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R2003-170 AUTHORIZING WATER MAIN AGREEMENT
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R2003-170 AUTHORIZING WATER MAIN AGREEMENT
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1/6/2016 2:42:51 PM
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Resolution/Ordinance
Res Ord Num
R2003-170
Res Ord Title
AUTHORIZING WATER MAIN AGREEMENT NEAR NORTH REDEVELOPMENT / WABASH CROSSING EAST LAKE / DECATUR LLC
Approved Date
11/3/2003
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IProvision Chan e <br /> reason prior to Substantial Completion." <br /> 14.2 The agreed interest rate is 3%per annum in excess of the Prime Rate,as announced from time to <br /> time in The Wall Street Journal, such rate to change each time such announced rate changes. <br /> 14.3 Owner's Representative is James Bell. <br /> 14.4 Contractor's Representarive is Jnn McQueen <br /> 14.6 The following are hereby inserted: <br /> "14.6 All notices or other communications hereunder to either pariy shall be (i) in <br /> wriring and if mailed,shall be deemed to have been given on the earlier of actual receipt <br /> by the intended recipient or on the second business day after the date when deposited in <br /> the United States mail by registered or certified mail, postage prepaid, addressed as <br /> hereinafter,and(ii)addressed: <br /> If to Owner: East Lake/Decatur,LLC <br /> c/o East Lake Management&Development <br /> Corp. <br /> 2850 South Michigan Avenue <br /> Chicago,IL 60616 <br /> Attn: Eileen Rhodes,Director of <br /> Development <br /> With a copy to: Katten Muchin Zavis Rosenman <br /> 525 W.Monroe Street <br /> Chicago,Illinois 60661-3693 <br /> Attenrion:Howard M.Richard,Esq. <br /> If to Contractor: Entler Excavating Co.,Inc. <br /> 819 N. Sunnyside Rd. <br /> Decatur, IL 62522 <br /> or to either party at such other address as such party may designate, in a norice to the <br /> other party,as its address for receipt of notices hereunder." <br /> 14.7 Contractor may not assign this Agreement without Owner's prior written consent. <br /> Owner reserves the right to assign its interests in the Con�act Documents. <br /> 14.8 Contractor hereby aclaiowledges that Owner is constructing the Project pursuant <br /> to a Development Agreement with the Decatur Housing Authority("DHA")acting in i <br /> accordance with an Annual Contributions Contract("ACC")with the Secretary of <br /> Housing and Urban Development("HUD"), a Mixed Finance Proposal to HLJD and a <br /> Mixed Finance Amendment to the ACC. As required by the terxns of such <br /> Development Agreement,the Contractor makes the acknowledgments,certifications <br /> and assurances which are set forth in Exhibit D annexed hereto. In addirion,Contractor <br /> agrees to require each Subcontractor to make the same acknowledgments,certifications <br /> and assurances and to insert the provisions thereof in each subcontract. <br /> 8 <br /> Doc#:CHI01 (239130-00107)50130735v3;08/12/2003/Time:10:48 <br />
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