R2022-160 Resolution Authorizing Redevelopment Agreement with CCI Properties LLC

Home Browse Search

cancellation or amendment of its policy. 2.14 Lien Waivers. All contracts for construction of the water line extension project shall provide that all contractors and subcontractors shall furnish contractor's affidavits in the form provided by state statute and that waiver of liens be required for all payments made. 2.15 Rights of Inspection. During construction of the Project,the City or its designee shall have the right at any time and from time to time to enter upon the Project for the purposes of inspection with fourteen (14) day written notice or as mutually agreed to by the Parties. Inspection by the City of the Project shall not be construed as a representation by the City that there has been compliance with the Construction Plans or any building or life safety codes adopted by the City; or that the Project will be or is free of faulty materials or workmanship, or a waiver of any right the City or any other party may have against the Developer or any other party for noncompliance with the Construction Plans, Preliminary Plans, building or life safety codes or any other ordinances of the City or the terms of this Agreement. 2.16 Highway Access. All arrangements for curb cuts and street access on highways, streets and roadways must be made by the Developer with the applicable jurisdiction. The City makes no representations whatsoever with respect to the allowance, approval or permits of curb cuts and street access with respect to the Project or Project Site; however, the City agreed to provide a vacant lot(2634 N Morgan St.) to potentially serve as another access option to Morgan St. 2.17 Enterprise Zone. Developer may apply for Enterprise Zone benefits through the Economic Development Corporation of Decatur and Macon County seeking a waiver of State and local sales taxes on the purchase of those eligible materials used in the Project, which have a building permit. The City shall make reasonable efforts to assist Developer in obtaining the above listed benefits from the Economic Development Corporation of Decatur and Macon County. 2.18 Water Line Construction. The City agrees to reimburse the Developer for the reasonable cost of constructing a new four-inch (4) water line as specifically set forth in Exhibit 2. Design, permit fees and obtaining of any necessary IEPA permits for the construction of this water line shall be the responsibility of the City. The Developer shall be responsible for perpetual maintenance of said water line after it leaves the Morgan St. public right of way. ARTICLE III: CITY OBLIGATIONS 3.1 Public Investment. The City shall provide the public incentives pursuant to Article IV below. 3.2 Zoning. The property is already zoned M-1 and M-2 zoning and allows for the proposed use.