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<br /> �� AGREEMENT
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<br /> "� THIS DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DECATUR, ILLINOIS,
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<br /> � a home rule municipal corporation, (hereinafter referred to as the "City") and ARCHER-
<br /> � DANIELS-MIDLAND COMPANY, a Delaware corporation, (hereinafter referred to as "ADM"),
<br /> *� is entered into as of the 21�� day of Octob�r , 2010.
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<br /> " RECITALS
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<br /> ,� WHEREAS, the City is a home rule unit of government, pursuant to Section 6 of Article
<br /> VII of the Constitution of the State of Illinois, with all of the powers and functions pertaining to
<br /> its government and affairs as set out therein and as such has the authority to promote health,
<br /> safety and weffare, including to promote the development of its Central Business District,
<br /> promote employment of its citizens, prevent the spread of blight and deterioration and
<br /> inadequate facilities by promoting the development of and private investment in industry,
<br /> business and housing and enhancing the marketability of Premises and is authorized and
<br /> empowered to enter into economic incentive agreements pertaining to its government and
<br /> affairs, including the economic development of the City and the expansion of its tax base
<br /> thereby reducing unemployment; and
<br /> WHEREAS, ADM currently owns certain property located in the Central Business
<br /> District of the City and commonly referred to as the Global Training Facility; and
<br /> WHEREAS, there exists certain property more fully described on Exhibit A attached
<br /> hereto and by reference made a part hereof ("Premises"), located adjacent to the Global
<br /> Training Facility that is currently developed that ADM is interested in redeveloping thereby
<br /> contributing to the economic development of the City, increasing the tax base thereby reducing
<br /> unemployment and creating or retaining job opportunities within the City and serve to further
<br /> and maintain the development of adjacent areas, and the City is willing to enter into an
<br /> agreement with ADM to assure that said development and improvements occur; and
<br /> WHEREAS, ADM will locate employees of ADM into the development, creating and/or
<br /> retaining those jobs within the corporate limits of the City (the "Project"); and
<br /> WHEREAS, without this Agreement of the City as set forth, ADM would not undertake
<br /> the Project and the Project would not be possible.
<br /> NOW THEREFORE, in consideration of the promises and mutual covenants and
<br /> obligations of the parties contained herein, and other good and valuable consideration, the
<br /> receipt and sufficiency whereof are hereby acknowledged, the parties hereto, intending to be
<br /> legally bound, hereby covenant and agree as follows:
<br /> 1. At such time as ADM purchases the Premises, the City shall execute a written
<br /> lease agreement (substantially in the form as Exhibit B hereto) to lease, at no charge, the
<br /> second floor, second floor ramp, third floor, third floor ramp, and fourth floor of the City's parking
<br /> deck located at the intersection of North Water Street and North Street to ADM. Said Lease
<br /> shall allow use of all parking spaces on the second floor, second floor ramp, third floor, third �
<br /> floor ramp, and fourth floor by employees, agents, officers, directors and business invites of '
<br /> ADM. Said Lease shall allow ADM exclusive use during the period 6:00 a.m. to 5:00 p.m.
<br /> Monday through Friday.
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