Laserfiche WebLink
COMMERCIAL PROPERTY MANAGEMENT <br />AND LEASING AGREEMENT <br />This Agreement, made this _I st_day of February, 2009 between CITY OF SOUTH BEND <br />REDEVELOPMENT COMMISSION ( "Owner "), and ROBERT BRADLEY <br />ASSOCIATES, LLC, d/b /a CB RICHARD ELLIS SOUTH BEND whose address is 202 S. <br />Michigan Street, Suite 200, P.O. Box 540, South Bend, Indiana 46624 -0540, an Indiana limited <br />liability company, ( "Agent "). <br />1. APPOINTMENT AND ACCEPTANCE. The Owner appoints the Agent for the <br />management of the Property described in Section 2 of this Agreement, and the Agent accepts the <br />appointment, subject to the terms and conditions set forth in this Agreement. <br />2. DESCRIPTION OF PROPERTY. The Properties are all located in South Bend and <br />described as follows: <br />• 117 East Wayne Street — Wayne Street Garage Retail <br />• 118 -131 South Michigan Street — Leighton Plaza Garage Retail /Michigan <br />Street Shops <br />• Leighton Plaza Courtyard located at 130 South Main Street <br />3. DEFINITIONS. As used in this Agreement: <br />a. "Agent" means Robert Bradley Associates, LLC d/b /a CB Richard Ellis <br />South Bend. <br />b. "Operating Account" means the account described in Section 8 hereof. <br />C. "Owner" means City of South Bend Redevelopment Commission <br />d. "Principal Parties" means the Owner and the Agent. <br />e. "Property" means the Property described in Section 2 hereof. <br />f. "Property Expense" means an expense paid by the Agent from the <br />Operating Account. <br />4. BASIC INFORMATION. The Owner has furnished the Agent, to the best of the Owner's <br />ability, with a complete set of plans and specifications of the Property, copies of all guaranties <br />and warranties pertinent to the Property and its construction, fixtures and equipment, financial <br />statements, accounting records, leases, service contracts, insurance policies and any and all <br />pertinent related documents related thereto. With the aid of this information, discussion with the <br />Owner, and inspection of the Property, the Agent has familiarized itself with the character, <br />location, construction, layout, plan and operation of the Property, including but not limited to the <br />electrical, heating, plumbing, air conditioning and ventilation systems and all other mechanical <br />equipment. <br />BE <br />