Approving the Lease of City Property to Intermodal Services Co Inc

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t EXHIBIT "A" LEASE OF CITY PROPERTY This lease made this 19vk day of 19�, 0 by and between the City of South Bend, Lessor, a municipal corpora- t aion in the County of St. Joseph and State of Indiana, and Intermodal Service Company, Inc., Lessee; WITNESSETH: Whereas, the Lessor is the owner of a parcel of real estate located in St. Joseph County, Indiana described as being northeast of the intersection of the Penn Central Railroad right= -of -way and Chippewa Avenue. Said land is adjacent to the railroad right -of -way and is used by the Bureau of Water of the City of South Bend to produce water from wells located on the site. Whereas, the Lessee is desirous of leasing from the Lessor and the Lessor is desirous of leasing said property for use as a staging area. Whereas,' the said property is presently not being used by the City with the exception that it is property under which the Lessor has wells. NOW, THEREFORE, in consideration of the covenants and agreements herein mentioned and the mutual promises made by the parties to this indenture, It is hereby agreed as follows: 1. That upon payment of the rent as hereinafter set forth, the Lessor hereby leases to the Lessee for the purposes hereinafter stated, a portion of the above described real estate, described as follows: One acre of land more or less adjacent to the Penn- Central right -of -way lines, beginning 200 feet north of the north right -of -way line of Chippewa Avenue; thence east, parallel to the north right -of -way of Chippewa Avenue for 226 feet; thence northerly parallel to the east right -of -way line of the Penn - Central railroad tracks for 200 feet; then West, parallel to the north right -of -way line of Chippewa Avenue for 226 feet; then southerly along the east right - of -way line of the Penn - Central railroad tracks for 200 feet to the place of beginning.