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2023-17 Ordinance Authorizing Negotiation and Execution of Negotiated Easement with Archer-Daniels-Midland Company for the Underground Injection and Sequestration of CO2
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2023-17 Ordinance Authorizing Negotiation and Execution of Negotiated Easement with Archer-Daniels-Midland Company for the Underground Injection and Sequestration of CO2
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Last modified
7/31/2026 4:23:18 PM
Creation date
3/23/2023 10:38:22 AM
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Resolution/Ordinance
Res Ord Num
2023-17
Res Ord Title
2023-17 Ordinance Authorizing Negotiation and Execution of Negotiated Easement with Archer-Daniels-Midland Company for the Underground Injection and Sequestration of CO2
Department
City Manager
Approved Date
3/20/2023
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A,6) 3Q) dozy <br /> VQ,t's c r• <br /> This Instrument Prepared by: <br /> Mark Henning <br /> Trigen Energy LLC <br /> 4424 Bogel Rd Ste 404 <br /> Evansville, IN 47715 <br /> After Recording Return to: <br /> ADM Law Department <br /> 4666 Faries Parkway <br /> Decatur, IL 62526 <br /> (For Recorder's Use Only) <br /> CO2 SEQUESTRATION EASEMENT <br /> The City of Decatur, an Illinois municipal corporation located in the County of Macon <br /> with offices at 1 Gary K.Anderson Plaza, Decatur, Illinois 62523 (the"Grantor"), for and in <br /> consideration of Ten and No/100 Dollars($10.00)and other good and valuable consideration <br /> paid to the Grantor, the receipt and sufficiency of such consideration being hereby <br /> acknowledged, does hereby grant and convey to Archer-Daniels-Midland Company, a <br /> Delaware corporation,whose global headquarters address is 77 W. Wacker Drive, Suite 4600, <br /> Chicago, Illinois 60601 (the"Grantee"), its successors and assigns,the exclusive, and, <br /> irrevocable easement(except as noted below) and right-of-way to use the subsurface of the <br /> Grantor's land described on Exhibit A attached hereto and made a part hereof("Grantor's <br /> Land"), limited to all the area beneath 4,500 feet below ground surface of the Grantor's Land <br /> (including, without limitation, all pore space therein,the"Storage Complex") for the purposes <br /> set forth herein. <br /> The easement granted by the Grantor to the Grantee pursuant to this instrument is an <br /> exclusive and irrevocable easement(except as noted below)and right-of-way to use the Storage <br /> Complex for the sequestration of carbon dioxide("CO2"), including, without limitation,to inject <br /> or otherwise introduce CO2 streams in the Storage Complex; to store and sequester CO2 streams <br /> in the Storage Complex; to retain the possession and ownership of CO2 and CO2 streams so <br /> stored and sequestered as personal property; to remove CO2 and CO2 streams from the Storage <br /> Complex; to plug, monitor, and maintain the injection or monitoring wells; to conduct such other <br /> activities and operations in the Storage Complex as are necessary or advisable in connection <br /> 1 <br /> Classification:Confidential <br />
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