HomeMy WebLinkAboutRESOLUTIONS-1969-036-R-69•
a`L
RESOLUTION
:;6-R- 69
WHEREAS the City Council of Evanston adopted resolution
6-R-69 authorizing the filing of an application and execution of
contracts with the Department of Housing & Urban Development for
a Federal Open Space Grant to assist in acquiring and developing
property commonly known as 719-727 Madison Street (odd numbers)
and 718-26 Washington Street (even numbers); and
WHEREAS said application has been filed and a letter of
consent has been received from the Department of Housing & Urban
Development authorizing the city to proceed to purchase the
property, subject to approval of the project; and,
WHEREAS preliminary discussions have taken place be-
tween representatives of the city and the property owners inform-
ing them of the City's interest in said property, during which
the owner of 722-24 Washington indicated his desire to negotiate
with the City; and
WHEREAS the Department of Housing & Urban Development
regulations require that if a property is to be acquired prior to
obtaining HUD concurrence in acquisition price, "the applicant
shall, before starting negotiations, obtain two competent indep-
endent appraisals of the property and, after considering the
appraisals, make a determination, by resolution by its governing
body, of the fair market value of property. The initial offer
to the owner shall be in the full amount of the evaluation so
determined. . . ."; and
WHEREAS the city has obtained two competent independent
• appraisals of the property commonly knovr as '722.-24 Washington
Street, said appraisals being, respoctively:
722-24 Washington — One for $70,000
One for $6?;300
• NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON:
1. That it is hereby determined, based on full consider-
ation of the above mentioned appraisals, that the fair market
value of the property commonly known as 722-2t4 Washington Street
is $70,000.
2. That the City Manager is hereby authorized to make
an initial offer to the owner in the full amount of said fair
market value, and to purchase the property ofibehalf of the City
of Evanston for said amount.
APPROVED/s/ John D. Emery
Mayor
•
ATTEST:
/s/ Maurice F. Brown
City Clerk
Adopted August 2 1969
Recorded 1969
APPROVED AS TO FORM:
s_ Jack M. Siegel
Corporation Counsel
•