R2006-94 APPROVING REDEVELOPMENT AGREEMENT WITH IP PLAZA LLC

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! . , , , ., , �K � � ? t4PG12 � Northwest uarter of the Northwest uarter to the oint of be innin . Q Q p g g AND EXCEPT that part of the Northwest Quarter of the Northwest Quarter of Section 28,Township 16 North, Range 3 East of the 3"� P.M.,Macon County, Illinois described as follows: Commencing at the intersection of the South Right-of-Way line of F.A. Route 49 and the West lien of the East One—Half of the Northwest Quarter of the Northwest Quarter of said Section 28; thence South 71 degrees 27 minutes 15 seconds East(assumed bearing)349.86 feet,on the said South Right-of-Way line; thence South 0 degrees 01 minutes 52 seconds West 606.00 feet to the point of beginning; thence South 54 degrees 58 minutes 33 seconds West 43.34 feet;thence South l2 degrees 40 minutes 21 seconds West 550.97 feet,to a point on the South line of the Northwest Quarter of the Northwest Quarter of said Section 28; thence South 89 degrees 44 minutes 48 seconds East 156.06 feet on the South line of the Northwest Quarter of the Northwest Quarter of said Section 28;thence North 0 degrees 01 minutes 52 seconds East 563.12 feet to the point of beginning. 2005 EAV: $34,118 RP Lumber Tract: That part of the Northwest Quarter of the Northwest Quarter of Section Twenty-eight(28),Township Sixteen(16) North,Range Three(3) East of the 3`d P.M.,Macon County, Illinois described as follows: Beginning at the intersection of the South Right-of-way line of F.A. Route No.49 and the West line of the East Half of the Northwest Quarter of the Northwest Quarter of said Section 28;thence South 71 degrees 27 minutes I S seconds East(assumed bearing)349.86 feet,on the said South Right-of-Way line;thence South 0 degrees O1 minutes 52 seconds West 6060.00 feet;thence South 54 degrees 58 minutes 33 seconds West 43.34 feet,thence South 12 degrees 40 minutes 21 seconds West 550.97 feet to a point on the South line of the Northwest Quarter of the Northwest Quarter of said Section 28;thence North 89 degrees 44 minutes 48 seconds West 175.00 feet on the South line of the Northwest Quarter of the Northwest Quarter of said Section 28 to a point on the West line of the East Half of the Northwest Quarter of the Northwest Quarter of said Section 28; thence North 0 degrees 00 minutes 00 seconds East 1278.93 feet on the West lien of the East Half of the Northwest Quarter of the Northwest Quarter to the point of beginning. That part of the Northwest Quarter of the Northwest Quarter of Section 28,Township 16 north,Range 3 East of the 3`d P.M.; Macon County,Iilinois described as follows:Commencing at the intersection of the South Right-of-Way line of F.A. Route 49 and the West line of the East One-Half of the Northwest Quarter of the Northwest Quarter of said Section 28;thence South 71 degrees 27 minutes 15 seconds East(assumed bearing)349.86 feet,on the said South Right-of-Way line;thence South 0 degrees 01 minutes 52 seconds West 606.00 feet to the point of beginning; thence South 54 degrees 58 minutes 33 seconds West 43.34 feet;thence South 12 degrees 40 minutes 21 seconds West 550.97 feet,to a point on the South line of the Northwest Quarter of the I�torthwest Quarter of said Section 28; thence South 89 degrees 44 minutes 48 seconds East 156.06 feet on the South line of the Northwest Quarter of the Northwest Quarter of said Section 28;thence North 0 degrees O1 minutes 52 seconds East 563.12 feet to the point of beginning. 2005 EAV: �394,090 Hickory Point Bank Tract: Two Tracts of land in the Southwest Quarter of the Southwest Quarter of Section 2 l,Township l6 North,Range 3 East of the Third P.M.,Macon County, Illinois,and being more particularly described as follows; Tract I: Commencing at a brass plate at the Southwest corner of said Section 21; thence Easterly along the South line of the Southwest Quarter of said Section 21 on bearing of South 89 degrees 50 minutes 46 seconds East a distance of 116.90 feet to a point thence Northerly on a bearing of North 0 degrees 90 minutes 14 seconds East a distance of 30.00 feet to a point on the North right-of-way line of Maryland Street,said point being the place of beginning;thence Northwesterly along said North right-of-way line on a bearing of North 79 degrees 45 minutes 37 seconds West a distance of 60.95 feet to a point on the East right-of-way line of F.A. Route 33 (S.B.I. Route 12l); thence Northerly along said East right-of-way line on a bearing of North 0 degrees 04 minutes 47 seconds East a distance of(25.00 feet to a point; thence Northeasterly along said East right-of-way line on a bearing of North 4l Page 22 of 29