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R2003-75 AUTHORIZING EXECUTION OF AGREEMENT
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R2003-75 AUTHORIZING EXECUTION OF AGREEMENT
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1/14/2016 8:38:58 AM
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Resolution/Ordinance
Res Ord Num
R2003-75
Res Ord Title
AUTHORIZING EXECUTION OF AGREEMENT - DEMIRCO PROPERTIES
Approved Date
6/2/2003
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or materials within established budget limitations, including contingencies; acts of God; unusually <br /> adverse weather or wet soil conditions; adverse conditions affecting the Work on the Development <br /> Property; or other like causes beyond the parties' reasonable control, including but not limited to, any <br /> litigation, court order or judgment resulting from any litigation affecting the validity of the <br /> Redevelopment Plan, the Development Project, this Agreement;provided that such event of force majeure <br /> shall not authorize a delay hereunder of more than 60 days in any one calendar year without the approval <br /> of the Municipality, which approval shall not be unreasonably withheld or delayed, and any days unused <br /> in one calendar year shall not be carried over to increase the number of days of permitted delay in any <br /> subsequent calendar year. A party seeking to extend the time for performance of obligations pursuant to <br /> this Section shall notify the other party within ten(10) days of the event of delay caused by force majeure. <br /> 5.4 Notices. Any notice, demand, or other communication required by this Agreement to be <br /> given by either party hereto to the other shall be in writing and shall be sufficiently given or delivered if <br /> dispatched by certified United States first class mail, postage prepaid; sent by facsimile with confirmation <br /> of transmittal; or delivered personally, <br /> (i) In the case of the Developer, to: <br /> DemirCo Group Tel: (217)421-7580 <br /> 225 North Water St., Suite 300 Fax: (217) 475-2894 <br /> Decatur, IL 62523 <br /> Attn: Kara Demirjian <br /> With a copy to: <br /> Charles Demirjian Tel: (312) 629-7305 <br /> DemirCo Group Fax: (312) 984-3193 <br /> C/O Barack& Ferrazzano <br /> 333 West Wacker Drive, Suite 2700 <br /> Chicago, IL 60606 <br /> (ii) In the case of the Municipality, to: <br /> The City of Decatur Tel: (217) 424-2708 <br /> 1 Gary K. Anderson Plaza Fax: (217) 424-2732 <br /> Decatur, Illinois 62523 <br /> Attn: City Manager <br /> With a copy to: <br /> Corporation Counsel Tel : (217)424-2807 <br /> 1 Gary K. Anderson Plaza Fax: (217) 424-2732 <br /> Decatur, Illinois 62523 <br /> Attn: John W. Couter, Esq. <br /> or to such other address with respect to either party as that party may, from time to time, designate in <br /> writing and forward to the other as provided in this Section. Such notice shall be considered served on <br /> 14 <br />
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