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. , ,� . <br /> . ` <br /> r <br /> RESOLUTION NO. R 98-101 <br /> RESOLUTION AUTHORIZING AGREEMENT <br /> -NEAR NORTH REDEVELOPMENT PROJECT - <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City Manager be, and he is hereby, authorized and directed to <br /> negotiate an agreement with Ocwen Financial Corporation as the sole developer for the <br /> development of those properties generally located in the area bounded by North Water Street, <br /> East Grand Avenue, North Martin Luther King Jr. Drive and Wabash Avenue, commonly known <br /> as the Near North Redevelopment Project area, and that said officer then refer said agreement to <br /> the Council for review and approval. <br /> Section 2. That in negotiating said development agreement, the City Manager shall direct <br /> Ocwen Financial Corporation to give due consideration to all residents and other stakeholders <br /> within the Project area, including the possible inclusion in said agreement of others with the <br /> demonstrated financial capability and / or development and construction expertise to provide <br /> assistance to Ocwen Financial Corporation and further the goals and objectives of the Project. <br /> PRESENTED AND ADOPTED this 17th day of August, 1998. <br /> Y M. H EY <br /> MAY <br /> ATTEST: <br /> �C�-����C� �,c;�,�.lj <br /> CITY CLERK <br />