R96-88 AUTHORIZING DEVELOPMENT AGREEMENT

Home Browse Search

. �r , � public utility easements are dedicated to the City as depicted on the Exhibit A Site Plan which is attached hereto. The dedication shall occur after the construction of the buildings have been completed in each phase. The parties hereto shall install, at their own respective expense as provided in the Exhibit A Site Plan, new curb, gutter, and sidewalks along Wood Street, Oakland Avenue, and Decatur Street as construction is completed. First Site shall cap and liquid fill with flowable mortar the old Eisner Store sewer line. 4. The parking depicted on the planned unit development provided along Oakland Avenue shall be considered private parking of First Site, pursuant to a lease with the City, may be posted and regulated by First Site, and First Site shall have the right to tow vehicles from that parking location in order to enforce the private regulations imposed by First Site. 5. The City agrees to reimburse First Site for the installation of the water mains and sanitary sewer mains according to the utility plat which is attached hereto and made a part hereof as Exhibit A. The reimbursement provided for herein shall be based on bids secured by First Site which must be approved by the City before work may commence. At its expense, the City shall remove from the premises the power line which presently goes overhead. 6. The City agrees that the property address of the planned unit development shall I be 1135 Wood Street, Decatur, Illinois. � 7. Building permits issued to First Site, or its affiliate or assign, shall have a life of 5 years regardless of any intervening change in the City's building code. During the life of a building permit, neither the City nor First Site may change the terms or requirements of a building permit. � 8. The storm water detention required for the project shall be provided in the parking ;j lot of the project according to the design of Phil Cochran, dated May 13, 1996. 2