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LAW OFFICES <br /> WINTERS, FEATHERSTUN, GAUMER, KENNEY, POSTLEWAIT, STOCKS & FLYNN <br /> 225 NORTH WATER STREET, SUITE 200 <br /> DECATUR, ILLINOIS 62523 <br /> ROBERT D.W�NTERS MAILINGADDRESS ROBERT P.VAIL <br /> GLEN A. FEATHERSTUN P.O. BOX 1760 (i877-i96a) <br /> DANIEL L.GAUMER DECATUR, ILLINOIS 6 25 25-176 0 WALKER H. MILLS <br /> FREDERIC L. KENNEY <br /> R.SAMUEL POSTLEWAIT 2�7-429'4453 (i893-i962) <br /> JERROLD H. STOCKS <br /> FAX 217-425-8892 THOS H.ARMSTRONG <br /> EDWARD F. FLYNN E-MAIL wfgkps�fgi.net (IBe7-i98Q <br /> - ROSWELL C. PRINCE <br /> JOSEPH N.VAN VOOREN ��g�g_�ggq� <br /> JENNIFER CASTELLI July 13� ZOOO <br /> A. J. Krieger <br /> Economic Development Director <br /> City of Decatur <br /> 1 Gary Anderson Plaza <br /> Decatur, IL 62523 <br /> Re : Fairview Plaza/134 E . Main Street, Decatur, IL <br /> Dear A. J. . <br /> As you know, I am the legal counsel for Real Estate <br /> Investors of Decatur, LLC. (REID) REID has recently con- <br /> tracted to purchase Fairview Shopping Center and they <br /> have completed the purchase and closing on 134 E . Main <br /> Street, formerly the Illinois Power powntown Center . <br /> Further, as you know, we have repeatedly requested <br /> that Fairview Shopping Center remain in the tax increment <br /> financing district and likewise we have requested a de- <br /> veloper' s agreement in order to revamp the Fairview Shop- <br /> ping Center . The shopping center has become vacant, run <br /> down, and is in dire need of repairs, marketing and rede- <br /> velopment . It is our belief that with the assistance of <br /> a developer' s agreement with the City of Decatur my cli- <br /> ents can accomplish these goals . <br /> In exchange for removing the Fairview Shopping Center <br /> and related territory from the tax increment, we would <br /> agree to enter into the proposed developer' s agreement <br /> for Fairview Plaza . <br /> I also wish to advise you that we will probably take <br /> title to Fairview Plaza in a separate entity and there- <br /> fore, we will assign all contract rights in a developer' s <br /> agreement to the purchasing entity. <br />