R2010-199 AUTHORIZING AMENDMENT TO REDEVELOPMENT AGREEMENT

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v� ;� � AI m 1. Section 10 of the Agreement, which currently provides as '� follows: L1 � � "The Municipality absolutely reserves the right, prior to the expiration of '�" the term of this Agreement and to the extent lawful, in its sole discretion, �� to prepay all or any part of its obligations under this Agreement or any � Note;" ,� is hereby ainended to provide as follows: "The Municipality absolutely reserves the right, prior to the expiration of the term of this Agreement and to the extent lawful, in its sole discretion, to prepay a part of its obligations not to exceed $2,529,037.16 under this Agreement or any Note." 2. Exhibit A attached to the Agreement is hereby ainended to conforin to Exhibit A attached to this Amendment with the following paragraph added: "The above amounts are estimates only and shall not be deemed a limitation on the Developer's ability to recover more eligible redevelopment projects costs per category than the amount estimated above. 3. Developer and Municipality agree and acknowledge that all other terms, conditions and covenants of the Agreement, other than those amended herein, shall remain in full force and effect. 4. Developer and Municipality agree that this Amendment shall be attached to the Agreeinent and, as of the date hereof, will be fully incol-porated therein. 5. This Amendinent shall not be effective until the City Council of Municipality shall have validly approved a new Redevelopment Agreement with Developer for approximately the West Sixty (60) Feet of Lots One (1), Two (2), Three (3), Four (4), Five (5) and Six (6) of the Resurvey of Lots One (1), Two (2) and Three (3) in Block Two (2) of Central Addition to Decatur as per Plat recorded in Book 149, Page 303 of the Records in the Recorder's Office of Macon County, Illinois , 2