Laserfiche WebLink
<br /> <br />LEASE AGREEMENT <br />THIS LEASE AGREEMENT, made and dated as of this 1st day of January, 2023, by <br />and between the SOUTH BEND REDEVELOPMENT AUTHORITY (the “Lessor”), a separate <br />body corporate and politic organized and existing under the provisions of I.C. 36-7-14.5 as an <br />instrumentality of the City of South Bend, Indiana (the “City”), and the CITY OF SOUTH BEND <br />REDEVELOPMENT COMMISSION (the “Lessee”), the governing body of the City of South <br />Bend, Department of Redevelopment, acting for and on behalf of the City. <br />WITNESSETH: <br />WHEREAS, the City has created the Lessor under and in pursuance of the provisions of <br />I.C. 36-7-14, I.C. 36-7-14.5 and I.C. 36-7-25 (collectively, the “Act”), for the purpose of financing, <br />constructing, acquiring and leasing to the Lessee certain local public improvements and <br />redevelopment and economic development projects; and <br />WHEREAS, the City has created the Lessee to undertake redevelopment and economic <br />development in the City in accordance with the Act; and <br />WHEREAS, the Lessee is the governing body of the South Bend Department of <br />Redevelopment and the Redevelopment District of the City (the “District”) which District is <br />coterminous with the boundaries of the City; and <br />WHEREAS, in accordance with prior resolutions adopted by the Lessee, the Lessee has <br />designated a certain area of the City known as the “River West Development Area” (the “Area”) <br />as an economic development area under the Act and approved an economic development plan for <br />the Area; and <br />WHEREAS, in accordance with prior resolutions adopted by the Lessee, the Lessee has <br />designated a certain area of the City known as the “River East Development Area” (the “Area”) as <br />a redevelopment area under the Act and approved a redevelopment plan for the Area; and <br />WHEREAS, the Commission has given consideration to undertaking local public <br />improvement projects in the River West Area including all or any portion of the following: (i) <br />River Bridge Connector (plus Madison) to South Bend-Notre Dame Trail which consists of Phase <br />3 of the trail project (the “Trail Project”) to construct a pedestrian bridge to connect the trail from <br />the University of Notre Dame campus to the City’s downtown, and any related improvements; (ii) <br />Linden improvements which consists of streetscape improvements in coordination with the Martin <br />Luther King Jr. Dream Center, from College to Birdsell, including improvements for bikes and <br />pedestrians, and any related improvements; (iii) Kennedy Park improvements which consist of <br />natural and aquatic improvements to the existing park and any related improvements to increase <br />accessible recreation resources on the west side of the City; (iv) South East Park improvements <br />which consist of improvements to the park, including splashpad improvements and playground <br />resurfacing, and any related improvements; (v) Martin Luther King Jr. Dream Center <br />improvements which consist of exterior park redevelopment, including without limitation <br />splashpad, playground, basketball court, other related park amenity improvements, and any related <br />improvements; (vi) Rum Village Park Plan improvements which consist of enhancements to the <br />historic pavilion and the Park including exterior restoration and stabilization of the fieldstones,