R2012-02 AMENDING LEASE AGREEMENT - DECATUR PUBLIC BUILDING COMMISSION

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LEASE THIS AGREEMENT made as of the t day f eber, 21'1, between the Decatur Public Building Commission, Macon County, Illinois, a municipal corporation (Commission), as Lessor, and the City of Decatur, Macon County, Illinois, a municipality and a home rule unit under the provisions of the Illinois Constitution of 1970 (City), as Lessee. In consideration of the rents reserved hereunder, and the promises and the covenants herein made by each of the parties hereto, and for other good and valuable consideration, it is convenanted and agreed by the parties hereto as follows: SECTION I. Lease Terms and Rentals A. In consideration of the rents reserved and the covenants, agreements and other terms and conditions herein provided to be kept, observed and performed by the City, the Commission does hereby lease to the City those portions of the Law Enforcement Center located on Block 7 of South Addition to Decatur, as per plat recorded in Book G,page 553 of the records in the Recorder's Office of Macon County, Illinois, street address 333 South Franklin Street, Decatur, Illinois, allocated to the City's use as specified on Exhibit A attached hereto. B. The term of this Lease shall be for three(3) years beginning on December 1, 2011 and ending on November 30, 2014. The rent for the first year shall be Two Hundred Ninety-seven Thousand Eight Hundred Ninety-two Dollars ($297,892.00); for the second year Three Hundred Six Thousand Eight Hundred Twenty-nine Dollars ($306,829.00); and for the third year Three Hundred Sixteen Thousand Thirty-four Dollars ($316,034.00). The annual rent shall be paid on or before December 1, 2011, December 1, 2012 and December 1, 2013.