R2005-65 AUTHORIZING EXECUTION OF AGREEMENT

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� � . (I) Premises is approximately 80% of the area of a parcel identified by the Macon County Supervisor of Assessments Office as ID #18-08-33-400- 010. Izaak Walton shall annual pay the City 80% of the real estate tax bill due for this parcel, withi� 30 days written notice by the City, beginning with the 2003 tax bill, upon execution of this agreement. 2. TERM RENEWAL: The term of this agreement shall be for five years from the date hereof though Izaak Walton may request to extend said five year term for additional five year periods upon filing a written request for each additional five year extensions with City no later than 90 days prior to the expiration or each five year period provided Izaak Walton submits to City with each extension request a list of its current officers anc� their addresses and also furnishes at such time a report of its financial condition setting forth the sources of all of its income and expenditures. Notwithstanding the above, it is agreed that the City may terminate this agreement or any extension thereof of any time hereafter by service of a 15 day written notice of such intention to so terminate, such notice to be served by certified mail and addressed to the then secretary of Izaak Walton at their last current address as listed by Izaak Walton. Service of such notice shall be presumed to have been inade on the date said certified notice is post marked. 3. REMOVAL OF IMPROVEMENTS, ETC.: All improvements, alterations or repairs made by Izaak Walton on or to said premises shall remain on said premises upon the termination of this agreement as herein set forth unless City elects in writing to have same or part of same removed there-from in which event Izaak Walton agrees to remove those that are specified by City in any such election within 15 days following the date of termination of this agreement as herein above determined. 4. ASSIGNMENT: Izaak Walton agrees that this agreement may not be assigned or otherwise transferred by it to any other person or entity. 5. PRIOR AGREEMENT: This agreement supersedes, takes precedence over and nullifies all prior agreements between the two parties whether written, oral or implied and constitutes the full and complete agreements between the parties hereto. 6. NOTICES: Written correspondence between Izaak Walton and the City regarding this Agreement shall be mailed to: President, Izaak Walton League, Decatur, IL Chapter, 606 N. Carolina Ave., Decatur, IL 62522 and Director of Water Management, City of Decatur, #1 Gary Anderson Plaza, Decatur, IL, 62523. � 3 __ _