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

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e. Maintain a minimum of Ten Thousand(10,000)square feet of space for the licensed Premises. f. Install new business signage on the licensed Premises within twelve (12)months of the Effective Date of this Agreement in conformance with all applicable ordinances and codes of the City. g.Increase dining room capacity of Licensee on the licensed Premises by fifty percent(50%)within twelve(12)months of the Effective Date of this Agreement. h. Invest no less than Two Hundred Fifty Thousand Dollars($250,000) into Premises during the term of this Agreement,which investment may include those monies invested by Licensee or invested by the owner of the Licensed Premises specifically for improvements or maintenance of the Licensed Premises but shall not include any monies used for Licensee's obtaining of its Class G liquor license. i.Agree to partner with or attempt to partner with existing culinary training and/or educational programs located in the City in order to provide additional educational and training experience to residents. Section 7. As an express condition and in consideration for the Licensee's agreements set forth above and in anticipation of completion of those,the City agrees to issue a Class V liquor license,conditioned upon proof from Licensee of compliance with the agreements set forth above.Proof of compliance for the agreements set forth above shall be provided by Licensee to City under the conditions set forth in this Agreement for the term of this Agreement. Section 8. It shall be the sole responsibility of the Licensee to submit paid invoices,receipts,sign-up sheets,payroll records or other documentation("Improvement Receipts")sufficient to satisfy the City on no less than an annual basis or upon reasonable request by the City for such records necessary to determine and ensure compliance with this Agreement in order to maintain conditional approval of the Class V license.The failure of Licensee to comply with the provisions of any federal,state or local law,statute or ordinance or failure to comply with the provisions of this Agreement, including,but not limited to providing any information required or requested herein after written notice from the City,and the continued failure to provide such information within thirty(30)days after such notice,shall individually and collectively all be considered a material breach of this Agreement,and shall be cause for the City to suspend or revoke licensing hereunder to the Licensee,in addition to any other penalties and remedies available to the City for the violations. Section 9. For this Agreement,time is of the essence.