R2024-371 Resolution Authorizing Development Agreement between City of Decatur, Illinois and Stixon36 LLC

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Section 2.This Agreement shall begin on the Effective Date for a term of three (3)years. Section 3. As an express condition of this Agreement and the issuance of a Class G liquor license and Class V video gaming license,the Licensee shall remain in compliance with all municipal ordinances including,but not limited to those relating to liquor,property development,property condition,zoning,subdivision and building codes (collectively,the"City Codes").In addition to all other remedies available to the City including fines,suspensions or revocations of licensee's liquor license and video gaming license,failure to comply with all municipal ordinances shall be cause for the City to declare the Licensee in Default and terminate this Agreement. Section 4. Each signator to this Agreement warrants and represents that they are duly authorized to execute this Agreement on behalf of the party for who the Agreement is signed. Section 5.The Parties acknowledge that the Licensee does not own the building in which the licensed premises are located but leases a suite located at 3645 US-36, Decatur,IL 62521,("Premises")while the Chevrolet Hall of Fame Museum operates in another suite of the same building located at 3635 US-36,Decatur,IL 62521 under separate ownership and management than the Licensee. Section 6. As an express condition of the entering into of this Agreement for the purpose of obtaining a Class V license under the terms and conditions of the City Code of Decatur, Licensee agrees to: a.Increase the number of employees of Licensee over the term of this Agreement by five(5)part-time employees effective November 15,2024,for a total employment of fifteen(15)employees and maintain that number of employees or the full time equivalent for the term of this Agreement. b. Provide or pay for food manager's licenses for those established employees with employment positions relevant to the license. c. Hold a minimum of fifty(50)regionally advertised Amateur Pool Tournaments per year at Premises for the term of this Agreement.For purposes of this Agreement,regionally shall be defined as Central Illinois counties including Moultrie,Champaign,Coles,Vermillion,Sangamon,Piatt,Peoria,Dewitt and McClean counties. d. Increase the annual food and beverage taxes payable to the City by three percent(3%)from those due and owing from the twelve(12)months prior to the Effective Date of this Agreement for the first year of this Agreement and a like amount for the remaining two(2)years of this Agreement for a total increase of nine percent(9%)of the food and beverage taxes due and owing to the City.