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s~ ~ C ~~ <br />~a ~ ~ ~.~ <br />c ~y j - ~ <br />f' a ~ ;~ , <br />~~~ ~ <br />~ ~ `~ } <br />~ ~~. ~ ~:~~~~"~ KITSON & PARTNERS CLUB SERVICES <br />BLACKTHORN GOLF COURSE <br />OPERATIONS MANAGEMENT AGREEMENT <br />THIS AGREEMENT entered into this 1st day of January, 2010 (the <br />"Commencement Date"), by and between the South Bend Redevelopment Commission, <br />governing body of the City of South Bend Department of Redevelopment, organized and <br />operating pursuant to IC 36-7-14, with offices at 1200 County-City Building, South Bend, <br />Indiana 46601 (Owner) and Kitson & Partners Club Services, LLC, a limited liability <br />company organized and operating pursuant to the laws of the State of Delaware, with <br />offices at 4500 PGA Boulevard, Palm Beach Gardens, Florida 33418 (Manager): <br />WITNESSETH: <br />WHEREAS, Owner owns a 19-hole public play golf course, golf practice center, <br />clubhouse, maintenance building, parking lot and other related facilities, known as the <br />Blackthorn Golf Course; and <br />WHEREAS, Manager is engaged in the business of developing, marketing, <br />maintaining and managing public golf facilities; and <br />WHEREAS, Owner desires to retain the services of Manager to manage and <br />operate the Blackthorn Golf Course and all related facilities and has hereby engaged the <br />services of Manager to manage and operate the Blackthorn Golf Course and all related <br />facilities; and <br />WHEREAS, Owner and Manager desire to memorialize the terms and conditions <br />of their agreement. <br />NOW, THEREFORE, for good and valuable consideration, including the mutual <br />covenants and agreements herein contained and to be performed by Owner and Manager, <br />the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as <br />follows: <br />SF.C'TT(~N 1 <br />DEFINITIONS <br />1.1 "Annual Plan and Budget" shall mean the annual business plan and <br />operating budget of the Golf Course proposed by Manager and approved by Owner with <br />the consent of the Joint Committee, which shall include goals, objectives, estimated <br />revenues, operating expenses and capital expenditures for the ensuing fiscal year. <br />-1- <br />