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WHEREAS, the Organization has represented that it is exists under Indiana law and is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code; and WHEREAS, the Organization further represents that it has taken all corporate action necessary to enter into this Agreement; and WHEREAS, the City believes that the actions contemplated by this Agreement are in the best interests of the health, safety and welfare of the City and its residents and that such actions comply with the public purposes and applicable provisions of state and local law; and NOW THEREFORE, for and in consideration of the mutual covenants and promises contained herein, the City and the Organization hereby agree as follows: 1. The City and the Organization shall share in paying the cost of the Project. As its share of the cost of the Project, the Organization shall provide a maximum of One Hundred Fifty Thousand Dollars ($150,000.00). As its share of the cost of the Project, the City shall provide the remainder of the funds necessary to complete the Project. 2. The City and the Organization shall jointly select a professional services consultant for the Project, enter into the resulting professional services contract, and participate in internal and public meetings related to the Project. The City and the Organization shall pay Project costs independently. 3. The Organization shall designate one or more representatives to participate in the selection of a professional services consultant for the Project, in internal and public meetings related to the Project. 4. In any work product, meeting invitation, news release, or other written materials, when either the City or the Organization is acknowledged for its role in the Project, the other entity shall also be acknowledged. 5. Any notice required or permitted to be delivered hereunder shall be deemed to be delivered, whether or not actually received, when deposited in the United States Postal Service, postage prepaid, registered or certified mail, return receipt requested, addressed to the City or the Organization, as the case may be, at the address set forth below. City: Organization: Scott Ford, Director Karen White, Vice Chair Dept. of Community Investment Urban Enterprise Association City of South Bend, Indiana of South Bend, Inc. 227 W. Jefferson Blvd., Suite 1400S 227 W. Jefferson Blvd., Suite 1400S South Bend, IN 46601 -1830 South Bend, IN 46601 -1830 6. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter hereof, and merges and supersedes all prior discussions,