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R2006-65 AUTHORIZING AGREEMENT DECATUR AUTO DEALERS ASSOCIATION
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R2006-65 AUTHORIZING AGREEMENT DECATUR AUTO DEALERS ASSOCIATION
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Last modified
12/2/2015 9:37:32 AM
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12/2/2015 9:37:31 AM
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Resolution/Ordinance
Res Ord Num
R2006-65
Res Ord Title
AUTHORIZING AGREEMENT DECATUR AUTO DEALERS ASSOCIATION - PROGRESS CITY
Approved Date
5/1/2006
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• � <br /> AGREEMENT � <br /> THIS A reement made and entered into this day of � ("�`� <br /> 9 � <br /> 2006, by and between Decatur, Illinois Automotive Trades Association, Inc., Illinois <br /> not-for-profit Corporation, (hereinafter "Association") and the City of Decatur, Illinois, a <br /> Municipal Corporation (hereinafter "City") for and in consideration of mutual covenants <br /> contained herein the parties hereby agree as follows: <br /> 1. That Association intends to conduct up to two (2) "tent sales" annually, for <br /> the next three years, within the city limits of City, particularly at Progress City, Illinois, <br /> commencing in June 2006. The parties agree that conducting the tent sales at said lo- <br /> cation within the City of Decatur is mutually beneficial to both Association and City. <br /> 2. That City desires to provide economic incentives to Association in order to <br /> induce them to conduct the tent sales within the city limits. <br /> 3. That for the years 2006, 2007 and 2008 Association agrees to conduct its <br /> tent sales within the City of Decatur and specifically at Progress City provided an <br /> agreement can be reached with Richland Community College for the conduct of said <br /> tent sales or at such other location as the parties hereto can mutually agree. <br /> 4. In return for the conduct of said tent sales City agrees to pay to Associa- <br /> tion for the year 2006 the sum of Thirty Thousand Dollars ($30,000.00) towards the ad- <br /> vertising budget of Association payable in two (2) equal installments of Fifteen Thou- <br /> sand Dollars ($15,000.00) thirty (30) days prior to the two events to be held in 2006. <br /> The target amount of sales tax receipts for 2006 shall be $30,000. If the target amount <br /> of sales tax receipts for 2006 is not reached or exceeded in 2006, City shall reduce the <br /> 1 <br />
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