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i _ <br /> MEMORANDUM 4�`UI'�DERSTANDING <br /> BETWEEN CITY UF DECATUR,ILLINOIS <br /> A1VD TRILUMA FII`dANCIAL GR(3UP <br /> 1. Parties. This Memorandum of Understan�iing{hereinafter referred ta as <br /> "Mf)U") is made and entered inta by and between the City of Decatur, Illinois{"City") whose <br /> address is C3ne Gray K.Anderson Plaza,Decatur,Il�inais 62523-1196,and the Trilama�inanciat <br /> Graup("Trilama'),whase address is 201 N.New�'ark Avenue, Suite 200, Winter Park, FL <br /> 32789. <br /> �. Pur�ose. The purpose t�f this MQU is to establish the terms and conditiflns <br /> under which the City and Triloma will callaborate and function related to the Opportunity Zane <br /> {"QZ")program and prospective investments in t�Ze Ci#y. <br /> 3. Tearm of M4U. This MQU is effective upon the day az�d date last signed <br /> and executed by the duly authorized representatives of the�arties to this MClU and shall remain <br /> in full fc�rce and effect for nat it�nger than twa(2}years from the date af execution of this MClU. <br /> 'This MOU may be terminated,without cause,by either party upon three{3)weei�advance <br /> written noti+ce,which notice shall be delivered by hand c�r by certified mail to the address listed <br /> above. This MOU may also be extended upon mutual consent of both parties. <br /> 4. Responsibilities of the Citv. The City will refer prospective Opportunity <br /> Zone investors,businesses,real estate developers interested in certain{re}development prajects <br /> in the city ta Triloma. <br /> 5. Resnonsibilities of Trilama. Triloma will have introductory discussions <br /> with the City and provide preli�ninary advice at no cost tt�the Czty regarding applzcability of the <br /> OZ pragram far thase projects. Triloma in turn can charge the investors for consulting and <br /> engaging in QZ investment services. <br /> 6. General Provisions <br /> A. Amendments. Either party m.ay request ahanges to this MOU. <br /> Any changes,mt�difications,revisians ar amendments to this MOU which are rrrutually agreed <br /> upon by and between the parties to this 1VIOU shall be incorparated by written instrument,and <br /> effective when executed and signed by all parties ta this MC?U, <br /> $. Applicable Law. The construction,interpreta#ion and enforcernent of <br /> this MQU shall be governed by the laws af the State of Illinais. The courts of the State af <br /> Illinois shall have jurisdictian over any actian arising out afthis MOU and over the parties,and <br /> the venue shall be the Sixth Judieial Circuit Court of Illinois in Macon Caunty,Illinois. <br /> 1 <br />