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R99-66 AUTHORIZING EXECUTION OF AGREEMENT
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R99-66 AUTHORIZING EXECUTION OF AGREEMENT
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Last modified
4/8/2016 3:06:19 PM
Creation date
4/8/2016 3:06:18 PM
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Resolution/Ordinance
Res Ord Num
R99-66
Res Ord Title
AUTHORIZING EXECUTION OF AGREEMENT - BLACKSTONE GROUP
Approved Date
4/26/1999
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AGREEMENT <br /> This Agreement is made by and between the City of Decatur, Illinois ("City"), a <br /> municipal corporation, and Blackstone Group, ('Blackstone"), an Illinois general partnership. <br /> Whereas, Blackstone is the contract purchaser of the premises located in the City of <br /> Decatur and described as set forth on Exhibit A attached hereto ("Premises"), and wishes to <br /> develop the same by constructing thereon certain retail facilities, as specifically named herein; <br /> and, <br /> Whereas, the City will require certain drainage and other site improvements to the <br /> Premises prior to said construction, and certain design specifications for the buildings located <br /> thereon, which improvements are necessary for the public health, safety and welfare, and which <br /> specifications are desirable as an aesthetic improvement to the area, and which improvements <br /> and specifications will be unusually difficult and expensive due to the location and topography of <br /> the Premises and due to the type of improvements required, and the City is willing to assist <br /> Blackstone in the construction of said site and building improvements. <br /> Now, therefore, for and in consideration of the provisions set out herein, the City and <br /> Blackstone agree as follows: <br /> 1. Blackstone shall develop the Premises in accordance with Exhibit A to Ordinance No. <br /> 99-52 <br /> , which ordinance placed the Premises in a B-3 Planned Shopping Center District, <br /> provided that all necessary permits are obtained from the City's Departments of Public Works <br /> and Community Development prior to any construction. <br />
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