Creating an Industrial Development Fund

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Energy to induce New Energy to construct its proposed ethanol pro- duction facility within the City of South Bend. NOW THEREFORE, for and in consideration of the sum of Twenty- Five ($25.00) dollars, paid by the City and New Energy unto each other the receipt of which is hereby acknowledged, and for other good and valuable consideration and the mutual covenants and promises herein contained, the parties hereto agree as follows: 1. The City shall construct the below described off -site im- provements in the described areas surrounding and adjoining the site: A. The City will provide water service to the described site through the installation of needed mains and pipes for the use of New Energy. Water service will be furnished through the con- struction of a twelve (12) inch main connecting to the sixteen (16) inch main that currently exists in Olive Street. A twelve (12) inch main will be constructed in the Calvert Street right -of -way to the point where Calvert Street intersects with that portion of Maple Road to be constructed as described herein. B. The City will provide sanitary sewers to the site through the provision of a twenty (20) inch ductile iron pipe constructed from the existing manhole at the intersection of Olive and Calvert Streets. In Calvert Street the twenty (20) inch dutile iron pipe will be constructed westerly to the Calvert Street right - of -way for a total of twenty -seven hundred (2,700) lineal feet to the site. In the course of the construction of the sanitary sewers as described herein, needed backfill will be provided and dewatering will take place as required. C. The City will construct a thirty -six (36) inch storm sewer in new Maple Road to collect water intercepted by or con- -3-