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' 3/20/79
19-•R-79
RESOLUTION
Authorizing purchase of Evanston Fuel and
Material for a new city yard site
WHEREAS, it is in the interest of the City of Evanston to
acquire for use for City Yards property in a location proximate to the
new municipal building located at Ridge, Leon, and Asbury and to dis-
pose of the existing city yard site for eventual commercial and resi-
dential redevelopment and
I
WHEREAS, the City of Evanston has been granted an option to
purchase property located at Leon and Asbury by its current owners, the
Evanston Fuel and Material Company, and the Evanston Bank as trustee
under Trusts 704 and 736 at a purchase price of $750,000 under terms as
• described in an option agreement dated April 6, 1978 and extended to
March 31, 1979 by agreement of September 29, 1978,
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 for purchase of the Evanston Fuel and
Material property as legally described in and on the terms set forth
in the option agreements of April 6, 1978 as extended on September 29,
1978, to set up necessary earnest money escrow accounts on terms favor-
able to the city, and to execute any and all required contracts.
ATTEST:
City Clerl/
Adopted: ���� �� 1979 '