R99-30 AUTHORIZING ANNEXATION AGREEMENT

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WHEREAS, Owner desires to annex said Premises to the City, but only upon certain terms and conditions; and, WHEREAS, the City agrees that said terms and conditions, as contained herein, are reasonable and acceptable; and, WHEREAS, hearings have been held and notice given as required by law. NOW, THEREFORE, for and in consideration of the mutual promises and obligations made and assumed herein, and pursuant to authority of 65 ILCS 5/11-15.1-1 et seq., the City and Owner agree as follows: 1. The Owner shall file an annexation petition with the City, in compliance with 65 ILCS 5/7-1-8, said petition to describe the Premises and to request that the same be annexed to and included within the corporate limits of the City. 2. The City hereby waives any requirement otherwise applicable that Owner pays to the City any fee for filing the petition referred to in paragraph 1 hereof. 3. Upon receipt of said annexation petition, the City shall annex the territory described therein to the City as provided by law. 4. That upon annexation, the City, by ordinance, shall classify and place the Premises in the M-1 Light Industrial District, as per the provisions of City of Decatur Ordinance No. 3512, as amended (the "Zoning Ordinance"). 5. That upon annexation, and subject to the approval of the State of Illinois Department of Commerce and Community Affairs, the City, by ordinance, shall alter the boundaries of the City's Enterprise Zone so as to include the Premises therein, as per the provisions of 20 ILCS 655/1 et seq.