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EXHIBIT A <br /> INTERGOVERNMENTAL AGREEMENT AND BY-LAWS <br /> AN AGREEMENT TO ESTABLI5H THE <br /> CENTRAL ILLINOIS LAND BANK AUTHORITY <br /> This Intergovernmental Contract and By-Laws Agreement is entered this _day of <br /> 2019 by and among the undersigned units of local government (each a <br /> "Member") for the purpose of creating and establishing an intergovernmental entity to administer <br /> and operate a land bank("Land Bank")to serve Vermilion County, Champaign County and other <br /> neighboring counties and municipalities in Central Illinois (the "Region"). The Land Bank will <br /> be a separate entity whose purpose will be to administer and carry out the objectives of this <br /> Agreement, in accordance with the terms of this Agreement, as written or amended in <br /> accordance with its terms. This Agreement is made pursuant to Article VII, Section 10 of the <br /> Illinois Constitution of 1970 (the "Constitution") and the Illinois Intergovernmental Cooperation <br /> Act (5 ILCS 220/1 et seq.) (the "Act") and has been authorized by the corporate authorities of <br /> each Member. <br /> WHEREAS, in recent years a substantial number of properties in the Region have <br /> become vacant, dilapidated, and non-revenue generating; and <br /> WHEREAS, these properties contain numerous violations of health and safety <br /> ordinances, contribute to the blight and deterioration within the Region, and impose a significant <br /> economic burden upon municipalities within the Region; and <br /> WHEREAS, there exists within the Region the need for (i) the creation of safe, decent <br /> housing for existing and future residents, (ii) the return of abandoned properties to productive <br /> use including, but not limited to, the payment of tax revenues, (iii) opportunities for the <br /> revitalization of deteriorating residential, retail, industrial and commercial neighborhoods, and <br /> (iv) available properties for use as public parks, green spaces, water retention and other public <br /> purposes; and <br /> WHEREAS, the Members desire to enter into this cooperation agreement to create an <br /> intergovernmental entity as an independent land banking authority in order to address most <br /> efficiently and effectively these needs within the Region; and <br /> WHEREAS, the Members wish to exercise their governmental powers, enumerated <br /> herein, for the benefit of the Land Bank and its Members <br /> WHEREAS, the Members agree that the establishment of such an authority would be <br /> beneficial to the people and local governments within the Region; <br /> 1 <br />