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ESTOPPEL CERTIFICATE <br />This Estoppel Certificate is made as of the date executed below (the “Effective Date”), <br />with respect to that certain lease originally entered into on January 1, 2019, and thereafter amended <br />by an Amendment to Lease Agreement dated August 22, 2023, (together, the “Lease”) executed <br />by and between CATALYST TWO LLC, an Indiana limited liability company (“Landlord”), as <br />landlord, the City of South Bend, Indiana, by and through its Board of Public Works, for the benefit <br />of its Department of Innovation and Technology, an Indiana municipal corporation (“Tenant”), as <br />tenant, and affecting certain real property located at 1165 Franklin, South Bend, Indiana 46601 <br />and identified as Suites 100 and 180, on the attached building plan attached hereto as Exhibit A <br />(the “Premises”) and located in the building commonly known as Catalyst Two at Ignition Park <br />(the “Building”). <br /> <br />Tenant makes this statement for the benefit and protection of Chelo-Seba, LLC (“Buyer”) <br />and any lender that may finance Buyer’s purchase of the Premises from Landlord with the <br />understanding that Buyer and such lender intend to rely upon this statement in connection with <br />such purchase and financing of the Premises. Tenant hereby confirms and agrees, certifies and <br />represents to Buyer that: <br />1. Tenant has agreed to lease the Premises pursuant to the terms of the Lease. The <br />Lease sets forth the entire agreement between Landlord and Tenant, is in full force and effect in <br />accordance with its terms. There are no other written or oral agreements between Tenant and <br />Landlord, and the Lease has not been amended, modified, extended, supplemented or assigned <br />except as referenced herein. Tenant neither expects nor has been promised any inducement, <br />concession or consideration for entering into the Lease, except as stated herein, and there are no <br />side agreements or understandings between Landlord and Tenant relating to the Premises. <br />2. As of the Effective Date, the Premises contain approximately 12,500 deemed <br />square feet of leased space. Notwithstanding the forgoing, Landlord caused a remeasure of the <br />Building, which is attached hereto as Exhibit A, and the actual rentable square feet for the Premises <br />is 11,168 square feet. <br />3. The primary term of the Lease commenced on January 1, 2019, and continues to <br />June 30, 2026. <br />4. Tenant has paid to Landlord a security deposit of $0.00. No other payments by <br />Tenant under the Lease have been made for more than one (1) month in advance, and minimum <br />rents and other charges under the Lease are current. <br />5. As of the Effective Date, annual rent is $250,000.00 per year. <br />6. Tenant’s Lease is a gross lease and Tenant is not required to pay a share of property <br />expenses, real property taxes, and insurance cost for the building. <br />7. Tenant knows of no default by either Landlord or Tenant under the Lease, and <br />knows of no situations which, with notice or the passage of time, or both, would constitute a <br />default. <br />