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92-179 612_J7q RESOLUTION AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT WITH CENTER CITY JOINT VENTURE ( 156-158 Division Street) BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that Larry L. Rice, City Manager, be and is hereby authorized and directed to execute a Development Agreement on behalf of the City of Elgin with Center City Joint Venture for the redevelopment of the property commonly known as 156-158 Division Street, a copy of which is attached hereto and made a part hereof by reference. s/ George VanDeVoorde George VanDeVoorde, Mayor Presented: July 8, 1992 Adopted: July 8, 1992 Vote: Yeas 7 Nays 0 Recorded: Attest: r s/ Dolonna Mecum Dolonna Mecum, City Clerk