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09-11-14 Redevelopment Commission Meeting
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6A1 MOU
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(d) The Commission agrees that it will offer the Project Parcel for <br /> disposition pursuant to Section 22 of the Act and provide in the Offering Sheet required <br /> by such Section 22 (the "Offering Sheet") that the Project Parcel must be used for a <br /> project similar to the Project and must be used in connection with the operation of the <br /> Team. <br /> (e) Subject to the completion of the disposition process required by <br /> Section 22 of the Act set forth in subparagraph(d) above and following completion of the <br /> necessary subdivision approvals to establish the Project Parcel as a legally subdivided lot, <br /> the Company agrees to acquire the Project Parcel for nominal consideration. <br /> (f) Upon completion of the subdivision process to establish the Project <br /> Parcel as legally subdivided lot, the Board of Works and the Park Board agree to adopt <br /> substantially identical resolutions pursuant to Indiana Code 36-1-11-8 for the purpose of <br /> agreeing to the Board of Works, acting for and on behalf of the City, conveying its <br /> interest in the Park Parcel, but excluding the Project Parcel,to the Park Board. <br /> (g) The Parties agree to enter those written agreements necessary to <br /> ensure the use and access to various parcels of real property for parking related to the use <br /> and operation of the Stadium by the Company. <br /> 4) Access to the Project Parcel for Construction. The Park Board, the Board <br /> of Works and the Commission agree that, for the Company to complete the Project so that the <br /> Project is available to the Team at the start of its 2015 season, the Company must have access to <br /> the Project Parcel on or before October 1, 2014. In order to provide the Company with <br /> sufficient access to the Project Parcel, the Board of Works agrees to grant the Developer a <br /> license prior to such date (i) over the Project Parcel to permit construction of the Project and <br /> (ii) over the Park Parcel to provide access as necessary to the Project Parcel to permit <br /> construction on the Project Parcel. The grant of such licenses by the Board of Works to the <br /> Company shall be set forth in a license agreement substantially in the form set forth at Exhibit D <br /> attached hereto and made a part hereof(or in such other form as mutually agreed). <br /> 5) Cooperation. The Board of Works and the Commission agree to assist the <br /> Company in its efforts to expedite the Project through all required subdivision, zoning, variance, <br /> design, health, safety, construction, and other necessary permits, consents and/or approvals to <br /> complete the Project. Each of the Park Board and the Board of Works, as the case may be, <br /> agrees to file, as owner of the Project Parcel, such applications for subdivision and variances as <br /> may be necessary to effect the property transfers contemplated herein and to provide for the <br /> timely completion of the Project. Notwithstanding the foregoing, none of the Park Board, the <br /> Commission or the Board of Works shall be required to expend any public funds with respect to <br /> any of the foregoing. Each of the Board of Works,the Commission and the Park Board agrees to <br /> coordinate all public announcements and press releases relating to the Project with the Company. <br /> 6) Parking Easement Upon Project Completion. The Company and the Park <br /> Board agree that each will have rights to access property for parking purposes as provided in a <br /> Parking Agreement among the Parties, excluding that portion of the Project Parcel occupied by <br /> the Project. Each agree, that prior to the completion of the Project, each will enter into a Parking <br /> -4- <br /> US.54748561.02 <br />
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