2019-18 Ordinance Vacating an Alley South of 800 West King Street

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� WAIVER UF RIGHT TO FURCHASE AIDJACENT.ALLE�PURCHASE THIS WAIVER OF RZGHT TO PURCHASE ADJACENT ALLEY is entered into this�f+'day of March,2019,by and between ALICE BRANDON, individually and as acting President of M.H. Brandon, Inc., as legatee of MeIvin H. Brandon, deceased(09-P-314) as owner and Seller under a certain Contract for Deed (hereinaftez"Brandon"), KEVIN WATKINS,individually and as President of SRKW, INC., Buyer under the#erms of a certain Contract for Deed(hereinafter"Watkins"), and WAVE PR4PERTIES,I�TC. (hereinafter"Wave"). WHEREAS, Brandon is the Se11er of the following described real estate to Watkins: All that part of Lots 2Q,2I,22, 23, and 24 in Black 1 of EB Durfees Third Addition to the City of Decatur, as per Plat recoxded in Bool�22 at page 636 of the records ir�the Recorder's Office of Macon County,Illinais,lying North and East of tha Railraad Right of way. Situated in Macon County,Illinois. PIN: Q4-12-i0-378-026. WHEREAS,the City af Decatur has agreed to sell the alley immediately north of the Brandon-Watkins property and generally described as follaws: All that part of the 20-foot wide alley running East and West through Block 1 af E.B. Durfee's Third Addition to the City of Decatur,lyzng East of the right-of- way of the P. D. &E.Railroad, as per Plat recorded in Book 22 at page 636 of the records in the Recorder�s Off ce of Macon County,Illznois. WHEREAS, Wave is the owner of the real estate immediately north of and adjacent to such alley and has agreed to purchase such all.ey from the City of Decatur, and Brandon and Watkins have indicated thev are not interested in purchasing said alley. NOW THEREFORE,for and in consideration of the mutual prornises contained herein,the parties�iereto agree as follows; 1. Brandon as the owner of the real estate immediately south of the above- descrzbed alley does hereby waive any x�ght ta purchase a.ny portion of the alley and waives any right to claim any interest in said alley if it is vacated by the City of Decatur. 2. Watkins as the buyex under the Contract for Deed of the immediately south of the above-described alley does hereby waive any right to purchase any portion of the alle��and waaves any right ta claim any interest in said a11ey if it is vacated by the City ofDecatur. VVave ab ees Watkins sha11 have no obligation to move an existing fence if such fence is located on the alley.