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1 <br />FOURTH AMENDMENT TO <br />REDEVELOPMENT SUPERVISORY SERVICES AGREEMENT <br />This Fourth Amendment to Redevelopment Supervisory Services Agreement (this “Fourth <br />Amendment”) is made effective as of January 1, 2024 (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 />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, a Second Amendment to Redevelopment <br />Supervisory Services Agreement dated effective January 1, 2020, and a Third Amendment to <br />Redevelopment Supervisory Services Agreement dated effective January 1, 2023 (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 />B.The Commission and the Provider wish to amend the Services Agreement as set <br />forth in this Fourth Amendment. <br />NOW, THEREFORE, in consideration of the mutual promises and obligations in this <br />Fourth Amendment and the Services Agreement, the adequacy of which consideration is hereby <br />acknowledged, the Parties agree as follows: <br />1.As of the Effective Date, Section 4.A. of the Services Agreement shall be deleted in its <br />entirety and replaced with the following: <br />A.Fees for Services. The Provider will render the Requested Services <br />to the Commission through the work of the Provider’s employees holding the <br />position titles “Executive Director of Community Investment,” "Director of <br />Growth & Opportunity," “Assistant Director of Growth & Opportunity,” and <br />"Property Development Manager." Commencing on the Effective Date, the Annual <br />Fee shall be one-fourth (¼) the maximum payable salary for the Executive Director <br />of Community Investment, one-fourth (¼) the maximum payable salary for the <br />Director of Growth & Opportunity, one-half (½) the maximum payable salary for <br />the Assistant Director of Growth & Opportunity, and one-half (½) the maximum <br />payable salary for the Property Development Manager as set forth in the applicable <br />annual City salary ordinance, which, as of the Effective Date, equates to a total of <br />One Hundred Thirty-Two Thousand One Hundred Fifty-Seven Dollars <br />($132,157.00.00).