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1. Exclusivity Period: April 24-October 24th, 2014,the Redevelopment Commission will not <br /> accept any offers for the sale or lease of the building; and, Ivy Tech will have the exclusive <br /> right to propose a project for the reuse of the Hall. <br /> 2. Right of First Refusal/Extension Term: Oct 24-Dec 24th:The Redevelopment Commission <br /> could receive offers and would be obligated to notify Ivy Tech and offer matching terms to Ivy <br /> Tech for consideration within 30 days. If those terms were rejected the Commission would <br /> have the right to enter into a separate agreement. <br /> Staff requests approval of the attached memorandum of understanding for former College Football <br /> Hall of Fame with Ivy Tech Community College of Indiana. <br /> 227 W.JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTHBENDIN.GOV <br />