HomeMy WebLinkAboutORDINANCES-1994-095-O-94PV -08-30-94
95-0-94
AN ORDIIeINCE --
Approving the'Terms and Authorizing
The City Manager to Execute
a Redevelopment Agreement for the Redevelopment
of the former Washington National Insurance Headquarters Site
WSBREAS, the City of Evanston has undertaken a program
for the redevelopment of certain property within the City, pursuant
to Illinois Revised Statutes, Chapter 24, Section 11-74.4-1 et
sec., known as the ■Tax Increment Allocation Redevelopment Act,"
(hereinafter referred to as the "Act"); and
WHEREAS, pursuant to the provisions of the Act, the City
has enacted a series of ordinances adopting a Tax Increment
Redevelopment Area Redevelopment Plan and Project and designating
a Redevelopment Project Area containing approximately eighty-three
thousand square feet acres of land (said entire eighty-three
thousand square feet acres is hereinafter referred to as the
"Redevelopment Project Area■) and is legally described on Exhibit
A which is attached hereto and made a part hereof; and
WHEREAS, Church and Chicago Limited Partnership ("CCLP")
which shall acquire the Redevelopment Project Area, JBC Evanston
Limited partnership, an Illinois limited partnership ("JBC") the
general partner of CCLP, Washington National Insurance Company, an
Illinois corporation (•WNC") the limited partner of CCLP and the
John Buck Company ("Buck"), are the proposed developer of the
• Redevelopment Project Area.
WHEREAS, the Developer has proposed a plan to redevelop
land
within the Redevelopment Project Area,
and the
•
City
has determined that said proposed plan
is consistent with and
complies with the City's proposed Redevelopment Plan and
Redevelopment Project for the proposed_TIF.District; and
WHEREAS, the proposed redevelopment of the property is in
the vital and best interest of the City and the general -health,
safety and welfare of its citizens and in accordance with public
purposes and the provisions of all applicable laws; and
WHEREAS, the Corporate Authorities of. the City of
Evanston have reviewed the provisions of this redevelopment
agreement and have deemed that it is in the best interests of the
City of Evanston to enter into such agreement for redevelopment;
and
WHEREAS, the implementation of the redevelopment 0
agreement is in the best interests of the City.
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 execute a redevelopment agreement
governing the redevelopment of the property which is in substantial
conformity with the redevelopment agreement marked as Exhibit B,
attached hereto and made a part hereof. The Manager is authorized
to execute said redevelopment agreement only after its execution by
each of the other parties to the agreement.
SECTION 2: All ordinances or parts of ordinances in
conflict herewith are hereby repealed.
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SECTION 3: That this ordinance shall be in full force
and effect from and after its passage, approval and publication in
the manner provided by law.
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Introduced: 1994
Adopted: �ti a- �' , 1994�'
A P r ed: �i� s��/, 1994
— Mayor
G- ' B�, � C,Cz�
z
City Clerk
Ap rc ived as do f orm
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