HomeMy WebLinkAboutRESOLUTIONS-1989-080-R-8903/16/90
M. mefflarM,
A RESOLUTION
Authorizing the Transfer of
City Funds from the Parking System Fund
to the TIF Capital Fund
WHEREAS, on July 11, 1989, the City executed a contract
. for the sale of land at 1800 Sherman Avenue for the purchase
price of $1,000,000.00; and
WHEREAS, the property at 1800 Sherman Avenue is located
within the Downtown II tax increment financing (TIF) district;
and
WHEREAS, it is, appropriate and in the best interest of
the City to transfer the sum of $1,000,000.00 from the Parking
System Fund -Improvement and Extension Account to the Capital
Improvement TIF Fund -Downtown II,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City Manager or his designee is
hereby authorized to transfer the sum of
$1,000,000.00 from the Parking System Fund -Improvement and
Extension Account to the Capital Improvement TIF Fund -Downtown
II.
SECTION 2: This resolution shall be in full force
and effect from and after its passage,
approval, and publication in the manner provided by law.
Mayor
ATTEST:
Ciity�% Clerk
Adopted: /// c'x ZC� _ 19go
l