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5A1 Development Agreement (KCG) - Signed
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5A1 Development Agreement (KCG) - Signed
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3/12/2026 10:57:03 AM
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Dept of Community Investment
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5 <br />Commission pays any costs or expenses of such preparation, then the amount paid by the <br />Commission will be deducted from the Funding Amount. The Developer will submit all bid <br />specifications related to the Local Public Improvements to the City of South Bend Engineering <br />Department (the “Engineering Department”). The Engineering Department may approve or <br />disapprove said bid specifications for the Project in its sole discretion and may request revisions <br />or amendments to be made to the same. Approval or Disapproval of Plans and Specifications by <br />the Executive Director or designee is solely for the purpose of determining consistency with <br />applicable City neighborhood, area, or redevelopment plans. Such approval or disapproval shall <br />not be deemed or relied upon as a determination of the feasibility, constructability, safety, or <br />compliance of the Project with engineering standards, building codes, or industry best practices. <br />Developer remains solely responsible for the accuracy, adequacy, and completeness of the plans <br />and specifications and for compliance with all applicable laws, regulations, codes, and industry <br />standards. The Commission shall not be required to expend the Funding Amount unless the <br />Engineering Department, and any other relevant authority, has approved all bid specifications. <br />4.10 Non-Interference. Developer hereby agrees to use commercially reasonable efforts <br />to minimize disruption for those living and working near the Developer Property during <br />construction of the Project. <br />4.11 Insurance. The Developer shall purchase and maintain comprehensive insurance <br />coverage as is appropriate for the work being performed with respect to the Project. The Developer <br />shall provide proof of such adequate insurance to the Commission and shall notify the Commission <br />and the City of any change in or termination of such insurance. During the period of construction <br />or provision of services regarding any Local Public Improvements, the Developer shall maintain <br />insurance in the kinds and for at least the minimum amounts as described in Exhibit F attached <br />hereto and the Commission and the City shall be named as additional insureds on such policies <br />(but not on any worker’s compensation policies). <br />4.12 Information. The Developer agrees to provide any and all due diligence items with <br />respect to the Project reasonably requested by the Commission. <br />SECTION 5. COMMISSION’S OBLIGATIONS. <br />5.1 Generally. The Parties acknowledge and agree that the Developer’s agreement to <br />perform and abide by the covenants and obligations set forth in this Agreement is material <br />consideration for the Commission’s commitment to perform and abide by the covenants and <br />obligations of the Commission contained in this Agreement. The Commission acknowledges that <br />its obligations to complete the Local Public Improvements directly impact the Project Plan and <br />agrees to perform such obligations in a good and workmanlike manner, in accordance with <br />applicable laws, regulations, and the terms of this Agreement.. <br />5.2 Completion of Local Public Improvements. <br />(a)The Commission hereby agrees to complete (or cause to be completed) the <br />Local Public Improvements described in Exhibit C attached hereto on a schedule to be <br />reasonably determined and agreed to by the Commission and the Developer, as may be <br />modified due to unforeseen circumstances and delays. In the event that the Purchase
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