Approving a Lease Agreement City of South Bend Prairie Company

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LEASE This Lease entered into between the CIVIL CITY OF SOUTH BEND, INDIANA, a municipality acting by and through its Board of Public Works and the Mayor, hereafter referred to as "Lessee ", and the PRAIRIE COMPANY hereafter referred to as "Lessor ", for and in consideration of the covenants and agreements hereinafter mentioned, whereby Lessor leases and demises to the Lessee the premises in St. Joseph County, State of Indiana, known and described as follows: A portion of the Studebaker Foundry Building, located at N.E. 1/4, Section 14, Portage Township, consisting of 37,800 square feet and located on the South side of the building with access off Cotter Street, South Bend, Indiana. To have and to hold the same unto the Lessee from August 1, 1978, to and including December 31, 1979, and the Lessee, in consi- deration of said demise, does covenant and agree with the Lessor as follows: 1. To pay as annual rent for said leased premises the sum of Twenty Thousand Seven Hundred Fifty -six Dollars ($20,756.00), payable as follows: twelve (12) equal payments of $2,063.00 begin- ning on January 1, 1979, and ending December 1, 1979. 2. That the Lessee has examined and knows the conditions of said premises and has received the same in good order and repair, except that the Lessor covenants to have prepared the premises for occupation as follows: 1. Pave area with one (1) inch of bituminous surface on third bay in from street for stock- piling of sand and salt. 2. Existing soil in driveway area shall be removed and new base compacted for approach. 3• Construct a driveway approach from Cotter Street to proposed new overhead door. Existing curb shall be removed and hauled away. The proposed new driveway shall be sixteen (16) feet wide. 4. Install one (1) fifteen (15) foot overhead door in same location of present twelve (12) foot overhead door with proper lock- ing provisions. 5. Make provisions for Pyf.PnHi,, ,,,_-4-