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, '. <br /> ORDINANCE NO. � � �� ��� M, <br /> CROFILI�ED <br /> ORDINANCE WAIVING LAND USE RESTRICTIONS <br /> - 370 SOUTH MAIN STREET - <br /> WHEREAS, by contract dated September 11, 1964, the City of <br /> Decatur ("City") agreed to sell to Montgomery Ward Realty <br /> Corporation ( "Ward' s") that certain parcel of real property <br /> commonly known as 370 South Main Street, said contract being <br /> recorded in Book 1504 Page 384 of the records in the Recorder' s <br /> Office of Macon County; and, <br /> WHEREAS, said contract, at paragraph 5 (a) (i) thereof, did <br /> restrict the use of said property by Ward' s, and its successors <br /> and assigns, to commercial uses as defined in the Urban Renewal <br /> Plan adopted by the Council by Resolution No. R180 and recorded <br /> at Book 1477 Page 19 of the records in the Recorder' s Office of <br /> Macon County, Illinois; and, . <br /> WHEREAS, said contract further provides that said land use <br /> restriction is to remain in effect until January 1, 1989 and <br /> automatically thereafter for periods of five years each unless <br /> specifically changed by the Council of the City of Decatur; and, <br /> WHEREAS, Ward' s did obtain title to said property from the <br /> City and has subsequently conveyed the same to the Illinois Power <br /> Company ("Illinois Power") ; and, <br /> WHEREAS, Illinois Power wishes to hold said property free <br /> and clear of the restriction referred to herein; and, <br /> WHEREAS, the City feels that the public health, safety and <br /> welfare is adequately served by the restrictions placed upon said <br /> property by the Zoning Ordinance and that no further public <br /> benefit is to be derived from the continuation of the contractual <br /> restriction referred to herein. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS : <br /> Section 1 . That effective January 1 , 1989 , the restriction <br /> as to land use contained in paragraph 5 (a) (i) of the contract <br /> hereinabove referred to between the City of Decatur and ! <br /> Montgomery Ward Realty Company, and its successors and assigns, <br /> be, and the same is hereby, waived and surrended, and the City of <br />