No. 1015 approving a sublease of real property to the COSB

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Commission under the terms and conditions of a sublease containing terms and conditions which are substantially similar to those embodied in the Lease, with the exception that the rent paid by the City to the Commision pursuant to said sublease shall be nominal in amount. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION AS FOLLOWS: 1. That the sublease of the following described real property by the South Bend Redevelopment Commission to the City of South Bend, acting by and through its Board of Public Works: A parcel of land in the West Half (1/2) of the Southeast Quarter (1/4) of Section Twelve (12), Township Thirty -seven (37) North, Range Two (2) East, City of South Bend, Portage Township, St. Joseph County, Indiana, being part of Lots Numbered Nineteen (19) and Twenty (20) of John Rush's lst Addition, as recorded in Book 2, Page 53, at the St. Joseph County Recorder's Office in South Bend, Indiana, and described as follows: Commencing at the Southwest corner of Lot 18, also being the East right -of -way line of Rush Street, and the North right -of -way line of a 12.50 foot alley; thence North 89 041'40" East 100.00 feet along said North right -of -way „r line to the point of beginning; thence North 00 001154” West, 40.00 feet; thence North 89 041140" East, 110.11 feet to the West right -of -way line of Lincolnway; thence South 37 021140" East, 50.12 feet to the North right -of -way line of a 12.50 foot alley; thence South 89 041140" West, 140.50 feet along said North right -of -way line to the point of beginning. Commonly known as 618 Lincolnway East, under terms and conditions that are substantially similar to those embodied in the Lease, shall be, and hereby is, approved, subject to the adoption of a resolution by the Board of Public Works of the City of South Bend, substantially identical in its terms and conditions as this resolution, and, further, subject to the approval of the South Bend Redevelopment Authority. 2. That the President and Secretary of the Commission shall be, and hereby are, authorized, respectively, to execute and attest to the execution of a sublease containing terms and conditions which are substantially similar to those embodied in the Lease, with the exception that the rent paid by the City to the Commisison shall be nominal in amount. 3. That this Resolution shall be in full force and effect upon its adoption by the South Bend Redevelopment Commission.