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SCULPTURE AGREEMENT <br /> �� <br /> a� <br /> THIS AGREEMENT is made this�r7� day of 7anuary , 2008, between the City <br /> of Decatur, Illinois hereinafter called "DECATUR", and Preston 7ackson, hereinafter <br /> called ��Artist". <br /> In consideration of the agreements contained herein, the parties agree as follows: <br /> 1. The Artist shall design, fabricate and complete the following artwork, <br /> hereinafter called "Artwork": <br /> Cast bronze or Cast Bronze and Stainless Steel Sculpture <br /> commemorating the work of Abraham Lincoln and African American <br /> Soldiers of the Civil War � <br /> 2. The parties agree that DECATUR shall pay the sum of$ 150,000 to <br /> the Artist for said Artwork, and Artist agrees to create the Artwork and transfer all <br /> right, title and interest in the Artwork to DECATUR or its nominee, upon receipt of <br /> the final payment. Payment shall be made as follows: <br /> a. $_50,000 (one-third of total payment) upon signing of the <br /> agreement. The Artist shall commence work on the Artwork after receipt of <br /> the first payment and upon DECATUR's approval of Artist's design proposal. <br /> b. $ 50,000 (one-third of total payment) after Artist's <br /> completion of the wax pattern prior to bronze casting and upon approval of <br /> the pattern by DECATUR. � <br /> , ' <br />