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secured by the Foundation and pledged to the Public Library prior to such time as the <br /> construction of the CEC Building is put out for bid by the Public Library. The Parties agree and <br /> acknowledge that the Foundation is making the Additional Foundation Contribution so that all <br /> funds necessary to complete the 2018/2019 Projects will be committed and available to the <br /> Public Library at the time of bidding such projects, and can be bid simultaneously. The Parties <br /> also agree that the funds expended on the construction and equipping of the CEC Building shall <br /> be in the following order: first from the proceeds of the Library's 2018 Bonds; second from the <br /> Foundation Contribution funds; and finally from the funds constituting the Additional <br /> Foundation Contribution. <br /> SECTION 4. Use of the CEC Building by the Foundation and the City. The Parties <br /> agree that the Foundation will lease from the Public Library(subject to compliance with Indiana <br /> law) space on the third floor of the CEC Building to be utilized as office space for the <br /> Foundation (the "Foundation Space"), under the terms of a mutually agreeable lease agreement <br /> (the "Lease") between the Public Library and the Foundation. The Foundation Space will be <br /> limited to the third floor of the CEC Building and shall be in the form of the conceptual drawing <br /> set forth on Exhibit B hereto, with the exact design, dimensions, and Lease terms to be agreed <br /> upon by the Public Library and the Foundation as set forth in the Lease. It is the intent of the <br /> Public Library and the Foundation to enter into a letter of intent setting forth the parameters of <br /> the Lease terms prior to entering into the Lease. In addition to the foregoing, all of the Parties, <br /> together with the general public, shall have access to all the public meeting and training spaces <br /> and the auditorium within the CEC Building, subject to scheduling which will be coordinated <br /> through the Public Library. All public areas of the CEC Building, the Main Library, the Outdoor <br /> Improvements, and any other structure or improvement that is part of the 2018/2019 Projects and <br /> is not leased to one of the Parties (such as the Foundation Space) shall be considered common <br /> area(the"Common Area") accessible to the general public and shall at all times be subject to the <br /> control and management of the Public Library. <br /> SECTION 5. 2018/2019 Projects Gantt Chart. The Parties agree to utilize, and <br /> periodically update, a Gantt Chart (the "Gantt Chart") to be maintained and updated by the <br /> Public Library, in the form of the Gantt Chart attached hereto as Exhibit C. The Gantt Chart <br /> shall provide all of the necessary steps to be taken in connection with the approval of all official <br /> actions for the financing and Construction of the 2018/2019 Projects as set forth in this <br /> Agreement together with all actions to be taken by the various Parties in the financing, design <br /> and construction of the 2018/2019 Projects. <br /> SECTION 6. Naming Rights/Donations. The Parties acknowledge that the Foundation <br /> will make donations and will be attempting to secure donations from third parties to help pay for <br /> the Foundation Contribution, and, in connection therewith, there may be a requirement by such <br /> third parties or the Foundation to have their names memorialized in some fashion or to make <br /> recommendations regarding the design, construction, and equipping of the 2018/2019 Projects as <br /> a condition of any donation by such third party or the Foundation. The Parties agree to use their <br /> best efforts to accommodate the reasonable requests of such third party donors or the Foundation <br /> in connection with the naming opportunities or other recommendations for the 2018/2019 <br /> Projects. <br /> - 5 - <br />