5A2 Purchase Agreement (The Row at Ward) - Fully Executed

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REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (this “Agreement”) is made on April 9, 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 ID2 LLC, an Indiana Limited Liability Company with registered offices at 1251 N Eddy St, Suite 200, 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 seven (7) parcels of real property located in South Bend, Indiana (the “City”) commonly known as 710 Rex & 808-838 Portage Ave, and more particularly described in attached Exhibit A (the “Property”). C. Pursuant to the Act, Seller adopted its Resolution No. 3519 on April 23, 2020, whereby Seller established a total offering price of One Hundred Twenty Six Thousand Seven Hundred Fifty Dollars ($126,750) for the Property. D. Pursuant to the Act, on April 23, 2020, Seller authorized the publication, on April 24, 2020 and May 1, 2020, respectively, of a notice of its intent to sell the Property and its desire to receive bids for said Property on or before May 14, 2020, at 9:00A.M. E. On May 14, 2020, at 9:00A.M., Seller received no bids for the Property. F. Buyer subsequently expressed interest in purchasing the Property for purposes of constructing a mixed income housing development. 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”):