75-1216 Ryerson Avenue AGREEMENT
WITNESSETH
WHEREAS, City of Elgin is the owner of a certain public street
commonly known as Ryerson Avenue which has been closed to through traffic
at Walnut Avenue; and
WHEREAS, Robert C. Juby is the owner and operator of a
pharmacy located on the corner of Ryerson Avenue and Walnut Avenue; and
WHEREAS, other commercial establishments are also located in the
vicinity of Ryerson and Walnut Avenues; and j
WHEREAS, said commercial establishments are in need of parking
facilities for customers; and
WHEREAS, it is in the best interest of the City of Elgin to
provide parking facilities at such location upon the terms and conditions
hereinafter set forth.
NOW, THEREFORE, for and in consideration of the mutual covenants
contained herein, the City of Elgin, hereinafter referred to as "City" and
Robert C. Juby, hereinafter referred to as "Juby" agree as follows:
1. That the City of Elgin shall cause a parking lot to be con-
structed on the west side of Ryerson Avenue south of Walnut Avenue in
accordance with the plan prepared by the Department of Public Works,
Engineering Division, of the City of Elgin, dated October 31, 1975, a copy of
which is attached hereto and made a part hereof by reference.
2. That the estimated cost of said improvement is $7,707.96, of
which Juby shall pay the sum till $4,827.96 within thirty (30) days of comple /' OPP
tion of the improvement. ,
Is Lass T14140
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3. That in the event that the cost of the improvement . ds thg
sum of $7,707.96, Juby shall pay to the City of Elgin sixty (60) percent of
the actual cost of said improvement within thirty (30) days after completion
of the improvement.
4. That the improvement described herein shall be constructed as
soon as practicable.
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IN WITNESS WHEREOF the parties have affixed their signatures and
seals this 16 day of December , 1975.
1tobe t C. Ju.y
CI % OF ELGIN
BY . 1VN)
i :• - . ie son, City '". -ger
Attest:
Marie ea , ity Clerk
•
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