HomeMy WebLinkAboutORDINANCES-1988-037-O-885/19/86
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AN ORDINANCE
Authorizing the City Manager to Execute Amendments
to Air Rights Lease with Rescorp Development, Inc.
for Church Street/Chicago Avenue Project I
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WHEREAS, the City of Evanston owns the real property
bounded by Clark Street on the north, Chicago Avenue on the
west, Church Street on the south, and a public alley on the
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east, commonly known as City of Evanston Parking Lot 28 legally
described as follows and hereinafter referred to as the
"Property":
All that part of Lot 1 in Plat of Consolidation of the
South 12 feet of Lot 3 and all of Lots 4, 5, 6, 7, 8, 9
and 10 together with all that part of Lot 2 and Lot 3
(except the South 12 feet thereof), all in. Block 14, in
Evanston, in the East half of Section 18, Township 41 '
North, Range 14, East of the: Third Principal Meridian, in f
Cook County, Illinois; and ,I
WHEREAS, the City Council of the City of Evanston has
determined that the use of the Property is no -longer necessary,
appropriate, required, or in the best interest.of the City of
• Evanston; and
WHEREAS, the City Council of the City of Evanston has
determined that the best interest of the City of Evanston would
be served by the lease of said Property to qualified parties
who will develop the same for commercial use, including a
public parking garage; and
WHEREAS, pursuant to Ordinance 87-0-87 of the City of
Evanston adopted September 28, 1987, the City Council by a vote
of two-thirds of the elected aldermen then holding office did
direct that the process to lease said Property shall be by
negotiation and that the City Manager shall be authorized to
negotiate on behalf of the City; and
WHEREAS, pursuant to said ordinance said negotiations
have occurred; and
• WHEREAS, pursuant to ordinance 130-0-87 and 131-0-87, I
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adopted January 25, 1988, the City Council, by a vote of
two-thirds of the elected aldermen then holding office, did
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authorize and direct the City Manager to execute and the City
Clerk to attest to a lease and a lease with option to tenant to
purchase certain air rights with the City of Evanston as
landlord, and Church Street Associates Limited Partnership, an
• Illinois limited partnership of which Rescorp Development,
Inc., Cragin Service Corporation, Fidelity Corporation,
Holbrook Enterprises, Inc., and Liberty Lincoln Service
Corporation, are the general partners and an Illinois land
trust to be formed, of which Church Street Associates Limited
Partnership is the sole beneficiary, as tenant; and
WHEREAS, such documents have been executed; and
WHEREAS, pursuant to Ordinance 24-0-88, adopted April
25, 1988, the City Council, by a vote of two-thirds of the
elected aldermen then holding office, did approve certain
amendments to be made in leases aforementioned; and
WHEREAS, in order to facilitate the objectives of.
said leases, it is necessary, appropriate and 'in the best
interest of the City that certain additional amendments be made
• in the "Church Street Project Schedule of Major Dates." Said
amended schedule is as set forth in Exhibit A attached hereto
and incorporated herein by reference.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City Council of the City of
Evanston finds as fact the recitals
hereinabove as set forth.
SECTION 2: That the amendments to the Church Street
Project Schedule of Major Dates as set
forth in Exhibit A, as part of certain leases between the City
as landlord and Church Street Associates Limited Partnership,
an Illinois Limited Partnership of which Rescorp Development,
Inc., Cragin Service Corporation, Fidelity Corporation,
• Holbrook Enterprises, Inc., and Liberty Lincoln Service
Corporation are the general partners and an Illinois land trust
to be formed, of which Church Street Associates Limited
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Partnership is the sole beneficiary, are hereby accepted by the
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City Council of the City of Evanston for the following I
described real property:
All that part of Lot 1 in Plat of Consolidation of the
South 12 feet of Lot 3 and all of Lots 4, 5, 6, 7, 8, 9
• and 10 together with all that part of Lot 3 and Lot 3
(except the South 12 feet thereof), all in Block 14, in
Evanston, in the East half of Section 18,_Township 41
North, Range 14, East of the Third Principal Meridian, in
Cook County, Illinois,
commonly known as City of Evanston parking Lot 28.
SECTION 3: The City Manager is hereby authorized
and directed to sign, and the City Clerk
is hereby authorized and directed to attest to the aforesaid
amendments as set forth in Exhibit A, provided, however, that
the project is in compliance with all applicable codes,
including the Zoning Ordinance. The City Manager is further
authorized to negotiate any changes or additional terms and
conditions with respect to the lease of the aforesaid real
property as may be deemed fit and proper.
SECTION 4: The City Manager and the City Clerk,
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respectively, are hereby authorized and
directed to
execute,
attest and deliver such other documents,
agreements
and
certificates as may be necessary.
SECTION 5: All ordinances or parts of ordinances
in conflict herewith are hereby repealed.
SECTION 6: This ordinance shall be in full force
and effect from and after its passage,
approval, and publication in the manner provided by law.
Introduced:
Adopted:
AT'I�EST�.,
1988.
App ved: !7 oZS 1988.
Mayor
City Clerk � I
Approved as to form: �i'/ICC�2�L�t
orporatioA Counsel
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