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2024-63 Ordinance Authorizing a TIF Redevelopment Agreement between the City of Decatur and Merchant Street South, LLC
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2024-63 Ordinance Authorizing a TIF Redevelopment Agreement between the City of Decatur and Merchant Street South, LLC
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1/27/2025 4:53:21 PM
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Resolution/Ordinance
Res Ord Num
2024-63
Res Ord Title
2024-63 2024-63 Ordinance Authorizing a TIF Redevelopment Agreement between the City of Decatur and Merchant Street South, LLC
Department
City Manager
Approved Date
5/6/2024
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EXECUTION COPY <br /> 15.3 Binding Upon Successors in Interest. This Agreement shall be binding upon all <br /> the parties hereto and their respective heirs, successors, administrators, assigns or <br /> other successors in interest. <br /> 15.4 Titles of Paragraphs. Titles of the several parts, paragraphs, sections or articles <br /> of this Agreement are inserted for convenience of reference only and shall be <br /> disregarded in construing or interpreting any provision hereof. <br /> 15.5 Notices. Notices or demands hereunder shall be in writing and shall be served(a) <br /> by personal delivery; or(b)by certified mail,return receipt requested to: <br /> the City: with copies to: <br /> City Clerk City Manager <br /> 1 Gary K.Anderson Plz. 1 Gary K.Anderson Plaza <br /> Decatur, IL 62523 Decatur, IL 62523 <br /> Corporation Counsel <br /> 1 Gary K.Anderson Plaza <br /> Decatur, IL 62523 <br /> the Redeveloper: with a copy to.- <br /> Merchant <br /> o:Merchant Street South, LLC Ancel Glink,P.C. <br /> Attn: David Reimer Attn. David Silverman <br /> 101 S. Main Street 140 S. Dearborn Street <br /> Suite 800 Suite 600 <br /> Decatur, IL 62523 Chicago, IL 60603 <br /> or to the last known address of either party or to the address provided by any <br /> assignee if such address has been given in writing. In the event said notice is <br /> mailed, the date of service of such notice shall be deemed to be two (2) business <br /> days after the date of delivery of said notice to the United States Post Office. <br /> 15.7 Severability. If any provision of this Agreement is held to be invalid, the <br /> remainder of this Agreement shall not be affected thereby. <br /> 15.8 Project Sign. Prior to commencement of construction of either the 148 E. Main <br /> Project or 112 N. Merchant Project, the Redeveloper shall place at the front of the <br /> 148 E. Main Project and 112 N. Merchant Project a Project identification sign <br /> which sign shall contain the following: <br /> (a) A colored elevation view of the applicable Project being constructed; <br /> (b) A listing of the applicable Project team including the City; and <br /> -17- <br />
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