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. g�: <br /> Graham & Associates dated Se�atember 30, 2015 hereby attached as Exhibit C, or address said <br /> concems#hrough a City a�r�sroved Tiered Approach to Coxrective Objectives{TACO}Agreement. <br /> 6. Atl work described in #his agreement s�atl rs�eet or exceed applicable Stafe and Lvcal <br /> �3uildi.ng Codes and Standa�rds. <br /> 7. At such time as the Developer shall have substantia]ly campleted the requirements af <br /> Seciions 1, 2, 3, aud 4, the City shall fully release the mortgage Iien at#ached ta the premises. <br /> Substancial completion o�'Sections I, 2, and 3 sha11 be de�i�ned as completion and final approval o;f <br /> aud, in the case of Sect�on l,dedication tt� the City of I}ecatur. .Final approval shatl be at the sole <br /> discretion of t�►e City of Decatur°s Director of 1'ublic Works or his or her designee,and shall not be <br /> unreasonabty withhsld. Substantial camplefion or s�bstantially comptete �s related to tbe <br /> requirements a�'Section 4 shali be de�ned as: completed consMacrion af the shell and care of a <br /> nninimuin af five resideutial�niLs on the second stories of Ehe premises at ISfl W.Wood S#andlor 15S <br /> W.Main St.; iwcluding finished 'unteriozs af commoa areas;and issuance af certificates of or,capanay <br /> far ihe common areas and each of the resideniial units,except minor and aneiltary sltera#ions. <br /> . 8.If any section,tezm or provision of this Agreement ar the appliaation thexeof shall be found <br /> ar hetd ta be iuvalid or unenforceabie,the remaiuder af sucb sectian,term ar pravision af the <br /> Agreena:ent othar than thase to which it is held invalid or unen�forceable s�all not be affected thereby. <br /> 9.All notices,demands,reqnests,consents,approvals or other instruments required or <br /> germitted by ihis Agrcemeut shaII be in wti#ing and shali be executed by the party or an afficer,agant <br /> or attorney of t�e party,and shail be deemed to have baen effective as of the date of actual delivery,if <br /> deliv�zed personally,or as of the third{3'�)day&om ac�d inclttding the date af posiing,if mailed by <br /> registered ar oertified mail,return recei�t requesked,with postage p�epaid,addresscd as follows(or ta <br /> sueh t�#her address as is pravided by notice}: <br /> DEVELUPER: CI�`Y: <br /> Mr.Tim Raycraft City Manager <br /> 101 S.Ma%a St�Suite 800 #1 Gary K.Anderson�'laza � <br /> Decahu,ZL G2523 Decat�zr,IL 62523 <br /> With a copy to: <br /> Cazporatian Counsel <br /> #l t�ary K.Anderson Plaza <br /> Uecatur,Ii. 62523 <br /> 1Q. Neither anything in#his Agreement nor any acts of il�e M�uiaipa�ity andlor Ivlain Plaes <br /> Propazties under this Ag�reement shall be construed by �hhe parties or any third person ta create an <br /> cxnpIvyment relationsbuip or the relationship of a partnership,agency,or jaint venture between them. <br /> No covez�aut ar agreemen� contained in this Agreement shall be deerned ta be tbe cavanaut or <br /> agreeine�.t of any offacial, officer, agent, employee or attoizaey af the Municipality, in his ar her <br /> individual capacity, and neit�►er the membe3rs of the Corpozate Authorities nc�r any other offtcial or <br /> employee of tlze Municipality shall be liable pezsonally under thais Agreecment ar be subject to any <br /> Fage l 83 af 240 <br />