R2015-129 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT Pace Hospitality LLC

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Exhibit 3 Prepared By: Billy Tyus Assistant City Manager City of Decatur 1 Gary K. Anderson Plaza Decatur, IL 62523 After recording return to: Wendy Morthland Corporation Counsel City of Decatur 1 Gary K. Anderson Plaza Decatur, IL 62523 DECLARATION OF COVENANTS, USES AND RESTRICTIONS , an Illinois (the "Declarant"), is the owner of certain real property located in the City of Decatur,the County of Macon, the State of Illinois, more fully described in Exhibit A attached hereto and made a part hereof(the "Project Site"). The Declarant has entered into the City of Decatur/Pace Hospitality LLC Redevelopment Agreement(the "Agreement") dated as of , 2015, with the City of Decatur(the "City"). The Agreement provides that the Declarant shall develop a project as described in the Agreement(the "Project") on the Project Site. For the purpose of enhancing and protecting the value,the attractiveness and the desirability of the Project as developed pursuant to the terms of the Agreement; for the purpose of protecting the rights of the City pursuant to the terms of the Agreement,the Declarant hereby declares that all of the Project and Project Site and each part thereof shall be held, sold, and conveyed only subject to the following covenants, uses and restrictions, which shall constitute covenants running with the land and shall be binding on all parties having any rights,title or interest in said property or any part thereof, their heirs, successors and assigns, and shall inure to the benefit of each owner thereof. 1. The Project Site and the Project shall be subject to the Agreement. 2. The Declarant agrees that the Declarant shall not discriminate in violation of all applicable federal, state or local laws or regulations upon the basis of race, color,religion, sex, age,national origin or other applicable factors in the sale, lease or rental or in the use or occupancy of the Project Site or Project or any part thereof. 3. The Declarant covenants that it will pay all real estate taxes with respect to the Project Site or Project when due; and shall not apply for, seek, or authorize any exemption from the imposition of City of Decatur/PACE HOSPITALITY LLC 26