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No. 0924 reducing the annual rental on the lease for the SBCDA public improvement project and approving the execution of an addendum to the lease
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No. 0924 reducing the annual rental on the lease for the SBCDA public improvement project and approving the execution of an addendum to the lease
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ADDENDUM TO LEASE <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />TO <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />(South bend Central Development Area <br />Public Improvement Project) <br />THIS ADDENDUM, made and entered into this �f *�' day of April, <br />1990, by and between the South Bend Redevelopment Authority, a body <br />corporate and politic organized and existing under Indiana Code <br />36 -7 -14.5 (hereinafter with its successors and assigns referred to as <br />the "Authority "), and the South Bend Redevelopment Commission, the <br />governing body of the South Bend Department of Redevelopment and the <br />Redevelopment District of South Bend, Indiana (hereinafter called the <br />"Lessee "), <br />WITNESSETH: <br />In consideration of the mutual covenants herein contained it is <br />agreed that the Lease (South Bend Central Development Area Public <br />Improvement Project) previously entered into between said parties as <br />of the first day of November, 1989, shall be amended as follows: <br />1. The following definitions in Section 1 of the Lease are <br />amended to read as follows: <br />"`Permitted Encumbrances' means those items listed in Exhibit A <br />hereto and any future (a) liens for taxes not then delinquent, (b) <br />this Lease and the Trust Agreement, leases, subleases and other <br />agreements permitted pursuant to Section 13 hereof, (c) utility, <br />access and other easements and rights -of way, restrictions and <br />exceptions that Lessee certifies will not interfere with or impair <br />the Project, (d) any mechanics', laborers', materialmen's, suppliers' <br />or vendors' lien or right in respect thereof if payment is not yet <br />due and payable and (e) such minor defects, irregularities, <br />encumbrances, easements, rights -of -way and clouds on title as do not, <br />-1- <br />
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