R2020-172 Resolution Authorizing Redevelopment Agreement-City of Decatur, Illinois and InnovaFeed

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"Utility Tax"means the municipal share of gas and electricity taxes imposed via City Code of the City of Decatur Chapter 51.3. "Substantial Completion or Substantially Complete"means complete construction of the shell and core,with finished interiors of common areas to the point of qualification for the issuance of certificates of occupancy pursuant to codes of the City, except for minor and ancillary alterations or additional work. ARTICLE H:DEVELOPMENT OF THE PROJECT 2.1 Development of the Project. The Developer will utilize its best efforts to develop the Project in a manner that is compatible with this Agreement and Applicable Law. 2.2 Progress Reports. During the development process,the Developer shall share with the City regular progress updates of the Project relevant to the development and construction of the Project 2.3 Preliminary Plans. The Preliminary Plans for the Project will be provided by the Developer to the City for approval following the execution of this Agreement. A preliminary layout drawing shall be provided to the City prior to execution of this Agreement for illustrative purpose only. Based on the time constraints of the Project,the Parties recognize that the drawings and plans provided prior to the execution of this Agreement may be submitted without an engineering or architect seal. 2.4 Changes in Plans. Any substantial deviation from the Preliminary Plans will require City approval. 2.5 Final Site Plan. No later than the submission of the Construction Plans,the Developer shall submit to the City a Final Site Plan as set forth in Exhibit 1 for that phase if applicable. The City shall review the Final Site Plan for the purpose of determining compliance with the Preliminary Plans,this Development Agreement and Applicable Law. 2.6 Construction Plans. The Developer shall submit to the City no later than forty-five (45) days prior to the commencement of construction for each Phase of the Project the corresponding construction plans for this Phase of the Project(the"Construction Plans"). The City shall, within thirty(30)days from receipt,approve or disapprove the Construction Plans for that Phase, after reviewing said plans for compliance with Applicable Law, including but not limited to the life safety and zoning regulations, and conformance with the Preliminary Plans and Final Site Plan. If the City disapproves the Construction Plans,the Developer shall submit revised plans within a reasonable time from the date of rejection. Upon resubmission,the City shall review and approve or disapprove such revised plans within ten (10) days of submittal. This process shall repeat until the plans are approved by the City.