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. <br /> ., , r 3 � <br /> I�oeb Trust "A" , and The First Natzonal Bank of Decatux, Decatur, <br /> 111inozs, Trustee �or J'ack Y. Loeb Trust "B" , are the owners of <br /> Parce� #1 , Parcel #2 and Parcel #3, hereinaft�r xe£�rred to as <br /> "Pr�mises" , and the Premises are outs�de of the corporate Iimits <br /> of the City but contiguous thex�eto; and <br /> WHEREAS, Owners desire to annex said Premise� to the <br /> Cit�y, but only upon certain terms and condit�.ons; and <br /> WHEREAS, the City agrees that said terms az�d conditions, <br /> as �;.ontained herein, ar� reasonable and a�ceptable; and <br /> i+VHEREAS, hearings have been held and noti�� given as <br /> req��.�ired by law; and <br /> W�i�REAS, �hroughout this agre�ment, the vaxious parcels <br /> of land wi11 be re�erred to by �heir parcel number withou� <br /> rep��ating the legal deserip�ions as above given; and <br /> WHER�AS, �xhibit B attaChed hereto shows Parc�ls #]., #� <br /> a�nr� #3 , tk�e Pr�mises which are being annexed ta the City o� <br /> bec��tur. <br /> N4W, THEREr�ORE, for and in consideration pf t�he mutual <br /> pror�ises and obligations mad� and assumed her�in, and pursuant to <br /> the authority of I11 . Rev. Stat. 1989, eh. 24 , para. 11-15 . 1-I et <br /> seq,. , the City and Owners agree as follows : <br /> �. . Owners shall file �n annexation petition with the <br /> CitS�, in compliance with I11 . Rev. Stat. I989, ch. 24, para. <br /> 7-1-•8 , said petition to describe the Prem�.ses and to request that <br /> the same be annexed to and inc7.uded within the corporate limit� <br /> of t:he City. <br />