HomeMy WebLinkAboutRESOLUTIONS-1988-020-R-8803-23-88
A RESOLUTION
Authorizing the City Manager to Enter into an Agreement
• Granting a Line of Credit to EVMARK
WHEREAS, the City of Evanston established Special
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Service Area No. 4 pursuant to Ordinance No. 45-0-87; and
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WHEREAS, Evanston Special Service Area No. 4 has been
established in order to provide certain public services which f
will supplement services currently or customarily provided by
the City to the area and to assist the promotion and
advertisement of .the area in order to attract businesses and
consumers; and
WHEREAS, the City has retained EVMARK, an Illinois
not -for -profit corporation to provide planning implementation
and management for Special Service Area No. 4;
WHEREAS, EVMARK has been authorized to spend funds in
the City in order to provide these certain public and
• promotional services;.
WHEREAS, it is necessary for the City to advance
funds to EVMARK to make it possible for EVMARK to provide its
services,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City Manager of
the City of Evanston is hereby authorized
and directed to negotiate and enter into an Agreement with
EVMARK for aline of credit which is a necessary means of
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advancing funds to EVMARK to enable EVMARK to provide its
services to Special Service Area No. 4 in the City of Evanston.
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SECTION 2: This Resolution shall be in full force,
and effect from and after its passage and
approval in the manner provided by law.
Mayor
Attest:
City jClerk
Adopted:
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