Approving the Exercising of an Option of a Lease by City of South Bend & Drummey Cartage Co.

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L E A S E THIS INDENTURE OF LEASE made and executed in duplicate counterparts, each of which shall constitute an original, this 20th day of June, 1962, by and between DRUMMEY CARTAGE CO., INC., an Indiana Corporation, hereinafter called Lessor, and the MUNICIPAL, CITY OF SOUTH BEND, a municipal corporation, hereinafter called Lessee, WITNESSETH. That: 1. Lessor hereby leases unto the Lessee, subject to and upon the terms hereinafter stated, on a month to month basis, begin - ing on the 15th day of June, 1962, the use and enjoyment of all and singular the garage building attached to a nd a part of the premises at 412 East Tutt Street, as well as the exclusive right to park vehicles on the paved area east of the frame dwelling situated imme- diately east of 412 East Tutt Street, all in the City of South Bend, Indiana, for a monthly rental of Three Hundred Twenty -five ($325. 00) Dollars per month, each month's rental to be payable in advance, commencing on the 15th day of June, 1962. Said month to month rental shall be terminated by either party on one month's written notice. 2. Lessor agrees to provide heat for said above demised premises as well as all other utilities at the Lessor's expense. 3. If this lease has not been terminated as above provided and is still in existence on January 1, 1963, the Lessee shall have and the Lessor hereby grants to the Lessee the option of two consecu- tive one -year terms from January 15, 1963 to January 14, 1964 and from January 15, 1964 to January 14, 1965 for a rental for each one -year