Redevelopment and Economic Incentive Agreement Sample Contracts

REDEVELOPMENT AND ECONOMIC INCENTIVE AGREEMENT BY AND BETWEEN
Redevelopment and Economic Incentive Agreement • July 20th, 2022 • Illinois

(“Agreement”), is dated the 25th day of July, 2022 (“Effective Date”), and is by and between the CITY OF MONTICELLO, an Illinois municipal corporation and with offices located at 210 N. Hamilton Street, Monticello, Illinois (“City”) and Ella Property Development, LLC, an Illinois corporation with an address at 3417 S. Persimmon Circle, Urbana Illinois (“Recipient”) (the City and Recipient are collectively referred to as “Parties” and sometimes individually as “Party”).

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FIRST AMENDMENT TO REDEVELOPMENT AND ECONOMIC INCENTIVE AGREEMENT BY AND
Redevelopment and Economic Incentive Agreement • June 16th, 2022

INCENTIVE AGREEMENT (“First Amendment”) is dated as of June 27, 2022, and is by and between the CITY OF MONTICELLO, an Illinois municipal corporation with offices located at 210 N. Hamilton Street, Monticello, Illinois (“City”), and PARAMDHAM INC DBA SUBWAY OF MONTICELLO, an Illinois corporation with offices located at 122 N. Charter Street, Monticello, Illinois (“Recipient”) (the City and Recipient are collectively referred to as “Parties” and sometimes individually as “Party”).

REDEVELOPMENT AND ECONOMIC INCENTIVE AGREEMENT BY AND BETWEEN
Redevelopment and Economic Incentive Agreement • January 3rd, 2023 • Illinois

(“Agreement”), is dated the 9th day of January, 2023 (“Effective Date”), and is by and between the CITY OF MONTICELLO, an Illinois municipal corporation and with offices located at 210

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