HomeMy WebLinkAboutORDINANCES-1978-027-O-78•
3/10/78
27-0-78
AN ORDINANCE
Amending Ordinance 12-0-78
In The Bid Requirement And
Forfeiture Provisions
WHEREAS, the corporate authorities of the City of Evanston consider
it in the best interests of the City of Evanston to broaden the types of
financial security acceptable from bidders for the sale or lease of 1501 Oak
Avenue, and to clarify the conditions of forfeiture of the bid bond required
with submissions;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
• EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That Ordinance 12-0-78 passed by this Council on
January 23, 1978 be and hereby is modified so that Sec-
tion 3, paragraphs 6, 7, and 9 of the terms and conditions in the "notice of
proposal to sell real estate" shall read as follows:
"6. The bidder must be prepared, when requested, to submit
satisfactory evidence of financial responsibility;
such evidence may include a current financial state-
ment of the bidder. The appropriate disclosure state-
ments shall also be submitted in accordance with City
of Evanston policy.
"7. The bidder shall submit with the bid a bid bond, a bank
certified check, or other security acceptable to the
City in the amount of 10% of the bid price. Bid price
.shall be defined to mean either total sales price or
total rentals for the full term of any lease proposed.
• The security shall be a guarantee of performance of
conditions 6, 9, and 12 in addition to all standard
protections granted by bid securities.
"9. Working drawings of the proposed development, along
with a landscape plan must be submitted within six (6)
months after acceptance of the bid, and construction
must commence twelve (12) months after the approval of
working drawings."
•
•
27-0-78
SECTION 2: That all other sections of Ordinance 12-0-78 shall re-
main in full force and effect.
SECTION 3: All ordinances or parts of ordinances in conflict here-
with are hereby repealed.
SECTION 4: This ordinance shall be in full force and effect from
and after its passage, approval, and publication in the
manner provided by law.
Introduced 1978
Adopted r�-� / 3 1978
Approved _21ta-,ee�- 1978
Ma
ATTEST:
City Clerk
Approved as to form:
Corporation Counse
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