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R2024-343 Resolution Authorizing an Amendment to the Redevelopment Agreement between the City of Decatur and Tillamook Illinois, LLC
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R2024-343 Resolution Authorizing an Amendment to the Redevelopment Agreement between the City of Decatur and Tillamook Illinois, LLC
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12/6/2024 12:03:26 PM
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12/6/2024 12:03:23 PM
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Resolution/Ordinance
Res Ord Num
R2024-343
Res Ord Title
R2024-343 Resolution Authorizing an Amendment to the Redevelopment Agreement between the City of Decatur and Tillamook Illinois, LLC
Department
City Manager
Approved Date
11/4/2024
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Docusign Envelope ID:FECAOD51-A487-4078-961E-OD56727B95DC <br /> The City will assist Developer with necessary and required public rights of <br /> way vacations for approved expansions of the Project in the Development <br /> Area so long as the vacations do not impact required public access. <br /> Additionally,the City agrees to reimburse Developer for those portions of <br /> the decorative fencing undertaken along N. Martin Luther King Jr. Dr. and <br /> along E. Marietta St. right of ways in an amount not to exceed <br /> $150,000.00(One Hundred Fifty Thousand Dollars). <br /> 4.6 Permit Fees Reimbursement <br /> It is estimated this project, as revised with the increased Developer <br /> investment, has paid or would pay plan review and permit fees estimated <br /> be more than$220,000.00. The city agrees to cap or reimburse all permit <br /> related fees paid in 2023 and 2024 paid in excess of$100,000.00(One <br /> Hundred Thousand Dollars.) <br /> IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed <br /> in their respective corporate names by their respective officers duly authorized and their <br /> respective corporate seals to be affixed and attested by their respective officers having the day <br /> and year first above written. <br /> CITY OF DECATUR, ILLINOIS, <br /> a M��al om ration <br /> W. ��/cOit <br /> TTEST: <br /> (.' <br /> City Clerk <br /> Tillamook Illinois, LLC <br /> Do Signed by: <br /> BY-F11/9/2024 <br /> BY: <br /> ATTEST: �LDD56C6DD927341B... <br />
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