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R95-43 AUTHORIZING SITE PARTICIPATION AGREEMENT
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R95-43 AUTHORIZING SITE PARTICIPATION AGREEMENT
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7/11/2016 2:07:26 PM
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7/11/2016 2:07:23 PM
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Resolution/Ordinance
Res Ord Num
R95-43
Res Ord Title
AUTHORIZING SITE PARTICIPATION AGREEMENT
Approved Date
4/17/1995
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. � <br /> , � � � <br /> �° ` _ � � <br /> f • <br /> 1 <br /> 4 <br /> SITE PARTICZPATiON AGREEI�iIIYT <br /> De�tur, Illinois <br /> This SITE PARTICIPATION AGREEMENT ("Agreement°) is made and <br /> entered into effective March , 1995, by and among MUELLER CO. ("i�iueller"), <br /> BORG-WAR��IER AUTOMOTNE, ING ("Borg-Wame��, ZEXEL USA CARPORATION � <br /> ("Zexel"), and THE CTI'Y OF DECATUR, ILLINOIS (the "Cit�'). <br /> R�'CiTALS: <br /> A. Mueller owned c�rtain real property located in the City of Decatur, <br /> Illinois from at least 19'LO unt� the property was purchased by Borg-Warner Corporation, <br /> an indirect corporate predec�ssor of Borg-Warner in two transactions, one in 1950 and <br /> another in I953. Borg-Warner Corporation donated a portion of its property to the City <br /> in 1983 (the "City Property") and another portion of its property to the Decatur Sports <br /> Foundarion in 1984 (the "Sports Foundation Propert�'). The balartce of the properry was <br /> purchased by Z�xel (then known as Diesel Kila USA Co., Ltd.) in two transactions; one <br /> parcel was purchased from Borg-Warner's corporate predecessor in interest in 1987 and one <br /> parcel was purchased from Borg-Warner in 1988 (collectively referred to as the "Zexel <br /> Properiy"). <br />
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