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PARKIi~rG C:ARAGE 1VIAiVAGEI~IENT <br />SERVICES AGREEIti~ENT <br />LF:IGHT®~V GARAGE <br />i~1AIN S'I'R~ET GARAGE <br />`'b'Al'NE STREE"I' GAI2A~eE <br />TIiIS PARKING GARAGF.:~1ANAGEMF:~~T SERVICl~.S AGREEt1'I~NT <br />the or this ".Agreement) is entered into on t91e lst day of _February 2009 ~~ <br />and bzhn~een 'I'IIE CI'C 1' OF SO[;TI-6 SE\D REDEVELOPMI~:N'I' COl/1:41ISSION, <br />organized under a~ad operating pursuant to the laws oP the State of Indiana (the <br />'`Cotnmission'~), and AF~IPCO S~'STED~I PARKING, a California coiporatioa~, <br />~ufthorizcd to do business in tha Stag of Indiana (the `'Operator`). <br />1) Location: ~1'his Agrceu~ent pef#ains tt~ each of the parking garages (coElecti~-ely, <br />the '~Garages~`) leased aud,'or operated by the Conuniss±orf, .z]1 in Ylae City of South <br />Bend. (ndiana, and located ai: <br />] i7-13J South 1~Tichigan Street (the `Leighton Garage"~ <br />126 Non11 ~'Iaif: Street (the "Main Street CTarage"j <br />121 East Wayne Street {the. "4Vaync Street Uarage") <br />2) Term: The terfn of this :Agreefnent sl~fzil be three (3) }cars, cvfumencing ur. <br />Febru~fry~ 1, 20179, afad effdiug nn January 31, ZL?1?. In (>rder Co pcrnlit the <br />Commission to comply ~~ith Section lU~ and I4( of the Internal Revcnuc C(ide of <br />198b, as atne_ldcd, and the regulations promulgated pursuant thereto, the nafrties <br />agree that the Commission sha11 have an absolute right to tentdnate this <br />Agreemer.T fbr any reason ~ard without cause or penalt}'. ~-lo~y~aver, this <br />Agreement may atso be terminated by either party, with or ~.viYhout cause, upon <br />thirty (30} days written notice of canoellatiou. The Operator covenants That it ~~~ill <br />^o; take any actiofi or fsil to take any action, drat to-puhl result in the loss of the <br />exclusion frcnl riross iflcome f~~r federal tax purposes o#~ interest (>n bonds issued <br />and otitstandin~~ for the parking garages described herein. 'i'he Operator further <br />covenants and other~ti-Ise agrees to enter into anl~ amendment o4~tlfis Agreement or <br />otherwise Serrflinato this Agreement in order to pr<~~ent the loss of the exclusion <br />from gross income for federal tax pu;Ex~scs of interest nn the aforementioned <br />~i(lfldti. <br />3) ~~se: The Garages shall be used exclusively fin fhe harking of licensed motor <br />(vehicles and related nufpus~s, The Operator shall: <br />a) h,4anagc and operate the parking services at the Garages; <br />h) Furnish the personnel for the operation of the Garages, including= evening <br />attendarl~; <br />c1 Collect parking receipts .and make deposits as hareinafter provided; <br />J <br />