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CONTRACT FOR APPRAISAL SERVICES FOR BLACKTHORN GOLF COURSE (Hughes & Company,Inc.) THIS CONTRACT is effective the 24th day of April, 2014,by and between the South Bend Department of Redevelopment, acting by and through the South Bend Redevelopment Commission(the"Commission")and Hughes &Company, Inc., having its principle place of business at 11237 Nall, Leawood, KS 66211 (the"Contractor"). WITNESSETH WHEREAS, the Commission desires to determine the value of the real estate commonly known as the Blackthorn Golf Course located within the City of South Bend and will need appraisals of said real estate (the "Services"); and WHEREAS,the Contractor has experience and expertise in appraising real estate being used as a golf course; and WHEREAS,the Commission has determined that due to the Contractor's experience and expertise, it is in the best interests of the Commission to retain the Contractor to provide the Services with which the Contractor possesses both the experience and knowledge; and WHEREAS,the Contractor is willing to provide the Services subject to the terms and conditions of this Contract. NOW THEREFORE, for and in consideration of the mutual covenants and promises contained herein,the Commission and the Contractor hereby agree as follows: Section 1. Duties of the Contractor. The Contractor shall provide the Services which are more particularly described at Exhibit"A" attached hereto and incorporated herein. The Contractor shall execute its responsibilities by following and applying at all times the highest professional and technical guidelines and standards. Section 2. Consideration. The Contractor will be paid as set forth at Exhibit"A". Payment shall be due upon delivery by the Contractor to the Commission of the written appraisal. The total consideration under this Contract shall not exceed the sum of Six Thousand Nine Hundred and 00/100 Dollars($6,900.00). Any payment that the Commission may deny or withhold or delay shall not be subject to penalty or interest under Indiana Code § 5-17-5. Section 3. Term. This Contract shall be effective for a period of Sixty(60)days beginning on the date of written notice to proceed given to the Contractor, (the"Effective Date")and shall end Sixty(60) days following(the"Expiration Date"). Section 4. Renewal Option. The Parties may mutually agree in writing to extend the term of this Contract subject to the same terms and conditions set forth in this Contract unless otherwise mutually agreed by the Parties in writing.