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R2010-237 AUTHORIZING AMENDMENT TO LEASE AGREEMENT
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R2010-237 AUTHORIZING AMENDMENT TO LEASE AGREEMENT
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10/1/2015 11:34:47 AM
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10/1/2015 11:34:47 AM
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Resolution/Ordinance
Res Ord Num
R2010-237
Res Ord Title
AUTHORIZING AMENDMENT TO LEASE AGREEMENT - SOUTH WATER STREET, LLC, GARAGE C PARKING
Department
Development Services
Approved Date
12/6/2010
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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 has increased the maximum allowable parking <br /> spaces purchased at a reduced rate from 100 to 125 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 125. <br /> 2. All other terms of the Agreement are hereby confirmed, and shall remain in full force and <br /> effect. <br /> DATED this 6th day of December, 2010. <br /> FOR E� OF ECAT L IS <br /> C AEL . M E R , R <br /> ST: 1 <br /> . <br /> G�i�� <br /> CITY CLERK , <br /> FOR SOUT T� STREF.�;LLC <br /> .��... � , <br /> TONY ROMANO, PRESIDENT <br />
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