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1. Incorporation of Recitals: The foregoing recitals are made a part of and incorporated <br /> into this IGA. <br /> 2. Authority to File and Prosecute Abandonment Petitions: The Municipality authorizes <br /> and engages CILBA and its counsel to file and prosecute, on its behalf,petition(s)for a declaration <br /> of abandonment (pursuant to 65 ILCS 5/11-31-1(d)) ("Petition") for all parcels identified in <br /> Exhibit A ("Parcels"). Exhibit A may be amended from time to time by written agreement of the <br /> Parties' Contacts, as defined herein. <br /> 3. Costs: So long as a Parcel is eligible for a declaration of abandonment, CILBA shall <br /> pay for all fees,including attorneys' fees and court costs,required to file and prosecute the Petition <br /> filed under this Agreement. <br /> 4. Title to Abandoned Parcels: If the Municipality obtains a judicial deed to a Parcel as a <br /> result of a declaration of abandonment under this Agreement, the Municipality agrees to <br /> immediately convey fee simple title to the Parcel to CILBA. <br /> 5. Management of Abandoned Parcel: CILBA shall manage and dispose of the Parcel in <br /> accordance with the CILBA by-laws and policies and in consultation with the Municipality <br /> Contact, as defined herein. <br /> 6. Proceeds of Future Sale: CILBA shall be entitled to all proceeds from any future sale <br /> of any Parcel acquired by the Municipality and conveyed by the Municipality to CILBA under this <br /> Agreement. CILBA shall use the proceeds to further its mission. <br /> 7. Properties Ineligible for Abandonment: In the event that CILBA,or its counsel,notifies <br /> the Municipality Contact, in writing, that a Parcel is ineligible for a declaration of abandonment, <br /> the Municipality may elect to: <br /> a. Dismiss the Petition; or <br /> b. Proceed with the Petition and seek demolition or repair authority for the <br /> Municipality pursuant to 65 ILCS 5/11-31-1(a). If the Municipality elects to proceed <br /> with the Petition, the Municipality shall engage its own counsel and pay all future <br /> costs associated with the Petition. <br /> 8. Contacts: The Parties' contacts for implementation of this Agreement are as follows <br /> ("Contacts"): <br /> For the Municipality: <br /> Contact (Official): Ton kAst� <br /> Email Address: p Kn_J S2 de c Ar)" .Pip v <br /> Phone Number: -I-1— 47-H 1 <br /> Contact (Attorney): (ilr <br /> 2 <br />