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c C_<<~ <br />CBRE (Bradley <br />C8 RICHAR6 FLLIS <br />202 S. h/iichiyan Street <br />Suite 900 <br />South Bend. IN 4660 <br />574-237-6000 <br />574-237-6001 Fax <br />August 17, 2009 <br />Mr. Don Inks <br />106 N. Main St. <br />South Bend, IN 46601 <br />RE: Letter of Intent to Lease space at 121 S. Michigan Street <br />Dear Don: <br />we^~~~n~.cbre.cam/southbend <br />Below please find an outline reflecting the tei-~ns necessary for the Redevelopment <br />Commission to enter into lease negotiations. If these tei7ns are acceptable to you, please <br />sign the LOI and return along with business plan and financials. All terms outlined <br />below are subject to final review and approval of the Redevelopment Commission. We <br />look forward to working with you. <br />TENANT: Spark Fine Stationary <br />BUSINESS USE: Retail sale of stationary, gifts and related items. <br />PROPERTY: 121 S. Michigan Street <br />South Bend, IN 46601 <br />PREMISES: 1,423 Square Feet in the Michigan Street Shops at <br />the address specified above. <br />TERM: Three (3) years, commencing upon Lease <br />Execution. Possession shall September 1, 2009 or <br />upon execution of a temporary occupancy <br />agreement. <br />OPTION: Two (2) Three-year tei-~ns. Rent increase for each <br />tlu•ee year te~7n will be capped at $1.00 p.s.f per <br />year. <br />