HomeMy WebLinkAboutRESOLUTIONS-1972-049-R-7249-f,,72
RESOLUTION
Establishing Fair Market Value of
Washington -Madison Properties
WHEREAS, the City of Evanston, a municipal corporation, has
made application under the Housing and Urban Development Act of
1970 for an open space grant; and
WHEREAS, the Act required the applicant to adopt a resolu-,
tion establishing the fair market value of each property to be
acquired; and
WHEREAS, each property to be acquired under the open space
grant has been appraised by two independent appraisers; and
WHEREAS, said independent appraisals.have been reviewed
by an experienced staff appraiser; and
WHEREAS, the reviewing appraiser has reviewed the appraisal
reports and made on site inspections of the properties and
determined that the appraisal reports were acceptable and
properly documented; and
WHEREAS, the staff appraiser has made a written report
indicating his conclusion as to the fair market value of the
properties to be acquired; and
WHEREAS, the City Council of the City of Evanston has
reviewed the staff report submitted by the staff appraiser:
NOW, THEREFORE, BE IT RESOLVED by the -City Council'of the
City of Evanston, Cook County, Illinois, that the following are
found to be the fair market values, of each of the properties
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and the interest to be acquired therein:
(a) 722-24 Washington Street,
Evanston, Illinois
Fee simple title owned by 722 Washington, Inc.,
$70,000
(b•) 726 Washington Street,
Evanston, Illinois
Fee simple title owned by Minnie C. Ebeling
and Maretta P. Friedlund .
$27,000
(c) 719 Madison Street,
Evanston, Illinois
Fee simple title owned by Catherine G. Jans
.and Gloria C. Grantham
$332000
(d) 723 Madison Street
Evanston, Illinois
Fee simple title owned by Frank DeGeorge
and Frances DeGeorge
$26,500 `
(e) 727 Madison Street
Evanston, Illinois
Fee simple title owned by Benigno Fantozzi
and Rose M. Fantozzi
$262000.
Attest:
Is l Manri ra F,, Brawn
City Clerk.
Approved: December 18, 1972
Mayor