G51-75 Ordinance No. G51-75
AN ORDINANCE
AUTHORIZING THE ADVERTISEMENT FOR BIDS FOR THE LEASE OF SPACE IN
THE ELGIN FOUNTAIN SQUARE PLAZA
WHEREAS, the City of Elgin is causing a portion of Grove Avenue in the
City of Elgin, Illinois, to be reconstructed as a pedestrian shopping mall;
and
WHEREAS, vehicular traffic will not be permitted in the principle
area of said pedestrian shopping mall; and
WHEREAS, a portion of Grove Avenue within said pedestrian shopping
mall is no longer necessary for the exclusive use of the public; and
WHEREAS, it is necessary and desirable to provide the service facility
in the mall for use by pedestrians which is also suitable for commercial
activities.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN,
ILLINOIS:
Section 1. That public notice shall be given by the City Clerk by
publication in the Daily Courier-News of notice of intent to lease certain
property owned by the City of Elgin inviting bids thereon, all as provided
below.
Section 2. That the City Clerk shall cause the following notice to
be published as provided in Section 1.
"Notice of Lease of Property Owned by the City of Elgin
and Invitation to Bid Thereon
Please take notice that the City Council of the City of Elgin will
receive sealed bids for the lease, under the successful bid, of the fee
simple interest of 300 square feet of public property located at the end
of the pedestrian walkway between Scotty's Shoe Store and the Joseph
Spiess Company on Grove Avenue in the City of Elgin, Illinois, which
property is currently devoted to use as a public street.
Bids for the purchase of the aforesaid interest in the above described
property are hereby invited and will be received by the City of Elgin, at
150 Dexter Court, Elgin, Illinois, between the hours of 8:00 a.m. and 5:00 p.m.
until September 10, 1975. Said proposals shall be addressed to the City of
Elgin, c/o Robert 0. Malm, Purchasing Agent, 150 Dexter Court, Elgin, Illinois,
and shall bear the legion "Proposal-Lease of Mall Space" and the name and
address of the bidder.
All bids received will be publicly opened and read aloud at the regular
meeting of the City Council of the City of Elgin at 7:30 p.m. on September 10,
ePh 1975.
The City of Elgin proposes to lease said property upon the following
terms and conditions:
Alo
1. The site is to be improved by the construction of a
building approximately 15 feet by 20 feet designed to provide
financial services to the general public.
2. The bid shall contain a set of plans in sufficient
detail as to indicate floor lay-out, space utilization and
interior appearance, including a landscape plan together with
a work schedule for planned submission, construction, commence-
ment, project completion and occupancy.
3. Said facility shall be designated to provide banking
or other financial service facilities during normal hours of
operation of the surrounding central business district, to
accept utility payments, to provide information service to
pedestrians for direction and location of stores and general
information concerning the City of Elgin. Said facility shall
include a space for a postal drop, graphic directory, public
telephone and a drinking fountain.
4. The proposal shall include a commitment for lease of
the subject property for a 20-year term with annual rent of not
less than $1,200 per year. All costs of construction will be
borne by the successful bidder.
5. Any lease for the subject property shall include a All
provision requiring the lessee to pay an assessment for the
construction of the pedestrian mall based on the same formula ,
used in assessing other properties in the mall area.
6. Any lease shall also include a provision that the lessee
shall pay real estate taxes on the building to be erected which
shall be taxed as a lease-hold estate on exempt land.
7. There shall be submitted with any proposal a certified
check payable to the City of Elgin in the amount of $1,200 together
with a completion bond or other security acceptable to the City to
guarantee completion of the proposed development within a reason-
able time.
8. City reserves the right to reject any and all bids and to
accept any bid or waive any requirement thereof as the corporate
authorities shall deem to be in the City's best interest.
s/ Marie Yearman
City Clerk
Section 3. That this ordinance shall be in full force and effect from and
after its passage in the manner provided by law.
s/ Richard L. Verbic
Richard L. Verbic, Mayor
me
Presented: August 27, 1975
Passed: August 27, 1975
Vote: Yeas 4 Nays 3
Recorded: August 27, 1975
Published: August 27, 1975
Attest:
s/ Marie Yearmary
Marie Yearman, City Clerk
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