Approving Lease Agreement between the City of South Bend, South Bend Civiv Center Board of Managers

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LEASE AGREEMENT AGREEMENT entered into by and between the Civil City of South Bend, Indiana, The South Bend Civic Center Board of Managers, a board created by Ordinance Number 5888 -7.5 of the City of South Bend, Indiana, and pursuant to the provisions of Indiana Code 1971, 19 -7- 18.5 -1 (hereinafter referred to as "Lessors "), and The Art Center, Inc., (hereinafter referred to as "Lessee "), for and in consideration of their mutual promises, covenants and agreements hereinafter set forth and for other good and valuable consideration, the parties here- to agree as follows: 1. Lessors hereby lease to Lessee that portion of the South Bend Century Center located in South Bend, Indiana, described as Building "E" on the plans and specifications for said Century Center dated and filed with the South Bend City Clerk on October 31, 1975, which Building is the Northeastern most portion of said Century Center but excluding those portions of said Building E described on said plans and specifications as E 120 (Lapidary /Ceramics Studio), E 313 (Painting and Drawing Classroom), and the main public corridors on the river and street levels. For reference purposes, the leased premises shall include the areas within the bold border on the drawings which are attached hereto and made a part hereof. 2. The term of this lease shall begin on the date upon which the above described portion of Century Center leased hereunder (hereinafter referred to as "Premises ") is completed, ready for occupancy by Lessee and accepted by Lessee in writing. Acceptance by Lessee shall not be unreasonably ExX ;�;