The document discusses a proposal for the City of Evanston to acquire two parcels of land to support development of a Trader Joe's grocery store. It would acquire 1223-1225 Chicago Avenue from Sona Realty and 1229 Chicago Avenue from Northwestern University. It analyzes the financial impact, including increased tax revenue from the store. It also outlines parking license agreements that would provide the city parking spaces and license fees while the developer funds construction. The proposal estimates the city's return on investment between 23-32% within 4-6 years through new tax revenue from the store.