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1 <br />THIRD AMENDMENT TO <br />REDEVELOPMENT SUPERVISORY SERVICES AGREEMENT <br /> <br /> This Third Amendment to Redevelopment Supervisory Services Agreement (this “Third <br />Amendment”) is made effective as of January 1, 2023 (the “Effective Date”), by and between the <br />South Bend Redevelopment Commission, the governing body of the City of South Bend <br />Department of Redevelopment (the “Commission”), and the City of South Bend, Indiana, an <br />Indiana municipal corporation, acting by and through the City of South Bend, Indiana Board of <br />Public Works (the “Provider”). <br />RECITALS <br /> <br />A. The Commission and the Provider entered into a Redevelopment Supervisory <br />Services Agreement dated January 12, 2017, as amended by a First Amendment to Redevelopment <br />Supervisory Services Agreement dated March 13, 2018, and a Second Amendment to <br />Redevelopment Supervisory Services Agreement dated effective January 1, 2020 (together, the <br />“Services Agreement”), for the provision of supervisory services to the Commission in relation to <br />the Commission’s Projects (as defined in the Services Agreement). <br /> <br />B. The Commission and the Provider wish to amend the Services Agreement as set <br />forth in this Second Amendment. <br /> <br /> NOW, THEREFORE, in consideration of the mutual promises and obligations in this <br />Second Amendment and the Services Agreement, the adequacy of which consideration is hereby <br />acknowledged, the Parties agree as follows: <br /> <br />1. Effective on January 1, 2023, Section 4.A. of the Services Agreement is deleted <br />and replaced by the following: <br />A. Fees for Services. The Provider will render the Requested Services to the <br />Commission through the work of the Provider’s employees holding the position titles <br />“Executive Director of Community Investment,” "Director of Growth & Opportunity," and <br />"Property Development Manager." As compensation for the Requested Services, the <br />Commission agrees to pay the Provider a flat fee for each respective calendar year in an <br />amount not to exceed the total amount stated in the table below (the “Annual Fee”). <br /> <br /> <br />Period Position Annual Fee <br />January 1 to December <br />31, 2023 <br />Exec. Dir. of Community Investment $ 40,337.00 <br />Director of Growth & Opportunity $ 43,555.00 <br />Property Development Manager $ 36,209.00 <br />Total for 2023 $120,000.00 <br />January 1 to December <br />31, 2024 <br />Exec. Dir. of Community Investment $ 41,143.74 <br />Director of Growth & Opportunity $ 44,426.10 <br />Property Development Manager $ 36,993.18 <br />Total for 2024 $122,563.02