herein authorized, including other
documents referred to in said contracts.
SECTION 5: That all ordinances or parts of ordinances in conflict herewith are
hereby repealed.
SECTION 6: That this ordinance shall be in full force and effect upon passage and
approval.
Introduced: ` %l.i
Adopted:
ATTEST:
-�Jalerk
Appr ved as to form:
i
Corporation Counsel
, 2000
, 2000
�ppr6fved: r '. '�-i _. -� , 2000
JLA
-- `Mayor
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