6.D.(1) Contract with South Bend Heritage

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E~FIIBl7 "B" Project Acti~~itics and Procedure for Accomp[ishinb Certain Project Actin°ities I. PROJECT ACT11'ITIES. `'Project Acti~~ities`~ for purposes of this Agreement are those sere°ices pro~~ided b~ o~ throu~~h SI3III= utilizing the TIF Re~°enues identified in t}us Agreement for redevelopment acti~~ities conducted within the ~~'est ~>,'ashington-Chapin Development .Area that are consistent v~•ith and essential to accomplishing the Vr'est ~~'ashingrton-Chapin Development Area Development Plan under the au1}iort~~ of the South 13cnd Redevelopment Commission. The permitted use of TIF Revenue b}~ SI3HF includes costs and expenses associated ~~th the followin~~ Project Activities: (a). Real property acquisition costs and related costs and expenses neccssan° to accomplish carne including curve}'s, appraisals, title work. environmental studies, rind other due diligence activities incidental to the transaction as Fell as closing costs, recordinct fees related to same: (b) Residential and commercial relocation expenses in accordance ~s~th the Uniform Relocation Assistance and Real Propert}° Acquisition Policies Act of ]970 and the Cornntission's Relocation Policy; (c) Demolition of structures and site clearance; and (d) ,'~9aintenance of properties acquired under this Agreement including. but not limited to; costs associated with maintaining and securing said proper}° in compliance with local ordinances and regulations, as pro~~idcd in this Agreement. lice of "I-IF Revenues b~ S13HF for am' use not described abo~-e shaI] he permitted only upon prior v~7-itten consent of the Commission, which such appro~•al shall not be unreasonabl~° ~~-ithhcl d. Ii. PROCEDURES FOR ACCO'v9PLlSH1'tG CEI2TA11\ PROJECT ACTJ~'ITIES. Le«al Requirements For ProPerTv .Acquisition: 'The ponies ackno~~ledge that Commission is required to comply ~r•ith ]C 36-7-] 4-19 concerning acquisition of real propem~ which includes the obligation u~: (i) appro~~e and adopt a ]istin~~ of iiaterests in propem~ to be acquired. (ii) obtain t~~~o (2j independent appraisals of fair market ~~alue, (iiil submit a purchase offer to the propem~ o~~ner in the form prescribed br statute: and (;~~) negorate for the purchase of the propert~~. All propem~ interests acquired shall he iiee and clear of all liens, assessmems grad ether goverrm~enta] charges except for current pmpem~ taxes ~~~?sich are prorated to the date of closin~~. The Commission takes title to property b~ ~e~a:;ant~~ deed tendered in the name of the `'Cit1~ of South Bend, for the use and benefit of its Department of Rede~~e)opment"..Acquisition of H. F'P... L,! r0"C-.-S\1'V^.'C-S,4-3ilFlIP..~ I;LG'~"I;~..~ A-[ i41~_.IiOC