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ANNEXATION AGREEMENT <br /> THIS ANNEXATION AGREEMENT made by and between the CITY OF <br /> �LC. <br /> DECATUR, ILLINOIS, a municipal corporation ("City"), PHEASANT RUN.,..Ii�., an <br /> Illinois limited liability corporation ("Pheasant Run"), and DON WESTERMAN, INC., <br /> a Delaware corporation ("Westerman"). <br /> WHEREAS, Westerman is the owner of the following described premises: <br /> The West 660 feet of the West Half(W 1/2) of the Southeast Quarter (SE <br /> 1/4) of Section 26, Township 17 North, Range Two East of the Third <br /> Principal Meridian lying North of the tract described in the document <br /> recorded in Book 1481 page 425 (Stevenson School) of the records in the <br /> Recorder's Office of Macon County, Illinois ("Premises"), <br /> which Premises are located outside of the corporate limits of the City and aze contiguous <br /> thereto; and <br /> WHEREAS, Westerman desires to annex said Premises to the City, but only upon <br /> certain terms and conditions; and <br /> WHEREAS, Pheasant Run desires to construct a multiple family housing <br /> development on the Premises (the housing development and the Premises are collectively <br /> referred to as the "Project") upon certain terms and conditions; and <br /> WHEREAS, the City agrees that the terms and conditions, as contained herein, <br /> are reasonable and acceptable; and <br /> WHEREAS, hearings have been held and notice given as required by law. <br />