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R2010-200 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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R2010-200 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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10/2/2015 10:40:12 AM
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Resolution/Ordinance
Res Ord Num
R2010-200
Res Ord Title
RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
Approved Date
10/21/2010
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y <br /> Exhibit G <br /> LEASE <br /> THIS LEASE, made and entered into by and between the CITY OF DECATUR, <br /> ILLINOIS, a municipal corporation (hereinafter referred to as "City"), and REYNOLDS <br /> DEVELOPMENT, LLC, an Illinois Limited Liability company, (hereinafter referred to as <br /> "RDLLC"). <br /> WITNESSETH: <br /> 1. Premises. The City does hereby demise and lease to RDLLC the following described <br /> premises: <br /> a. All parking spots in the Parking Lot as described in Exhibit F and for at least <br /> twenty (20) spaces in Municipality's Parking Garage B located at the northwest <br /> corner of Water and North Streets, City of Decatur, Illinois. <br /> 2. Exclusive Use. During the term of this Lease, RDLLC shall enjoy exclusive use and <br /> possession of all said parking spots from 9:00 a.m. to 4:00 p.m. Monday through <br /> Friday. <br /> 3. Term. The term of this Lease shall commence on and shall terminate twenty (20) <br /> years from the date of commencement with a renewal option of another twenty (20) <br /> years, except as may be earlier terminated by the provisions of this Lease. Such option <br /> may be exercised by written notice by RDLLC to City at any time prior to the <br /> expiration of the initial twenty (20) year term. <br /> 4. Rent. RDLLC shall not be required to pay to the City, any rent for the above- <br /> described premises. <br /> 5. Taxes. RDLLC shall pay their pro rata share of taxes, if any, due on the above- <br /> described premises which are attributable to RDLLC's Lease or use of the premises. <br /> 6. Compliance with Laws. RDLLC agrees to observe and comply with all rules, <br /> regulations, ordinances, statutes and zoning laws now in force or which may be <br /> enacted during the continuation of this Lease by the City or any other Municipal, <br /> County, State or Federal authority and to indemnify the City for any damage caused by <br /> violation thereof. <br /> 7. Release. RDLLC, in using the premises, does so at its own risk. The City shall not be <br /> liable for any damages to property sustained by RDLLC on the premises, or any <br /> portion thereof, except as resulting from the City's violation of any term of this Lease. <br /> Except as resulting from the City's violation of any term of this Lease, RDLLC <br /> assumes full responsibility for property damages or injuries which may occur to <br /> - 32 - <br />
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