5B4 Lease Agreement Temp. Parking (County Parking Lot) - Fully Executed

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1 LEASE AGREEMENT FOR TEMPORARY PARKING This Lease Agreement For Temporary Parking (this "Agreement") is made on March 12, 2026 (the "Effective Date"), by and between the South Bend Redevelopment Commission, governing body of the City of South Bend Department of Redevelopment (the "Commission"), and the St. Joseph County Board of Commissioners, a political subdivision of the state of Indiana with its registered office at 227 W. Jefferson South Bend IN 46601 (the "County") (each a "Party," and collectively, the "Parties"). RECITALS A.The Commission owns certain real property and improvements located within the River West Development Area of the City of South Bend, Indiana (the "City"), described more particularly in Exhibit A (the "Property"). B.The County desires to lease the Property for the purpose of parking passenger vehicles of the County's employees and tenants residing in and licensees and invitees visiting the building at 227 W. Jefferson South Bend IN 46601 owned and operated by the County as well as the buildings located in the County’s Court complex (collectively, the "County's Building"). C.The Commission is willing to permit the County to gain access to and lease the Property to provide parking spaces to the County's employees, tenants, licensees, and invitees, subject to the terms and conditions set forth in this Agreement. NOW, THEREFORE, in consideration of the mutual covenants set forth in this Agreement, the Parties agree as follows: I.Lease. The Commission grants to the County a temporary, non-exclusive lease to enter and use all parking spaces located on the Property (the "Parking Spaces") for the parking of passenger vehicles of the County's employees and tenants residing in the County's Building and licensees and invitees visiting the County's Building, provided that the County's use of the Property is reasonable at all times and comports with the terms of this Agreement and all applicable laws. The Commission, or its authorized representative, reserves the right to specifically designate the location and configuration of the Parking Spaces on the Property that are available for the County's use and may modify such location or configuration during the Term (as defined below) upon reasonable notice to the County. The County's license is limited to use of the Parking Spaces as stated above and a reasonable course of ingress to and egress from the Parking Spaces. 2.Term. The County's license to use the Parking Spaces shall be effective starting on March 12, 2026 and shall terminate upon revocation as set forth in this Agreement (the "Term"). Upon ninety (90) days' written notice to the County, the Commission or the Commission's authorized representative may revoke and terminate the license at any time for any reason, including, without limitation, to accommodate future development of the Property or the surrounding area, as determined in its, his, or her sole discretion. Notwithstanding the foregoing sentence, the Commission or the Commission's authorized representative may revoke and