No. 0077 approving the proposed disposition and minimum price for a certain parcel of real estate in Sample Street Project INDIANA R-7 Area by advertising/soliciting written bids

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In th No Pe is is ye re Pr *additional choices may be submitted by separate Offer. * *subject to correction upon actual survey to be furnished by the Department. malting this Offer, the Offeror has given consideration to requirements of the Redevelopment Plan, including "Exhibit 111, which contains the off- street loading, parking, other formance requirements, and the use restrictions. This offer governed by and subject to the terms of the Agreement, which incorporated herein as part hereof by reference. It is erstood that Seller will pay the real estate taxes for the r payable in the year and that portion of the 1 estate taxes for the year payable in the year rated to the date of closing. 3. REJECTIONS AND WITHDRAWAL OF OFFERS It is agreed that this offer shall remain open for a period of si ty (60) days from the final date for delivery of offers as specified above and shall remain in force thereafter until with - dr wn by the Offeror in writing, and that the Department may reject any and all offers, and may waive any informalities th rein. 4. GO CD FAITH DEPOSIT The Offeror transmits herewith a cashier's or certified check in the amount of $ , payable to the order of the South Bend Redevelopment Commission, being a good faith de osit equal to ten percentum (10 %) of the price offered for the disposal segment of land, to be held and applied, or returned if this offer is rejected, or retained as hereinafter provided. Such check or money order may be held by the Seller un eposited at the Offeror's risk. A bid bond, in a form and made by a surety satisfactory to the Seller, will be accepted as the good faith deposit in lieu of a cashier's or certified check. 5. (a) (b) 6. AG dep dis Offeror agrees that: At the time requested by submit to the Department ed by the Department) of and financial ability to disposal segment for the submitted. the Department, the Offeror will a statement (in the form furnish - its organization, qualifications complete the redevelopment of the purchase of which this Offer is After approval of the purchase price by the Department, and within ten (10) days after notification thereof to the Offeror, and prior to the execution of the Agreement, the Offeror will furnish for approval of the Department, its Site and Architectural Sketch Plans as required by "Schedule 1" attached hereto, and which is to be incorpora- ted in the Agreement. EMENT TO BE SIGNED acceptance of this Offer, the Offeror agrees to perform remaining conditions of this Offer, and thereafter to ute the Agreement, to make any additional good faith sit required thereby and to complete the purchase of the osal segment of land in the manner set forth in the Agree- -2-