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<br /> � WHEREAS,the City believes that the development of the Project, subject to the adoption of Tax
<br /> � Increment Financing for the Redevelopment Area pursuant to the Act, pursuant to the proposed
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<br /> � Redevelopment Plan is in the vital and best interests of the City and the health, safety, morals and welfare
<br /> �,�, of its residents, and in accordance with the public purposes and provisions of the applicable federal, state
<br /> �i and local laws.
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<br /> NOW THEREFORE, in consideration of the promises and mutual covenants and obligations of
<br /> � the parties contained herein, and other good and valuable consideration, the receipt and sufficiency
<br /> 0 whereof are hereby acknowledged, the parties hereto, intending to be legally bound, hereby covenant and
<br /> a agree as follows:
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<br /> ARTICLE I: DEFINITIONS
<br /> "Act" means the Tax Increnzent Allocation Redevelopnaent Act, 65 ILCS S/11-74.4-1 et seq as it
<br /> may be amended from time to time.
<br /> "Applicable Law" means all laws, statutes, acts, ordinances, rules, regulations, permits, licenses,
<br /> authorizations, directives, orders and requirements of all Governmental Authorities, that now or
<br /> hereafter during the term of this Agreement may be applicable to the City, the Redeveloper,
<br /> and/or the Project, and the construction, maintenance, use and operation thereof, including those
<br /> relating to employees,zoning, building,health, safety, and accessibility of public facilities.
<br /> "Exterior Architectural Appearance" means the architectural character, general composition
<br /> and general arrangements of the exterior of the Project, and the adjacent plazas and pedestrian
<br /> areas, including the kind, color and texture of the building material and the type and character of
<br /> all windows, doors, light fixtures, signs and appurtenant elements, visible from public streets and
<br /> thoroughfares.
<br /> "Final Site Plan" means the final plan for the Project or any Phase thereof which sets forth the
<br /> limits of the work to be done, the building locations, ingress and egress, loading areas, parking, if
<br /> any, landscaping, signage and adjoining streets including one or more elevations or sketches
<br /> showing the exterior features and designs of all the buildings or structures.
<br /> "Preliminary Plans" means plans and drawings, including a Preliminary Site Plan for the
<br /> Project attached hereto as E�ibit 1 which are preliminary to the Construction Plans, which plans
<br /> and drawings include but are not limited to the limits of the work to be done, the location of
<br /> buildings and all auxiliary structures, ingress and egress, loading areas, parking, if any, proposed
<br /> signage, landscaping and one or more elevations showing the Exterior Architectural Appearance
<br /> of the Project or any phase thereof.
<br /> "Preliminary Site Plan" means the site layout for the Project or any phase thereof including
<br /> parking, if any, buildings, ingress and egress, pedestrian and vehicular circulation, utilities,
<br /> grading, storm water detention, landscaping and service areas, and all proposed dedications and
<br /> easements.
<br /> "Project" means the shopping center and related facilities to be developed and constructed by
<br /> the Redeveloper as more fully shown on described on Exhibit 1 attached hereto and made a part
<br /> hereof.
<br /> City of Decatur/Pines Shopping Center Redevelopment Agreement 2
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