HomeMy WebLinkAboutORDINANCES-1993-004-O-93•
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AN ORDINANCE
Authorizing the City Manager to Execute
a Revised Redevelopment Agreement
Between the City of Evanston,
Dayton Hudson Corporation and
NCC Evanston Associates Ltd. Partnership
WHEREAS, 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 twenty
three (23) acres of land (said entire twenty-three (23) acres is
hereinafter referred to as the Redevelopment Project Area"); and
WHEREAS, Dayton Hudson Corporation and the NCC Evanston
Associate Ltd. Partnership, a Michigan Limited Partnership,
General Partner, NCC Evanston, Inc. a Michigan Corporation
(collectively referred to herein as the "Developer") are the
developers of the Howard-Hartrey Shopping Center ("Center")
located on the north side of Howard Street just east of McCormick
Boulevard, and west of Hartrey Street in Evanston, Illinois; and
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WHEREAS, the Developer has proposed a plan to redevelop
land which falls within the Redevelopment Project Area, and the
City has determined that said proposed plan is consistent with
and complies with the City's Redevelopment Plan and Redevelopment
Project for�the Howard-Hartrey TIF District; and
WHEREAS, the City Council on September 21, 1992
authorized and directed the City Manager to enter into a
Redevelopment Agreement concerning the redevelopment of the
center property; and
WHEREAS, the Redevelopment Agreement has not been
executed by all the parties; and
WHEREAS, further negotiations have ensued between the
parties concerning the terms and conditions of the Redevelopment
Agreement; and
WHEREAS, certain changes to the Redevelopment Agreement
previously approved by Council are determined --to be 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;
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 the
revised redevelopment agreement marked as Exhibit A, attached
hereto and incorporated herein by reference. The City Manager is
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authorized to execute said 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.
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.
Introduced: , 1993
Adopted: �r���� �/c , 1993
/ Approved: : `yll n (16
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Mayor
ATTE T •z -
- L
City Clerk
A p v as to rm:
Corporati n ounsel
, 1993