No. 1014 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 14 and 21 of John Rush's 1st 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 Northwest corner of Lot 11, also being the East right -of -way line of Rush Street, and the South right -of -way line of a 12.50 foot alley; thence North 89 041140" East (bearing assumed), 165.00 feet along said South right -of -way line; thence South 00 001'54" East, 54.53 feet to the point of beginning; thence North 89 041140" East, 86.28 feet; thence North 71 041140" East, 31.43 feet to the Southwesterly right -of -way line of Lincolnway; thence South 37 021'40" East, 62.30 feet along said Southwesterly right -of -way line; thence South 89 04140" West, 153.89 feet to the West line of Lot 14 of said John Rush's First Addition; thence North 00 001154" West, 40.00 feet to the point of beginning. Commonly known as 626 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 CW 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.