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R-10-13VILLAGE OF DEERFIELD LAKE AND COOK COUNTIES, ILLINOIS RESOLUTION NO. R -10 -13 A RESOLUTION TERMINATING A SIGN LOCATION LEASE WITH ZEBRA OUTDOOR, INC. WHEREAS, the Village of Deerfield entered into a certain Sign Location Lease with Zebra Outdoor, Inc. (the "Lessee "), dated January 7, 2008 (the "Lease "); and, WHEREAS, Lessee has failed to submit a complete building permit application for installation of the advertising structures on the leasehold premises as required under the Lease; and, WHEREAS, the Village served a written notice of default on Zebra Outdoor, Inc. on July 1, 2010 in accordance with Section 23 of the Lease; and, and, WHEREAS, Zebra Outdoor, Inc. has failed to cure said default under the terms of the Lease; WHEREAS, the corporate authorities of the Village of Deerfield have determined that the Lease should be terminated; NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, in the exercise of its home rule powers, as follows: SECTION 1: The Village Manager of the Village of Deerfield is hereby authorized and directed to send a written notice to Zebra Outdoor, Inc. terminating the Lease in accordance with Section 23(b) of the Lease. SECTION 2: The Sign Location Lease dated January 7, 2008 between the Village of Deerfield and Zebra Outdoor, Inc. shall terminate as of the date of said written notice of termination. SECTION 3: This Resolution shall be in full force and effect from and after its passage and approval as provided by law. PASSED this 19th day of July , 2010. AYES: Benton, Farkas, Jester, Oppenheim, Seiden (5) NAYS: None (0) ABSENT: Struthers (1) ABSTAIN: None (0) APPROVED this 19th day of July , 2010. ATTEST: j ill6ge Cler IPM Village Pre ident