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Illinois. The City acknowledges and agrees that Archway will <br /> initially lease a minimum of 27 Parking Spaces and will have an <br /> the option to lease additional Parking Spaces up to a maximum <br /> number of 35 (the "Option"). In order to exercise all or part of its <br /> Option, Archway may from time to time deliver written notice to <br /> the City indicating Archway's exercise of all or a portion of its <br /> Option to lease additional Parking Spaces specifying the effective <br /> date for the lease for such additional Parking Spaces to become <br /> effective, and the City shall make such additional Parking Spaces <br /> available on such date. Archway may restrict access to the Pazking <br /> Spaces leased pursuant hereto as set forth in Section 11 a below, <br /> within such Parking Garage B identified on Exhibit A attached <br /> hereto an incorporated herein by this reference.;" <br /> is hereby amended to provide as follows: <br /> "A maximum of 35 Parking Spaces in Parking Garage B located at <br /> the northwest corner of Water and North Streets, City of Decatur, <br /> Illinois. The City acknowledges and agrees that Archway will <br /> initially lease a minimum of 27 Parking Spaces and will have the <br /> option to lease additional Pazking Spaces up to a m�imum <br /> number of 35 or the option to lease less than 27 Parking Spaces <br /> (the " tion"). In order to exercise its Option, Joyner may from <br /> time ta time deliver written notice to the City indicating Joyner's <br /> exercise of its Option specifying the effective da.te for the lease for <br /> such Parking Spaces to become effective, and the City shall make <br /> such additional Parking Spaces, if applicable, available on such <br /> date. Archway may restrict access to the Parking Spaces leased <br /> pursuant hereto as set forth in Section 11 a below, within such <br /> Parking Gazage B identified on E�chibit A attached hereto an <br /> incorporated herein by this reference.;" <br /> 3. Section 3 of the Agreement,which currently provides: <br /> "Rent. The Rent shall vary based on the number of Parking <br /> Spaces leased by A.rchway pursuant to its Option at any time <br /> period at a rate of Ten Dollars ($10.00) per leased Parking Space <br /> per month. Archway sha11 pay to the City the calculated rent based <br /> on the number of Parking spaces leased pursuant hereto. Rent sha11 <br /> be paid on an annual basis in advance, with the first annual <br /> payment due on the Commencement Date and on each yearly <br /> anniversazy of the Commencement Date thereafter for the duration <br /> 2 <br />