2006-102 APPROVING A REDEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DECATUR, ILLINOIS AND IP PLAZA, LLC, IN CONNECTION WITH THE EASTGATE COMMONS REDEVELOPMENT PROJECT AREA

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�� : �7�1 �=aoe : �� degrees 52 minutes 49 seconds East a distance of 17.00 feet to a p��int or,the South�ight-of=way line of F.A. Route 49(U.S. Route 36);thence Southeasterly along said South right-of-way iine on a be�ring of South 81 degrees 2 l minutes 22 seconds East a distance of 149,26 feet to a point;thence Southerly on a Y}earing of South 0 degreec 07 ►ninutes 15 seconds Fast a distance of 126.31 ±eet to a point on the North right-of-w�y line of Mary�iand Str�et, thence Westerly along said North right-of-way line on a bearing of North 89 degree5 50 minutes 46 seconds West a distance�f 99.�0 feet to the plac�of beginning. Situated in Macon County, Illinois. ' Tract tl: Commencing at a brass plate at the Southwest corner of said Section 21;th nce Easterly along the South line of the Southwest Quarter of said Section 21 on a bearing of 89 degre?s 50 minu�es 46 seconds a distance of 216.30 feet to a point;thence Nertherly on a bearina of North 0 degrees 09 minutes �4 seconds East a distance of 30.00 feet to a point on the North right-of-way line of Maryland Street, said point be�ng the place of beginning; thence Nurtherly on a bearing of North 0 degrees 0 i minutes 15 seeonds West a distAnce of 12ti31 feet to a point on the s�uth rig�t-of-way line of F.A. Raute�9(U.�. Route 36);thence Southeasterly along the said South right-of-way Iille cm a benring of South 7 t degree�2�) minutes 09 seconds East a distance of 375.$4 f'eet to appoini said point hein��?he intersection of the South right-of-way line of F.A, Route 49(U.S. Route 3�)avd the North right-of=way lien of Maryland Street;thence Westerly along said North right-of-way line on a bea�ing ofNorth 89 degrees 50 minutes 4ti seconds West for a distance 409.19 feet to the place of begir.ning. Situat�d in Macon Caunty, [llinois. 200� EAV: $127,141 - PHASE lT -- -- Cohen Development Tract: �.� I'art �t the West Half ot the Northwest�uarter of the Northwest Quarter ot'Section!8. T�wnship 16 north, Rarige 3 I�:a��oi the'1'��iru Yrincipal Meridian, Macon Colmty, Illinois,more parti�ularly dese�ibec�as follows. Comrr�:�lcin� a? the yo!ith�ti�st corner oi�ti�e Northwest Quarter uf the Northwest Quarter of said S�ction �8,thence on a be::ring ot Soutt� t;9 degrees�3 minutes "?9 seconds�,ast alon�the South line of the Nc�rthwest�uart�r of tre N�rthw�st (1uar�er ui :7ai�! Section 28 a distance of 215 feet to the place of be�inning<�f the trac�to b�desc:ibe�;iI1�11CC 50U1I1 �i�de�rees 4� minutes 29 secunds East along said South line of the North��est Quart�r oftl�e Northwes:Qu�irr��r of �tction :'_S,446.04 feet to the Southeast corner of the Wcst Half ui�the Northwest Qu�rter uf ih�e Northwesc(�?uarter of;aid Srction:'_8:rhence on a bea.ring ot North 0 degrees O1 minutes 52 seconds Ea t along the East line of'the . VJest tialf'oi°the Northwest Quarter of�the Northwest Quarter, of'said Section 28, 71�.45 feet to a point;thence on a bearing uf Narth 89 degrees 55 minutes 02 seconds West, 323.09 feet to a point;the ce on a bearing of South 0 ��e�rees 04 miuutes 5� seconds West, 1]5.67 feet to a point;thence on a bearin�of N rth 89 degrees �5 min��tes 02 �econus West,2?2.�0 feet tc+a point of intersection with the aforesaid F,aste�ly right- f-u•ay iine of S.B.I. Route 121; thencx c�n a bearin�of South 0 degrees 4 minutes 58 secondc West along said Easterl right-of-way line a distance ut�1 l% 78 feer. thence t:asterly 1511 fcet along tP�e line paralle?with the South line of e Northwest Quarter�f the tiorti��vcst Quarler��f said Sectior�28: thence Southerly I50 feet along the line parall 1 �vith the East right-of-��a}� line oi Route No.121 to the place uf'beginning. Situated in Nlacon Cour�ty, Illinois. , No�ti known as: :.ot i af'K mart Plaza Addition as per Plat recorded in F3ook l 832 ori Page !90 of the Records in the Recurder's Uffice of Mac�n C;ourity, Illinois. Situated in Macon County, t!linois. Main Street Bank Tract: i I3eginning at the intersection of the East;ight-of-way line of Route 121 and the Sout11 line of the Northwest Quarter of the Norkhwest Quarter of Section 28,1'ownship 16 North, Range 3 East of the 3`d I�.M. in the County of Macon and State of Illinois, said puint being 65.00 feet East of the South��est corner thereof:�ithence Easterly 150.00 feet �long the South line of the Northwe�t Quarter of the Northwest Quae-ter of Section 28 to a point;thence Northerly !�U.00 feet al�mg a iine paraiiei wit}�said East right-ot=way line or Rc?ute No. 1?1 to point; thenc? Westerly i50.00 fcet along a �ine parallel with said South line of the Northwest Quarter of the Northw st Quarter�f Section 28 to a po�nt on said Fast ribht-uf-�vay line;thence Southerly 150.0U feet along said right-of- ay line tc,the place of i � Page 24 of 3� '�,