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EXHIBIT 3 <br /> Form of Memorandum of Agreement <br /> THIS DOCUMENT <br /> PREPARED BY <br /> David S.Silverman <br /> Ancel Glink,P.C. <br /> 140 S.Dearborn Street <br /> Suite 600 <br /> Chicago,IL 60603 <br /> AND AFTER RECORDING <br /> RETURN TO: <br /> Wendy Morthland <br /> Corporation Counsel <br /> City of Decatur <br /> 1 Gary K.Anderson Plaza <br /> Decatur,IL 62523 This Space for Recorder's Use Only <br /> MEMORANDUM OF REDEVELOPMENT AGREEMENT <br /> BY AND BETWEEN <br /> THE CITY OF DECATUR <br /> AND <br /> MERCHANT STREET SOUTH,LLC <br /> (148-160 E.MAIN STREET AND 112 N.MERCHANT STREET— <br /> CENTRAL TIF REDEVELOPMENT PROJECT AREA) <br /> Merchant Street South, LLC, and Illinois limited liability company ("Redeveloper"), and the City of <br /> Decatur, an Illinois home rule municipal corporation ("City") have entered into the above captioned <br /> Redevelopment Agreement, dated May_, 2024 with respect to the renovation and rehabilitation of the <br /> buildings located at 148-160 E. Main Street and 112 N. Merchant Street("Projects"),both located in the <br /> City, County of Macon, State of Illinois, and legally described on Exhibit A, attached to, and by this <br /> reference, made a part of this Memorandum. The Redevelopment Agreement sets forth the terms and <br /> conditions under which the Redeveloper will construct and complete the Projects. <br /> DATED: May ,2024 <br /> IN WITNESS WHEREOF, the parties hereto have executed this Memorandum and <br /> caused their respective seals to be affixed and attested thereto as of the date above. <br /> CITY OF DECATUR MERCHANT STREET SOUTH,LLC <br /> an Illinois municipal corporation An Illinois limited liability company <br /> By: By: <br /> By: <br />