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HomeMy WebLinkAboutResolution 54-R-25 Authorizing City Manager to Negotiate and Execute the Purchase of 801-809 Main Street5/27/2025 54-R-25 A RESOLUTION Authorizing the City Manager to Negotiate and Execute a Contract for the Purchase of Real Property Located at 801-09 Main Street in Evanston, Illinois WHEREAS, the City of Evanston seeks to purchase property located at 801-09 Main Street, Evanston, Illinois, 60201 (the “Subject Property”); and WHEREAS, the Subject Property likely will be utilized as the future site of a mixed use/mixed income housing development, increasing the supply of housing and commercial options for Evanston residents; and WHEREAS, the City Council hereby finds and determines that the best interests of the City of Evanston and its residents will be served by purchasing the aforesaid Subject Property. NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: That the City Manager is hereby authorized and directed to negotiate all necessary terms of a contract for the purchase of the Subject Property, attached as Exhibit A and incorporated herein, and to execute said contract. Page 1 of 2 54-R-25 SECTION 2: That the purchase price for the Subject Property shall not exceed seven hundred thirty five thousand dollars ($735,000.00). SECTION 3: That this Resolution 54-R-25 shall be in full force and effect from and after its passage and approval in the manner provided by law. _______________________________ Daniel Biss, Mayor Attest: ______________________________ Stephanie Mendoza, City Clerk Adopted: __________________, 2025 Approved as to form: ______________________________ Alexandra B. Ruggie, Corporation Counsel Page 2 of 2