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x <br />NOW, THEREFORE, for and in consideration of the conveyance <br />• of the Airport Land to Redevelopment and of the mutual covenants and <br />promised con~alnCd 36r117~ RedevelopmenttandhAirportragreerasted the <br />parties unde <br />follows: <br />1. PREAMBLE <br />Redevelopment and Airport, individually and jointly, confirm <br />their commitment to economic development within. the County of St. <br />Joseph. In furtherance of the promotion of economic development in <br />St. Joseph County, Redevelopment intends to construct, equip and <br />establish Blackthorn which will serve as attractive infrastructure to <br />the Blackthorn Corporate Center, to be located adjacent. thereto. <br />Redevelopment and Airport undertake hereby the operation and <br />management of Blackthorn. <br />In consideration of the execution of this Agreement, and the <br />payment of One Hundred Dollars ($100.00), the receipt of such sum, <br />and the sufficiency of the entire consideration is hereby <br />ackno~loeRedevelopmentrunderrthettermslandnconditionstsethforthpbelow. <br />Land <br />2. DEFINITIONS <br />(a) "Agreement" shall mean1992s byrandeamongnRedevelopment <br />this day of ~ <br />and Airport. <br />(b) "Airport" shall mean the St. Joseph County Airport <br />Authority~oalmenisi2213coandrhaving itsnofficesdat 4477oTerminal <br />pursuant <br />Drive, South Bend, Indiana 46628. <br />(c) "Airport Land" shall mean approximately 189 acres of <br />real property situated in St. Joseph County, Indiana, in an area <br />commonly known as the Airport Economic Development Area, and more <br />particularly described at Exhibit "A,".hereto. <br />(d) "Blackthorn" shall mean the 18- or 19-hole public play, <br />first class golf course, clubhouse, maintenance building and related <br />facilities as described by the plans and specifications approved by <br />Redevelopment. <br />(e) "Blackthorn Expenses" shall mean all expenses relating <br />to the operation and maintenance of Blackthorn, including but not <br />limited to those identified at Exhibit "C," hereto, and. including all <br />semi-annual lease payments, as identified at Exhibit "D," hereto. <br />(f) "Blackthorntenanceeof Blackthorn,aincludingebutenoting <br />to the operation and mai <br />limited to those identified at Exhibit."E," hereto. <br />• <br />-2- <br />