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EXHIBIT C <br /> QUIT CLAIM DEED <br /> STATUTORY <br /> DOCUMENT NO. <br /> Tax Bill To: Decatur Macon Countv Opportunities Corp. <br /> 1122 E. Marietta St. <br /> Decatur, IL 62526 <br /> TAX EXEMPT <br /> THE GRANTOR, CITY OF DECATUR, ILLINOIS, a Municipal Corporation, for and in <br /> consideration of Six Hundred Fifty Dollars ($650.00) and other good and valuable consideration in <br /> hand paid, conveys to GRANTEE the DECATUR MACON COUNTY OPPORTUNITIES <br /> CORPORATION, an Illinois Not for Profit Corporation, the real estate legally described in Exhibit A <br /> attached hereto and hereby made a part hereof, which is situated in the County of Macon, State of <br /> Illinois, with the following restrictions: <br /> Buyer, its successors and assigns (excluding Seller), shall: (1) Utilize the premises to house a <br /> not-for-profit corporation operating a multipurpose agency to include a not-for-profit <br /> commercial kitchen for federally qualified senior nutrition programs, community services <br /> assisting low-income individuals working towards family stability, youth and senior <br /> services and associated uses, all of which serve at least 51% low-to-moderate income <br /> residents as defined by the U.S. Department of Housing and Urban Development, or <br /> with the prior written consent of the City, those uses, including but not limited to social <br /> services and residential or institutional uses, that are consistent with the national CDBG <br /> objectives; and (2) Upon request allow monitoring of records as may be required by the U.S. <br /> Department of Housing and Urban Development as allowed under federal law; and (3) futfill all <br /> obligations as established in section three (3) of the Contract for Sale between buyer and seller <br /> executed on ; and (4) Substantially complete construction of said structure to be <br /> operated by a not for profit corporation and used exclusively for providing services described in <br /> (1) above within one (2) years of the date of closing (subject only to force majeure delay); and <br /> (4) If Buyer, its successors or assigns (except Seller), fails to substantially complete said <br /> structure within one (2) years of the date of closing or fulfill all of the obligations as established <br /> in Section three (3) of said Contract for Sale, Buyer shall be in default and be required to <br /> transfer ownership of the Premises back to Seller or its assignee. Buyer has executed a <br /> quitclaim deed, conveying Buyer's interest in the Property in fee simple back to the City of <br /> Decatur. Said deed shall only be recorded in the event of Buyer's default, and only following <br /> reasonable notice and failure to cure, as provided in the default paragraph of the contract for <br /> sale. If Buyer defaults and is required to transfer the Premises to Seller, Buyer shall be <br /> responsible for any and all costs associated with the transfer, including transfer taxes, recording <br /> fees, closing costs, due and unpaid real estate taxes, and all costs associated with remediating <br /> any changes or improvements made to the Premises by Seller, its successors and assigns as <br /> 1 <br />