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< < < � <br /> ANNEXATION AGREEMENT <br /> This Annexation Agreement ("Agreement") is made and entered into this <br /> day of , 2004, by and between TLR Land, LLC, an Illinois limited <br />' liability company ("Owner"), and the City of Decatur, Illinois, a municipal corporation <br /> ("City"). <br /> RECITALS <br /> A. TLR Land, LLC is the owner of record of that certain parcel of real <br /> property situated in Macon County, Illinois, which is more particularly described in <br /> Exhibit A attached hereto and made a part hereof (the Development Parcel), which <br /> parcel consists of approximately 14.55 acres and adjoins, abuts and is contiguous with <br /> corporate limits in the City. <br /> B. The Development Parcel has not been annexed to the municipality. <br /> C. The Development Parcel as described on Exhibit A hereto is sometimes <br /> referred to herein as the Sub�ect Property. <br /> D. The Subject Property constitutes territory which is contiguous to and may <br /> be annexed to the City, as provided under Article 7 of the Illinois Municipal Code, 65 <br /> ILCS 5/7-1-1 et seq. <br /> ' E. The Owner desires to have the Subject Property annexed to the City, <br /> upon the terms and conditions provided herein. <br /> F. The City Council of the City, after due and careful consideration, has <br /> concluded that the annexation of the Subject Property to the City would further the <br /> orderly growth of the City, enable the City to control the development of the Subject <br /> Property, and serve the best interests of the City. <br /> G. Any fire protection district, library district and other entity or person entitled <br /> to notice prior to annexation of the Subject Property to the City has been given notice <br /> ther-eof by the City, and said districts have not objected to the annexation proposed by <br /> this Agreement. <br /> H. All public hearings by any boards, commissions or other bodies required <br /> � by law prior to the adoption of any provision of this Agreement have been held. <br /> NOW, THEREFORE, in consideration of the premises and the mutual covenants <br /> and agreements herein contained, and in reliance on the ordinances of the City in effect <br /> as of the date hereof, the parties hereto hereby agree as follows: <br /> 1 <br />