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R2003-112 AUTHORIZING AMENDMENT TO AGREEMENT
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R2003-112 AUTHORIZING AMENDMENT TO AGREEMENT
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Last modified
1/13/2016 9:29:11 AM
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1/13/2016 9:29:11 AM
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Resolution/Ordinance
Res Ord Num
R2003-112
Res Ord Title
AUTHORIZING AMENDMENT TO AGREEMENT WITH BLACKSTONE GROUP - MOUND CENTER
Approved Date
8/4/2003
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5138 <br /> 7/29/03 <br /> AMENDMENT TO <br /> DEVELOPMENT AGREEMENT <br /> This endment to Development Agreement ("Amendment") is made and <br /> /` , <br /> entered into this G day of�: � 2003 by and between the CITY OF <br /> DECATUR, an Illinois municipal corporation("Owner"), and BLACKSTONE GROUP, an <br /> Illinois general partnership ("Developer"). <br /> Reference is ma.de to the following: <br /> A. The Development Agreement dated Apri17, 2003 between Owner and <br /> Developer(the "Development Agreement")regarding certain real estate in Macon County, <br /> Illinois, which is more particularly described in Agreement; <br /> B. Owner and Developer's desire to amend certain of the terms and <br /> conditions as provided in this Amendment; <br /> C. Capitalized terms in this Amendment shall ha.ve the meaning given in the <br /> Development Agreement unless otherwise provided for to the contrary in this Amendment. <br /> 1. Article 3 of the Development Agreement is amended by deleting <br /> subparagraph(a)(i) and(a)(u) which currently provide, respectively: <br /> "(i) asbestos abatement from the Mound School building;" <br /> and <br /> "(ri) demolition of the Mound School building;" <br />
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