HomeMy WebLinkAboutRESOLUTIONS-1979-018-R-79•
3/20/79
18-R-79
A RESOLUTION
Authorizing Exercise of the Purchase Option
with Northwestern University for 1811
and 1815 Benson Avenue
WHEREAS, The City Council of the City of Evanston did on
December 21, 1978 pass ordinance 99-0-78 certifying for a redevelopment
project certain plans and specifications for a site located in the
"Benson Triangle" area of Clark Street, Sherman Avenue, Elgin Road, and
Benson Avenue; and
WHEREAS, in furtherance of development of said project it is in
the best interests of the City to fully acquire and assemble a unified site,
which site is to be offered for sale and development pursuant to ordinance
14-0-79; and
WHEREAS, the City of Evanston did on August 16, 1978 enter into
an option agreement with Northwestern University, the current owner of
property at 1.811 and 1815 Benson Avenue, located within the Certified
Redevelopment Project, said agreement providing for a sales price of two
hundred four thousand six hundred dollars ($204,600) of that property as
I legally described in and on terms more fully set forth in said agreement
which is attached to and incorporated by reference into this resolution:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Evanston that the City Manager be and hereby is authorized and directed
to exercise the option provided for in the attached "Option Agreement For
Purchase of Land" of August 1.6, 1978 according to the terms contained therein.
ATTEST: 1y//
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City Clerk
Adopted: