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March 10, 2020 <br />Al Greek <br />Director of Utilities <br />3113 Riverside Drive <br />South Bend, IN 46628 <br />agreekCa)sout ben in.gov <br />Via email <br />Re: Proposal to Lease <br />Dear Al: <br />RADLEY <br />C O M P A N Y <br />112 W. Jefferson Blvd. <br />Suite 300 <br />South Bend, IN 46601 <br />574-237-6000 <br />574-237-6001 Fax <br />www.bradleyco.com <br />Enclosed, please find a proposal for renewing your lease at Main Street Row If these terms are <br />acceptable to you, please sign and return this Proposal. <br />PREMISES: <br />207 N. Main Street, South Bend,..IN 46601 commonly known as <br />Main Street Row. <br />TENANT: <br />South Bend Water Works <br />LANDLORD: <br />207 N. Main LLC <br />SIZE: <br />Approximately 3,883 square feet. <br />RENEWAL COMMENCEMNT: <br />August 1, 2020 <br />ANNUAL BASE RENT: <br />Base Rent Annual <br />Monthly <br />Year PSF Rent <br />Rent <br />1 $14.00 $54,362.00 <br />$4,530.17 <br />2 $14.35 $55,721.05 <br />$4,643.42 <br />3 $14.70 $57,080.10 <br />$4,756.68 <br />4 $15.05 $58,439.15 <br />$4,869.93 <br />5 $15.40 $59,798.20 <br />$4,983.18 <br />TERMINATION CLUASE: During the period of this renewal, Tenant shall have an option to <br />Terminate the Lease at any time by providing six months' notice, <br />and paying a penalty equal to two months' rent and the <br />unamortized portion of the commission. Commission is calculated <br />as 3% of the aggregate base rent consideration received. <br />