HomeMy WebLinkAboutORDINANCES-1996-087-O-968/21 /96
08/27/96
87-0-96
• AN ORDINANCE
Authorizing the City Manager to Execute Certain Documents
WHEREAS, the City of Evanston ("City") and Northwestern University ("University")
have entered into a Statement of Understanding with respect to the Evanston/University
Research Park dated as of February 5, 1986 (herein called the "Original Statement") which
Statement sets forth the terms and conditions on which City and University will jointly
endeavor to develop a research park ("Research Park") of approximately 22 acres bounded
on the south by Davis Street, on the east by the CTA elevated tracks, on the north by
Emerson Street and on the west by the Chicago and Northwestern Railroad tracks in
Evanston, Illinois; and
WHEREAS, the City and the University amended the Statement of Understanding on
June 23, 1986; and
WHEREAS, the City and the University amended the Statement of Understanding on
October 9, 1995; and
WHEREAS, the City and the University and TOPCORP, Inc. entered into an
Agreement for the Purchase and Sale of certain real estate dated October 3, 1986; and
WHEREAS, the City and the University and TOPCORP, Inc. entered into a First
Supplement of the Agreement for the Purchase and Sale on December 20, 1990; and
WHEREAS, the City and the University and TOPCORP, Inc. entered into a Second
Supplement of the Agreement for the Purchase and Sale of real estate dated October 3,
1995; and
WHEREAS, the City, the University and Northwestern University/Evanston Research
• Park, Inc. ("NUERP") as successor to TOPCORP, Inc. wish to modify certain terms of the
aforesaid Agreement for the Purchase and Sale to reflect certain understandings between the
parties.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City Manager be and is hereby authorized and directed .to sign
Exhibit A, attached hereto and incorporated herein by reference, a letter dated August 27,
1996, setting forth the certain understandings and agreements between the City, University
and NUERP concerning the Research Park.
SECTION 2: That the City Manager is hereby authorized and directed to sign
amendments or supplements to the Agreement for the Purchase and Sale consistent with
Exhibit A.
SECTION 3: That all ordinances or parts of ordinances in conflict herewith are hereby
repealed.
SECTION 4: That this ordinance shall be in full force and effect from and after its
passage, approval, and publication in the manner provided by law.
Introduced
Adopted:
City Clerk
Appro ed as to fo m:
�. Q4
Corporation Counsel \
/ , 1996
, 1996
K
Or ,1996
i
Mayor
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