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NOW, THEREFORE, in consideration of the mutual promises and obligations in this <br />Agreement, the adequacy of which is hereby acknowledged, the Parties agree as follows: <br />I. PURPOSE <br />Coveleski is a public facility located in South Bend, Indiana and benefiting the citizens of <br />South Bend and Parks Board determines that it is necessary and in the public's best interests to <br />rehabilitate Coveleski to provide for the safety and convenience of persons attending Coveleski. <br />The Project is generally depicted at Exhibit "A" attached hereto and incorporated herein. <br />BPW has considerable experience in contracting for and administering similar public <br />works construction projects. The parties wish to utilize the expertise and experience of BPW in <br />letting and overseeing any such contracts reasonably necessary to carry out and accomplish the <br />Project. <br />Commission has resources which can be used for funding the Project. The parties wish to <br />use the Commission resources to fund the Project. <br />II. PROJECT FUNDS AND DUTIES <br />a. Budget. <br />This agreement relates only to the final phase of this project. "Coveleski Stadium <br />Improvements - Phase 2 ", also described as Engineering Project No. 110 -087, will provide for a <br />completed stadium campus. The Phase 2 project budget is $9,575,445.00 of which <br />$1,989,445.00 is SBCDA TIF and SBCDA 2003 Bond ( "Project Funds "). Additional funding <br />will be provided from other sources as disclosed in Exhibit "A ". <br />b. Duties of Parks. <br />Parks hereby agrees as follows: <br />i. Parks shall make available and provide free access to Coveleski to Public <br />Works and Redevelopment and to each of their agents and designated <br />contractors. <br />ii. Parks shall review for approval all proposed improvements to Coveleski <br />before Public Works begins the contract bidding process. <br />C. Duties of Public Works. <br />Public Works hereby agrees as follows: <br />i. Subject to the Project Funds identified for the Project, Public Works shall <br />enter into each contract for the project and make decisions necessary to <br />complete the Project. <br />