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

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property in a rede~~e]opment area designated as bli~~hted must be reasonable, appropriate and necessa;~~ to accomplish the development plan for the area. Relocation payments shall be made in accordance With Unifornl Relocation Assistance and Real Property Acquisition Policies Act of 1970 and the Commission's Relocation Police and, ~-here applicable, shall require submission of im~oices to the Commission related to moving expenses, etc. SIIHF has experience and know°Icdge in property acquisition a~~d de~~elopment and shall pro.°ide its ser~'ices to the Commission in accordance ~~,ith this Agreement. In addition to the terms and conditions set forth in the AL~reement and the requirements of IC 75-7-]4, et seq., the follo~a~~ng procedures have been mutually established and agreed upon b}~ SBHF and the Commission: 1. Prc~err` Acquisition: (aj II'illi~~~ Seller: (J) SI3I-IF shall he responsible for bringing to the Commission for its consideration SJ3I-IF~s recommendation of two (2) independent appraisers v,~th ~~°hom the Commission ~dll contract. In malting its reconunendation. SBHF shall obtain at ]east three (~) quotes from qualified appraisers and the Commission shall select tv~~o (2) appraisers. In accordance. ~~-ith Indiana Code ~ ~6-7-]4-J9, the appraisals are for the inforn~ation of the Commission and arc not open for public inspection. (Z) At the recommendation of ST3HF, provided that acquisition of the propert~~ is reasonable, appropriate anc necessary to accomplish the Development Plan, the Commission sill add the subject propem= to its acquisition Iist at the price to he offered established b}' the average of tti~~o (2) independent appraisers. (3) At the recommendation of SBHF, the Commission ~~'ill tender a purcl~sse offer to the propem° o~~»er in the prescribed form and thereafter. SB]IF shall negotiate diiectly ~~~ith the propem o~a~ner. (4) In accordance s~,~th SECT10'~ 2.0 of the A~~rcement. SBNF shall act as the Commssion's agent in obtaining su;~~ey and title ~s~ork for the sahject pmpcm~ and shall execute such a~~reements as are necessan~ on behalf of and as agent :or the Commission. (~l SBHi' shall be responsible for n.al:in~~ recommendations t~~ the Corrunission concerning relocation benefits and other actions incidental to the pmnert~~ acquisi?ion a:~d, upon such recommendatior, b~~ SBHF, the Commission s'nall execute such agreements. (() SBHF shall upon direction from the Commission, cause the transaction to be closed. iL1':P),-..,i'i<O~..CTSV.l4. ~~Sliili-~~L ~. Iu=L.t'.'~7 A'=~~F,~_.D'1C