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81-57 AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST AMENDATORY LOAN AGREEMENT BETWEEN TOXIGENICS, INC. AND THE CITY OF DECATUR, ILLINOIS
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81-57 AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST AMENDATORY LOAN AGREEMENT BETWEEN TOXIGENICS, INC. AND THE CITY OF DECATUR, ILLINOIS
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9/16/2016 9:55:57 AM
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Resolution/Ordinance
Res Ord Num
81-57
Res Ord Title
AUTHORIZING THE EXECUTION AND DELIVERY OF A FIRST AMENDATORY LOAN AGREEMENT BETWEEN TOXIGENICS, INC. AND THE CITY OF DECATUR, ILLINOIS
Approved Date
7/13/1981
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EXHIBIT A <br /> DESCRIPTION OF THE PROJECT <br /> Assets purchased pursuant to Asset Purchase Agreement <br /> dated January 20, 1979 among the Company, the Guarantor and <br /> Industrial Bio-Test Laboratories , Incorporated. <br /> Approximately thirty acres of land and seven (7) build- <br /> ings containing approximately 116,000 square feet located at <br /> 1800 E. Pershing Road in Decatur, Illinois , together with sub- <br /> stantially all of the machinery, equipment, tooling, furniture, <br /> office equipment, animal cages , laboratory test equipment and <br /> other similar assets owned by Industrial Bio-Test Laboratories , <br /> Incorporated and located on such real property. <br /> New construction and/or modif ication to purchased <br /> buildings to provide administrative offices, update and modernize <br /> laboratory facilities to meet government regulations and state of <br /> the art industry advancements and to provide space for laboratory <br /> support functions . <br /> The acquisition of additional scientific and laboratory <br /> capital equipment necessary to conduct an ongoing business <br /> including but not limited to the purchase and installation of a <br /> Digital Equipment Corporation Main Frame Central Processing Unit <br /> and additional related equipment. <br />
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