No. 2065 approving acquisition of real property to facilitate the studebaker national museum relocation project and approving the execution of a ground lease and other related documents associated with studebaker museum relocation project (SBCDA)

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"1144, C/ GROUND LEASE AGREEMENT THIS GROUND LEASE AGREEMENT (hereinafter referred to as the "Ground Lease ") is made and entered into effective as of , 2004, by and between the NORTHERN INDIANA HISTORICAL SOCIETY, INC., an Indiana not - for - profit corporation ( "Ground Lessor ") and the CITY OF SOUTH BEND, INDIANA, BY AND THROUGH THE SOUTH BEND REDEVELOPMENT COMMISSION ( "Ground Lessee "). A. Ground Lessor is the fee simple owner of a parcel of real estate located in South Bend, St. Joseph County, Indiana, and more particularly described on Exhibit A attached hereto ( "NIHS Property "). B. The South Bend Redevelopment Commission is the governing body of the City of South Bend Department of Redevelopment and, pursuant to Indiana Code § 36 -7 -14 -12.2, is authorized to lease an interest in real property needed for the redevelopment of blighted areas located within the City of South Bend. C. In accordance with IC 36 -7 -14, the Redevelopment Commission is in the process of acquiring a fee simple interest in a parcel of real estate located in the South Bend Central Development Area within the City of South Bend, St. Joseph County, Indiana, and more particularly described on Exhibit B attached hereto ( "Studebaker Property "). L�l D. The Redevelopment pm nt Comrrussron intends to construct a new museum facility on the Studebaker Property and the Redevelopment Commission, as Ground Lessee, intends to lease the new facility to Studebaker National Museum, Inc. ( "SNM ") for operation as the Studebaker National Museum ( "Studebaker Museum "). E. Ground Lessee further desires to connect the Studebaker Museum to the existing museum facility of Ground Lessor that is located on the NIHS Property ( "Center- for History ") consistent with the drawing that is attached hereto as Exhibit C. F. Ground Lessee desires to lease from Ground Lessor a portion of the NIHS Property upon which it intends to construct certain improvements that will serve as the connection between the Studebaker Museum and the Center for History facilities. The improvements to be constructed by Ground Lessee on the NIHS Property will consist of a connecting hallway from the Center for History to the Studebaker Museum ( "Improvement "). The portion of the NIHS Property to be leased for this purpose is specifically described on Exhibit D attached hereto ( "Ground Lease Premises "). G. Subject to the terms and conditions hereinafter set forth, Ground Lessor is willing to ground lease to Ground Lessee the Ground Lease Premises for construction and use of the Improvement. C IN CONSIDERATION, of the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Ground