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ANNEXATIpN AGREEMENT <br /> This Annexation Agreement mad� by and between the City of <br /> Decatur, I1linois , a municipal corporation (City) and Wayne <br /> Phillips , �ina Latham and The First Natianal Bank of becatur as <br /> Trustee, (Owners ) . <br /> WHEREAS, Owners are �he owners of the fallowing described <br /> pr��mises : <br /> The East Half of the Southwegt Quarter of the <br /> • ua ter of Section 29 , Tawnshi.p 16 <br /> Northwest Q r <br />' North, Range 3 East of the 3rd Principal <br /> Meridian in Macon County, Illinois . <br /> which premises are outside of the corporate limits of the City <br /> but: contiguous thereto and <br /> WHEREAS, Owners desire to annex a portion of said <br /> Pr�:mises to the City, but only upon certain terms and conditions; <br /> anc�, <br /> WHEREAS, the City agrees tha� said terms and conditions, <br /> as contained herein, are reasonable and acc�ptable; and, <br /> WHEREAS, hearings have been held and notice given as <br /> re�ui.red by law. <br /> NOw, THEREk'ORE, for an in considera�ion of the mutual <br /> promises and obligations made and assumed herein, and pursuant to <br /> the aui:hority of I11 . Rev. Stat. 1991., ch. 24 , para. 11-15 .1--1 et <br /> �eq. , the City and Owners agree as tollows: <br /> 1 . The Owners shall �ause the Premises to be subc�ivided <br /> in accordance with Ordinance No. 80-56 of t�he City, as amended <br /> ( "the Subdivision Ordinance" ) , and said subdivision shall be into <br /> two lots (hereinafter, "Lot A" and "Lot S" } , as shown on the <br />