R2013-87 AUTHORIZING EXECUTION OF A REDEVLOPMENT AGREEMENT Southside

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specialties, physical construction activities, interior design and decorating, interest expense related to a construction loan, development fees and other ancillary and related expenses and as the same may be amended, modified, restated or supplemented from time to time with the approval of the City in accordance with this Agreement. All updates to the Police Facility Cost Analysis shall be prepared in an identical format. "Police Facility Site" means the area upon which the Police Facility will be located including all exterior areas to be utilized for parking, ingress and egress,landscaping and other ancillary facilities required for the operation of the Police Facility as described and set forth on Exhibit 1 attached hereto and made a part hereof. "Real Estate Taxes" means the ad valorem real property taxes levied on the Police Facility, the Police Facility Site and any other structures or buildings on the Police Facility Site. "Redeveloper" means BW of Decatur, LLC, an Illinois Limited Liability Company, of Decatur,Illinois who will develop,construct and lease the Police Facility. "Redevelopment Plan" means the City of Decatur Southside Tax Increment Redevelopment Plan and Project dated April 11, 2013 which is contemplated for adoption by the corporate authorities of the City "Redevelopment Project Area" means the City of Decatur Southside Tax Increment Redevelopment Project Area which is contemplated for adoption by the corporate authorities of the City. "Redevelopment Project Costs" means those costs defined as Redevelopment Project Costs pursuant to Section 11-74.4-3(q) of the Act that were incurred by the Redeveloper in the construction and development of the Police Facility. "Street Improvements" means all improvements to be made during the construction of the Police Facility to Southside Drive adjoining the Police Facility Site, ingress and egress drives to the Police Facility from Southside Drive, stop lights,if any, and all utility and related work to be constructed within the rights-of-way of Southside Drive or other utility easements. "Tax Increment Revenues" means the real estate tax revenues that are generated from the Police facility and the Police Facility Site pursuant to Section 11-74.4- 8 of the Act that are received by the City for deposit in the Southside Tax Increment Special Tax Increment Fund.. 1.2 Construction of Words. The words "hereof', "herein", "hereunder" and other words of similar import refer to this Agreement as a whole. The words "above" or"below"refer to the location of an Article, Section or other subdivision of this Agreement within this Agreement. Unless otherwise specified, references to Articles, Sections and other subdivisions of this Agreement are to the designated Articles, Sections and other subdivisions of this Agreement as originally executed. The headings of this Agreement are for the convenience of reference only and shall not limit or define the provisions hereof. 5 '