HomeMy WebLinkAboutORDINANCES-1985-117-O-8510/22/ 85
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117-0-85
AN ORDINANCE
Authorizing the City Manager
to Enter into a Lease, Memorandum of
Understanding and Promissory Note
with The Chiaravalle Montessori School
WHEREAS, the City of Evanston (the "City") is the owner of the
property commonly known as 425 Dempster, Evanston, Illinois; and
WHEREAS, Chiaravalle Montessori School (hereinafter "CMS") is the
Lessee from the City of the 425 Dempster Street property (the "leased
premises") under a lease dated April 18, 1980 (the "Lease"); and
WHEREAS, the City and CMS are aware that asbestos -containing
materials have been used in the construction of the building at the leased
premises; and
WHEREAS, the General Assembly of the State of Illinois has passed
a statute to provide for.the identification, containment or removal of such
asbestos materials as constitute a significant health hazard (the "Act"); and
WHEREAS, to accomplish any corrective action at the leased premises
that may become necessary to comply with the Act or that may be deemed
necessary by the Board of CMS, the City has agreed to loan to CMS up to
One Hundred Thousand and no/100ths Dollars ($100,000.00) over ten years at
zero percent (0%) interest; and
WHEREAS, in order to accomplish the corrective action necessary
to comply with the Act, the City has agreed to modify and extend the current
lease for 425 Dempster, Evanston, Illinois, by and between the City of
Evanston and The Chiaravalle Montessori School;
NOW, THEREFORE,.BE IT'ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON,,COOK COUNTY, ILLINOIS:
• SECTION 1: That the City Manager is hereby authorized and
directed to sign, and the City Clerk is hereby
authorized and directed to attest on behalf of the City of Evanston for
property.1 ocated at 425 Dempster, Evanston, Illinois, a Lease and
Memorandum of Understanding by and between the City of Evanston, as Grantor,
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117-0-85
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and The Chiaravalle Montessori School, as Grantee; and the City Manager is
further authorized to accept a Promissory Note in the amount of One Hundred
Thousand and no/100ths Dollars ($100,000.00) pertaining to the aforesaid.
Copies of the Lease, marked as Exhibit A, the Memorandum of Understanding,
marked as Exhibit B, and the Promissory Note, marked as Exhibit C, are
attached hereto and incorporated herein by reference.
SECTION 2: The City Manager is hereby authorized to negotiate
any additional terms.and conditions for the aforesaid
as may be determined to be in the best interests of the City of Evanston.
SECTION 3: 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: 7`
' ATTEST:
City Clerk
Appro ed as to form
Co oration Counsel
, 1985
, 1985
Approved:
t
V Mayor
1985
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