No. 2585 transferring property to the board of public works for the purpose of transferring the property to a non-profit entity

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DEVELOPMENT AGREEMENT Between the City of South Bend Redevelopment Commission . and Saint Joseph Regional Medical Center, Inc. This Development Agreement ( "Agreement "), dated the 6`h day of June, 2008, is made and entered into between the SOUTH BEND REDEVELOPMENT COMMISSION (the "Commission ") and SAINT JOSEPH REGIONAL MEDICAL CENTER, INC. ( "SJRMC "), a nonprofit corporation organized and duly existing under the laws of Indiana (the South Bend Redevelopment Commission and SJRMC being sometimes referred to herein individually as a "Party" and collectively as the "Parties "). WHEREAS, the donation of the real property commonly known as 1010 Bendix Drive, South Bend, Indiana, and all improvements thereon (the "Property "), by its present owner, SJRMC, to the South Bend Redevelopment Commission is made for the sole purpose of renovating the structure wherein quality medical services will be offered to the residents of the West side through the joint efforts of SJRMC and Memorial Hospital of South Bend ( "Memorial "); and WHEREAS, a Community Needs Assessment performed in 2007 by SJRMC noted that the most pressing needs for Westside residents were access to primary health care services in their immediate locale, affordability of that care, and having a permanent medical home in which established physicians would provide care on a regular basis, SJRMC approached Memorial Hospital of South Bend and the City of South Bend with its findings and invited both entities to join in an effort to address the health- related needs of the residents; and WHEREAS, traditionally competitors in providing medical care, SJRMC and Memorial have a mutual mission to improve the health status of the communities they serve, and with this initiative, the two Health Systems take an unprecedented step by developing a formal partnership to serve vulnerable, medically underserved residents on the Westside; and WHEREAS, the Commission considers the Project a benefit to the health and welfare of all of the community's residents, and WHEREAS, the Commission has identified the encouragement of new development in the LaSalle Square neighborhood as a goal of the Airport Economic Development Area, and will implement a strategy for a new commercial and residential center in the immediate area of 1010 Bendix Drive that will be supported and enhanced by the Project. NOW, THEREFORE, the Parties hereby agree and represent as follows: 1. SJRMC will convey fee simple interest in the Property by quitclaim deed to the South Bend Redevelopment Commission. SJRMC will not warrant title to the Property nor provide title insurance, provided, however, that the Commission may refrain from accepting title to the Property if, in its sole discretion, SJRMC is unable to convey acceptable title to the BDD1301 5262573v2