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R97-89 AUTHORIZING A LEASE AGREEMENT
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R97-89 AUTHORIZING A LEASE AGREEMENT
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Last modified
4/18/2016 11:14:28 AM
Creation date
4/18/2016 11:14:27 AM
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Resolution/Ordinance
Res Ord Num
R97-89
Res Ord Title
AUTHORIZING A LEASE AGREEMENT WITH VULCAN MATERIALS COMPANY
Approved Date
6/30/1997
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' Lessor: <br /> City of Decatur <br /> One Gary K. Anderson Plaza <br /> Decatur, IL 62523 <br /> Attn: Director of Public Works <br />, Lessee: <br /> President <br />, Midwest Division <br /> Vulcan Materials Company <br />' 747 East 22nd Street, Suite 200 <br /> Lombard, IL 60148 <br /> with a copy to: <br /> Vice President-Law and Secretary <br /> Vulcan Materials Company <br /> Post Office Box 530187 <br /> Birmingham, AL 35253-0187 <br /> 15. Lessee, at any time, may purchase a leasehold title insurance policy insuring it <br /> against loss on account of defect, lien or encumbrance in title, guaranteeing the area and <br /> boundaries and showing good title to the Premises, including oil, gas, sand, gravel, clay, shale <br /> and all other mineral rights, to be vested in Lessor free and clear of all defects, liens and <br /> encumbrances, easements, restrictions, rights-of-way, roadways, encroachments or other matters <br /> of record or other grants which may affect the use of the Premises by Lessee. If requested to do <br /> so, Lessor shall cooperate with Lessee and assist Lessee in obtaining such title insurance policy. <br /> In this regard, Lessee shall be permitted, at its discretion, to prepare or cause to be prepared, a <br /> survey of the Premises. If any deficiency appears of record or through the survey and Lessor is <br /> unable to correct said deficiency in a manner satisfactory to Lessee within a period of thirty (30) <br />
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