HomeMy WebLinkAboutRESOLUTIONS-1988-038-R-886/21/88
A RESOLUTION
Authorizing the City of Evanston
to contract for the purchase of the leasehold interest
located at 609 Custer Avenue
is WHEREAS, William Miller owns Coin-A-Matic
Laundromat, Inc., which holds a lease to operate his business
upon the premises of 609 Custer Avenue until April 30, 1989,
with an option to renew. for 5 years, and
WHEREAS, said property at 609 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 Citv's economic development, and
WHEREAS, the leasehold tenant has agreed to terminate
his interest in said property in exchange for $26,000,
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 609 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.
Mayor
ATTEST°
1-4A -
/ a
City -Clerk.
Adopted: 'ff'4
Q q' ./ 1988