R2014-139 AUTHORIZING INTERGOVERNMENTAL AGREEMENT Decatur Macon County Enterprise Zone

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2) Clerical, copying, printing, postage and minor equipment expenses associated with Zone Advisory Board meetings, activities of the Zone Advisory Board and reporting to the State of Illinois. SECTION VII—ADMINISTRATOR SUCCESSION PROCESS. The agreement between the City of Decatur, on its own behalf and on behalf of the Designating Units of Governments, and the EDC, by which the EDC shall contract to act in the various capacities previously set forth herein, is expected to contain a provision authorizing the termination of said agreement, without cause, by either party upon notice to the other. In the event that the City of Decatur or the EDC elects such a termination prior to the expiration of this Intergovernmental Agreement, said termination shall not under any circumstances be construed as terminating this agreement. The parties to the agreement expressly agree that in that circumstance, this agreement shall remain in full force and effect and the parties hereto agree that they shall, in that event, designate, by majority vote, another entity, board or body to take over the duties of the EDC with regard to the Zone, or the Designating Units of Government shall create a means or mechanism for the election of a Zone Advisory Board and a Zone Administrator, which shall be adopted by a vote of the majority of the Designating Units. SECTION VIII—NO TAX LEVY OBJECTION. Taxpayers receiving Decatur Macon County Enterprise Zone property tax abatement under the terms and conditions of above must agree that they shall not file an objection to the real estate property taxes levied on the Site and/or Facilities. In the event any real estate property tax protest or objection is filed for the subject property,the Enterprise Zone property tax abatement for the subject property shall automatically terminate. SECTION IX—NO ASSIGNMENT OR TRANSFER. Decatur Macon County Enterprise Zone property tax abatement shall be specifically granted to the applicant and may not be assigned to or transferred without the written consent of the Decatur Macon County Enterprise Zone Administrator, with the advice and consent of the Enterprise Zone Advisory Board, on behalf of the taxing bodies. In the event that the applicant desires to transfer or assign any or all of its ownership of the subject property where the business is located thereon, the transferee shall submit a written request to the Decatur Macon County Enterprise Zone Administrator requesting transfer of the abatement to the new owner for the time remaining on the abatement. The Decatur Macon County Enterprise Zone Administrator, with the advice and consent of the Enterprise Zone Advisory Board, shall review the taxpayer's request to transfer said abatement, and determine the taxpayer's eligibility for such transfer, subject to the terms and conditions outlined above and the applicable MOU. The Decatur Macon County Enterprise Zone Administrator shall notify the affected taxing bodies that such a request has been made and the action taken by the Administrator to address the transfer request. SECTION X—TAX INCREMENT FINANCING DISTRICT OR REDEVELOPMENT AREA OVERLAY. In the event that a Tax Increment Financing (TIF) District or redevelopment district or project area (20 ILCS 655/5.4.1) is, will be, or has been created by a municipality under Division 74.4 of the