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r � � <br /> 1 . <br /> Surplus <br /> Year s Declarations(%) <br /> 1-15 25 <br /> 16 75 <br /> 17 80 <br /> 18 85 <br /> 19 90 <br /> 20 95 <br /> 21 and thereafter* 100* <br />� <br /> *In addition,the City will undertake the termination proceedings under Section 1 above. <br /> Section 3. Taxing District Representation. With the City's covenants ' <br /> and agreements in Section 1. and 2. above, the Taxing District hereby represents that the ' <br /> establishment of the Redevelopment Project Area and the approval and giving effect to the <br /> Redevelopment Plan and Redevelopment Project is in the best interests of the development and <br /> redevelopment of the Redevelopment Project Area and the City and the Taxing District. ', <br /> Section 4. Joint Review Board. As a part of the applicable joint review � <br /> proceedings in each year, the City will specifically report on and account for the status of this <br /> Agreement in connection with the $10,400,000 cap amount under Section 1 and the surplus <br /> declaration under Section 2. ' <br /> This Agreement is made by and between the City and the Taxing District as of the <br /> date of full execution. <br /> CITY OF DECATUR,ILLINOIS (the"City") Decatur Park District � <br /> (the "L�istrict") <br /> .._._— <br /> By: By: <br /> Clty ge William L. Clevenger <br /> Executive Director <br /> Date: � /v� � , 2003 Date: October 1 , 2003 <br /> ATTEST: � <br /> .�'��'�- ;'1.���; <br /> CITY CLERK <br /> -2- <br />