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R2109-76 Resolution Authorizing Fourth Amendment to Lease Agreement -South Water Street, LLC, Garage Parking C
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R2109-76 Resolution Authorizing Fourth Amendment to Lease Agreement -South Water Street, LLC, Garage Parking C
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Last modified
1/13/2020 11:12:39 AM
Creation date
5/23/2019 5:36:44 PM
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Resolution/Ordinance
Res Ord Num
R2019-76
Res Ord Title
R2019-76 Resolution Authorizing Fourth Amendment to Lease Agreement -South Water Street, LLC, Garage Parking C
Department
City Manager
Approved Date
5/20/2019
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AMENDMIENT TO SOUTH V�.r�T'ER STI2EET,LLC, PARKING LEASE AGREEMENT <br /> WHEREAS, the City of Decatur, Illinois, a municipaI corporation ("City") and South <br /> Water Street, LLC ("DeveIoper") entered into a lease agreement ("Agreement") dated June 7, <br /> 2010 for parking spaces in Parking Garage C located at the northeast corner of Franklin and <br /> Wood Streets; and, <br /> WHEREAS, the City and Developer have increased the maximum allowable parking <br /> spaces purchased at a reduced rate from 135 to 145 parkinb spaces("Optian"); and, <br /> NOW, THEREFORE,the Gity and Developer agree as follows: <br /> 1. Upan approval from the City Couneil, the maximum atlowable parking spaces specified <br /> by paragraph I of the Agreement shall be increased to a maximum of I45. <br /> 2. All other terms of the Agreement are hereby confirmed,and shall remain in full farce and <br /> effect. <br /> Df1TED this 6`h day of February,2012. �� <br /> , <br /> F TH��CI f� EC �f'i OIS <br /> ,r" ,r?f.r - ',��I . <br /> i ;���.' r' �` J.- `,�.,. ; ,�, <br /> �i1IC�H EL'�`. MC E R�O`�,�vIAYOR` ;� <br /> H <br /> �ST: t , <br /> � "'J� `=� ./l.�l.C/f `,',/'��� <br /> crr�cL�� �'� <br /> .��, <br /> FOR SOUTH WATER STREET,LLC �"�� <br /> �^-!i`;i �--, <br /> G..,--';/�, i �� <br /> TONY ROMANO, PRESIDENT <br />
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