5A2 Purchase Agreement 534 Laporte Ave. (Widerquist Development, LLC) - Signed

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REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (this “Agreement”) is made on January 22, 2026 (the “Contract Date”), by and between the City of South Bend, Indiana, Department of Redevelopment, acting by and through its governing body, the South Bend Redevelopment Commission (“Seller”) and Widerquist Development, LLC, an Indiana Limited Liability Company with registered offices at 1929 Dorwood Dr, South Bend, IN 46617 (“Buyer”) (each a “Party” and together the “Parties”). RECITALS A.Seller exists and operates pursuant to the Redevelopment of Cities and Towns Act of 1953, as amended, being Ind. Code 36-7-14 (the “Act”). B.In furtherance of its purposes under the Act, Seller owns one (1) parcel of real property located in South Bend, Indiana (the “City”) commonly known as 534 Laporte Ave, and more particularly described in attached Exhibit A (the “Property”). C.Pursuant to the Act, Seller adopted its Resolution No. 3653 on October 23, 2025, whereby Seller established a total offering price of Five Thousand Dollars ($5,000) for the Property. D.Pursuant to the Act, on October 23, 2025, Seller authorized the publication, on October 31, 2025 and November 7, 2025, respectively, of a notice of its intent to sell the Property and its desire to receive bids for said Property on or before November 13, 2025, at 9:00A.M. E.On November 13, 2025, at 9:00A.M., Seller received no bids for the Property. F.Buyer subsequently expressed interest in purchasing the Property for purposes of constructing an office and distribution center. G.Having satisfied the conditions stated in Section 22 of the Act, Seller now desires to sell the Property to Buyer on the terms stated in this Agreement. THEREFORE, in consideration of the mutual covenants and promises in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledged, Buyer and Seller agree as follows: 1.RECITALS The recitals above are hereby incorporated into this Agreement by reference. 2.OFFER AND ACCEPTANCE A copy of this Agreement, signed by Buyer, constitutes Buyer’s offer to purchase the Property on the terms stated in this Agreement and shall be delivered to Seller, in care of the following representative (“Seller’s Representative”): TO SELLER: Caleb Bauer