HomeMy WebLinkAboutRESOLUTIONS-1988-021-R-88I
March 23, 1988
21-R -88
A RESOLUTION
• Authorizing the City of Evanston
to contract for the purchase of the leasehold interest
located at 607 Custer Avenue
WHEREAS, Bruce Matsunaga, the owner of Gerard's Food Mart, which
holds a valid lease to operate his business upon the premises of 607 Custer Avenue
until December 31. 1991, and .
WHEREAS, said property at 607 Custer Avenue is owned in fee simple
by the City of Evanston, which is the landlord, and
WHEREAS, said property is part of the Custer/Callan Redevelopment
Project and the acquisition and termination of this leasehold is in the best interest of
the City, necessary and appropriate for the City's economic development, and
WHEREAS, the leasehold tenant has agreed to terminate his interest in
said property in exchange for $36,000 and the waiver of 3 months' rent,
• NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, that the City Manager is
hereby authorized and directed to enter into a contract for, and negotiate additional
terms as necessary and desirable, to acquire the leasehold interest to 607 Custer
Avenue.
THIS RESOLUTION shall be in full force and effect from and after its
passage, approval and publication in the manner provided for by law.
ATTEST:
City Clerk
\v
Adopted: ____ 1988
-- - --------------
Mayor
29Y98