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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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10/2/2015 10:40:10 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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� <br /> .� <br /> 4 <br /> Decatur, Illinois 62523 <br /> b. If to RDLLC: <br /> Attention Darren Reynolds <br /> 111 E. Decatur Street <br /> Decatur, IL 62521 <br /> c. Any such notice or demand shall be deemed to have been given or made at the <br /> time it is deposited in the U.S. Mail. RDLLC or the City may from time to time <br /> designate any other address for this purpose by written notice to the other party. <br /> 13. Ri�ht to Substitute Spaces. During the term of this Lease, the City shall have <br /> the unqualified right to substitute other parking spaces, it may own or control, in <br /> lieu of the original parking spaced provided in this lease. However, in exercising <br /> its right of substitution the City shall first give RDLLC at least thirty (30) days <br /> notice of the change, and the substituted spaces shall be of the like-kind and <br /> quality as the spaces presently leased, and shall be substantially similar in <br /> distance from the RDLLC offices located in the new building to be constructed by <br /> RDLLC as the original parking spaces provided in this Lease. <br /> 14. Waiver. Failure or delay on the part of RDLLC or the City to exercise any <br /> right, power of privilege hereunder shall not operate as a waiver hereof. <br /> 15. Prior Negotiations. This Lease constitutes the entire agreement of the <br /> parties hereto and shall supersede all prior offers, negotiations and <br /> agreements. <br /> 16. Assignment. RDLLC may not assign its rights under this Lease to <br /> subsequent owners, lessees, occupiers, persons or entities without the <br /> express authorization of the City, which express authorization shall not be <br /> unreasonably withheld. Any such assignment shall cause this Lease to be null <br /> and void. <br /> 17. Amendment. No amendment of this Lease shall be valid unless made in <br /> writing and signed by RDLLC and an authorized agent of the City. <br /> 18. Severabilitv. If any section, terms or provisions of this Lease or the <br /> application thereof shall be held to be invalid or unenforceable, the <br /> remainder of each section, subsection, term or provision of this Lease or <br /> the application of the Lease to the parties, shall not be affected thereby. <br /> 19. Termination. Notwithstanding the above, either party hereto may <br /> terminate this Lease on thirty(30) days notice to the other party, for any <br /> material violation of the terms and provisions hereof, which is not cured or in the <br /> - 35 - <br />
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