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6B(1)
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08-30-12 Packet
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6B(1)
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Entry Properties
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1/22/2013 7:08:47 PM
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8/29/2012 9:25:24 AM
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AGREEMENT FOR LICENSE <br />Agreement for License (hereinafter referred to as the "Agreement ") is made and <br />entered i�to this day of August, 2012 between Data Realty Northern Indiana, LLC ( "Data <br />Realty ") I and the South Bend Redevelopment Commission (the "Commission "), (hereinafter <br />y referred to as the "Parties "), the governing body of the Department of <br />of the City of South Bend, existing and operating under the provisions of Indiana <br />Code § 30-7 -14, as amended. <br />BACKGROUND <br />Data Realty and the Commission entered into a Contract for the Purchase and <br />Sale of Real Estate on the 26th day of July, 2011 (the "Contract "). <br />The legal description of the Real Estate which was the subject matter of the <br />Contract is as follows: <br />Lot Numbered four (4) as shown on the Ignition Park Second Minor <br />Subdivision recorded in the Office of the Recorder of St. Joseph County, <br />Indiana as Instrument No. 1115569 (the "Real Estate ") <br />Pursuant to a Limited Warranty Deed executed by the Commission on November <br />17, 2011 and recorded November 22, 2011, as Document No. 113105 in the <br />Recorder's Office of St. Joseph County, the Real Estate was conveyed to Data <br />Realty. <br />Paragraph 6(e) of the Contract required Data Realty to provide certain <br />Enhancements in the construction of the data center on the Real Estate <br />( "Enhancements "). <br />Paragraph 7(b) of the Contract required the Commission to compensate Data <br />Realty for the Enhancements by providing what is described in the Contract as <br />certain Site Amenities ( "Site Amenities ") in a value equal to the Enhancements. <br />Two (2) of the Site Amenities to be provided by the Commission are the paving <br />of asphalt and landscaping on the Real Estate depicted on Exhibit "A" which is <br />attached hereto and made a part hereof. <br />In order to permit Commission to provide the Site Amenities, Data Realty is <br />granting to the Commission and any of its designated agents and contractors <br />1 <br />
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