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R2011-132 AUTHORIZING SECOND AMENDMENT TO LEASE AGREEMENT
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R2011-132 AUTHORIZING SECOND AMENDMENT TO LEASE AGREEMENT
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8/31/2015 4:03:47 PM
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8/31/2015 4:03:47 PM
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Resolution/Ordinance
Res Ord Num
R2011-132
Res Ord Title
AUTHORIZING SECOND AMENDMENT TO LEASE AGREEMENT - SOUTH WATER STREET, LLC, GARAGE C PARKING
Department
Development Services
Approved Date
8/15/2011
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AMENDMENT TO SOUTH WATER STREET, LLC, PARKING LEASE AGREEMENT <br /> WHEREAS, the City of Decatur, Illinois, a municipal corporation ("City") and South <br /> Water Street, LLC ("Developer") entered into a lease agreement ("Agreement") dated June 7, <br /> 2010 for parking spaces in Parking Garage C located at the northeast corner of Franklin and <br /> Wood Streets; and, <br /> WHEREAS, the City and Developer have increased the maximum allowable parking <br /> spaces purchased at a reduced rate from 125 to 135 parking spaces ("Option"); and, <br /> NOW, THEREFORE, the City and Developer agree as follows: <br /> 1. Upon approval from the City Council, the maximum allowable parking spaces specified <br /> by paragraph 1 of the Agreement shall be increased to a maximum of 135. <br /> 2. All other terms of the Agreement are hereby confirmed, and shall remain in full force and <br /> effect. <br /> DATED this 15th day of August, 2011. <br /> O T CHAT , I LINOIS <br /> ollcoel <br /> C RO , <br /> S , <br /> CITY CLERK <br /> FOR SOUTH WA R STREET, LLC <br /> TONY ANO, PRESIDENT <br />
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