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AGREEPMNT BETV,`EEN <br />THE UNITED STATES OF AMERICA (HEREIN CALLED THE("GOVERNMENT") <br />� � 1 <br />CITY OF SOUTH BEND, INDIANA (F=EIN CALLED THE "CITY) <br />ON PAYMENTS IN LIEU OF TAXES <br />WHEREAS, pursuant to Public No. 849, 76th Congress- the Lanham <br />Act (herein referred to as the "Adt"), the Federal Works Administrator <br />(herein referred to as the "Administrator ") is authorized to develop <br />housing to accommodate persons engaged in.National Defense activities <br />(as defined in the Act); and <br />10MEREAS, the Administrator has authorized the development of <br />such housing, consisting of approximately 500 units to be located on <br />two sites, one site lying wholly within the City of South Bend, <br />Indiana, and the other lying partially within and partially adjacent <br />and contiguous to the City of South Bend, Indiana (identification <br />No. Ind -12021 and herein referred to as the "Development "); and <br />VJHEREAS, it is contemplated by the parties hereto that the <br />portion of the one site of the Development now lying without the <br />corporate limits of the City of South Bend, Indiana, will be annexed <br />to the City of South Bend, Indiana, during the construction and prior <br />to the completion of the Development; and <br />VJIIEREAS, by virtue of the fact that the Development and land <br />acquired or to be acquired in connection 'therewith and the improve- <br />ments thereon are owned or are to be owned by the Government, such <br />land and improvements are or will be exempt from taxation by the City <br />of South Bend, Indiana, (hereinafter referred to as the "City "), and <br />by all other political subdivisions of the State of Indiana; and <br />t;!HEREAS, the Administrator, by virtue of Section 9 of the Act <br />is authorized to enter into agreements to pay annual sums in lieu of <br />taxes and the Administrator is willing to make certain payments in <br />lieu of taxes to the City and to other political subdivisiot= in <br />which the Development is situated; , <br />NOVI, THEREFORE, THIS AGREMENT P ITNESETH:* <br />That in consideration of the mutual covenants and conditions <br />hereinafter set forth, the parties hereto agree as r„1107rs, <br />