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R2015-139 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT Firstech, Inc.
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R2015-139 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT Firstech, Inc.
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12/24/2015 8:41:03 AM
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12/24/2015 8:41:00 AM
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Resolution/Ordinance
Res Ord Num
R2015-139
Res Ord Title
RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT FIRSTECH, INC.
Approved Date
12/21/2015
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Decatur, IL 62523 <br /> the Redeveloper: <br /> FirstTech, Inc. Busey Bank <br /> Attn: Howard Mooney Attn: Sheri Boberg <br /> 130 N. Water St. 201 W. Main St. <br /> Decatur, IL 62523 Urbana,IL 61801 <br /> or to the last known address of either party or to the address provided by any assignee <br /> if such address has been given in writing. In the event said notice is mailed, the date <br /> of service of such notice shall be deemed to be two (2) business days after the date of <br /> delivery of said notice to the United States Post Office. <br /> 15.6 Severability. If any provision of this Agreement is held to be invalid, the remainder <br /> of this Agreement shall not be affected thereby. <br /> 15.7 Memorandum of Agreement. At either party's request,the parties shall execute and <br /> record a Memorandum of Agreement with respect to the Project and the Project Site ' <br /> in the form attached as EXHIBIT 5. ; <br /> 15.8 Further Assistance and Corrective Instruments. The City and the Redeveloper <br /> agree that they will, from time to time, execute, acknowledge and deliver, ar cause to <br /> be executed, acknowledged and delivered, such supplements hereto and such further <br /> instruments as may reasonably be required by the parties hereto for carrying out the <br /> intention of or facilitating the performance of this Agreement. <br /> 15.9 Amendment. This Agreement, and any exhibits attached hereto, may be amended <br /> only by the mutual consent of the parties evidenced by a written amendment, by the <br /> adoption of an ordinance or resolution of the City approving said written amendment, <br /> as provided by law, and by the execution of said written amendment by the parties or <br /> their successors in interest. <br /> 15.10 Waiver. Any party to this Agreement may elect to waive any remedy it may enjoy <br /> hereunder, provided that no such waiver shall be deemed to exist unless the party <br /> waiving such right or remedy does so in writing. No such waiver shall obligate such <br /> party to waive any rights or remedy hereunder, or shall be deemed to constitute a <br /> waiver of other rights and remedies provided said party pursuant to this Agreement. <br /> 15.11 Illinois Law. This Agreement shall be construed in accordance with the laws of the <br /> State of Illinois. <br /> 15.12 No Joint Venture, Agency, or Partnership Created. Neither anything in this <br /> Agreement nor any acts of the parties to this Agreement shall be construed by the <br /> parties or any third person to create the relationship of the partnership, agency, or <br /> joint venture between or among such parties. <br /> CITY OF DECATUR/FirsTech Red.Agreement 19 <br />
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