R98-19 AUTHORIZING ANNEXATION AGREEMENT

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,. � , � f`t! � ,.�..,, � '"'� � �� r'��a� � �_ ;? . • (b) Prior to annexation, if the Owner is required to pay real property taxes to any fire protection district, such payments shall be deducted from the payment in lieu of taxes otherwise required hereby. 10. The provisions of this agreement shall supersede the provisions of any ordinance, code or regulation of the City which may be in conflict with the provisions of this agreement, but Owner shall comply with all other applicable ordinances, codes and regulations as if the Premises were located in the City, pursuant to 65 ILCS 5/11-15.1-2.1(a), including but not limited to payment of the City's hotel-motel tax. 11. This Agreement shall be binding on the heirs, successors and assigns of the parties hereto, as provided at 65 ILCS 5/11-15.1-4, and shall run with the land, subject to the terms of paragraph 16 below. 12. Janko shall indemnify and hold harmless the City and its Council members, officers, agents and employees, in their official and individual capacities, from any and all claims, demands, costs or causes of action resulting from or arising out of the City's compliance with the terms hereof. 13. If any provision of this agreement is held invalid, the remainder hereof shall not be affected thereby. 14. Time is of the essence of this agreement. 15. This Agreement is related to two (2) other agreements: (1) an agreement between the City and Bob Brady ("Brady") regarding the relocation of certain Brady automobile dealerships, as described in paragraph 6(a)hereof, and (2) an agreement between Janko and Brady for the purchase of a portion of the Premises. The parties hereto agree that this Agreement is binding only when said other agreements have been executed and are fully effective and binding on the parties thereto, and said agreements are hereby made conditions precedent to this Agreement.