5072-24 Resolution Correcting Scriverner's Error in Resolution No. 5015-23 Designating 722 Harrison Avenue and 726 Harrison Avenue

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Filed in Clerk's Office MAR 2 n 2024 Bianca Tiririo MEMORANDUM OF AGREEMENT City Clerk, South [3uria IN (SINGLE-FAMILY RESIDENTIAL REAL PROPERTY TAX ABATEMENT) This Memorandum of Agreement (Agreement) dated as of March 18, 2024, serves as confirmation of a commitment by Cross Community, Inc. (the "Applicant") to comply with the project description contained in its petition, Statement of Benefits, and attachments and this Agreement. 1. Properties Associated with the Abatement and Responsibilities of the Applicant. At the time of this agreement,the properties are described as: Key Number: 71-08-02-407-013.000-026 Local Parcel Number: 018-1070-2982 Commonly Known As: 726 Harrison Avenue, South Bend, IN 46616 Legal Description: Lot 2 Kingdom Campus Minor Sub 23/24 NP#1221 6/27/2022 Key Number: 71-08-02-407-014.000-026 Local Parcel Number: 018-1070-2983 Commonly Known As: 722 Harrison Avenue, South Bend, IN 46616 Legal Description: Lot 3 Kingdom Campus Minor Sub 23/24 NP #1221 6/27/2022 Throughout the duration of the abatement,the Applicant shall promptly report any changes in the addresses or Key Numbers of the properties receiving an abatement to the Department of Community Investment and to the Office of the City Clerk. Moreover, the Applicant also shall report any material changes or improvements made to the properties subject to an abatement including changes as the result of subdividing, replatting, or otherwise. The Applicant agrees that failure to promptly report changes can result in a finding of noncompliance on behalf of the Applicant under the commitments of this agreement. 2. Commitments of City and Applicant. Subject to the adoption of a resolution correcting a scrivener's error in Resolution No. 5015-23 and Resolution No. 5016-23 by the South Bend Common Council(the"SBCC"),the City of South Bend,Indiana, (the"City")commits to provide a five-year (5) single-family residential real property tax abatement for the Applicant, based on the Applicant's commitment set forth in its Application. The Applicant commits to the following (the"Commitments"): (a)making total combined real property expenditures of no less than Four Hundred Forty Thousand dollars ($440,000.00) for the construction of two (2) single-family homes at the properties identified in Section 1 of this agreement; and (b) acting in good faith to complete the project as described in its Application. 1