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HomeMy WebLinkAboutSecond Amendment to Construction, Easement, Restriction and Operating Agreement - AFP111 Corp.a a 0 a SECOND AMENDMENT TO CONSTRUCTION EASEMENT RESTRICTION AND OPERATING AGREEMENT This Second Amendment to Construction, Easement, Restriction And Operating Agreement (this "Amendment") is made and entered into effective as of , 2017 ("Effective Date"), by and among AFP III Corp., ("AFP") a Delaware corporation, with its principal office at 9 Park Place, 4`h Floor, Great Neck, NY 11021, PWA South Bend, LP, a Pennsylvania limited partnership ("PWA"), a Minnesota limited partnership, with its principal office at 4900 Perry Highway, Suite 300, Pittsburg, PA, 15229, the City of South Bend Department of Redevelopment by and through the South Bend Redevelopment Commission (the "Commission" or "Agency"), with its principal office at 1400 S. County -City Building, South Bend, Indiana 44601, the City of South Bend, acting by and through its Board of Public Works, with offices at 1300 N. County -City Building, South Bend, Indiana 46601, and The South Bend Civic Center Board of Managers, with its principal office at 120 South St. Joseph Street, South Bend, Indiana 46601. WHEREAS, Jenna Hotel Investments, LLC, a Delaware limited liability company ("Jenna") and First Bank Center Limited Partnership, a Minnesota limited partnership ("Center"), previously were the parties to that certain Construction, Easement, Restriction and Operating Agreement dated as of May 1, 1987, and recorded May 9, 1989, as Document No. 8911535 in the office of the Recorder of St. Joseph County, Indiana amended by the First Amendment to Construction, Easement, Restriction and Operating Agreement dated August 4, 2011 and recorded August 11, 2011 as Document No. 112.0677 in the Office of the Recorder of St. Joseph County, Indiana (the "Walkway Agreement"), pertaining to the operation, maintenance, repair and of the Walkway, Century Center Access Corridor, Hotel Access Corridor, Access Hall, Access Elevator and related on -site improvements (as defined in the Walkway Agreement, and hereinafter referred to as "Walkway Elements"); and WHEREAS, AFP has succeeded to Jenna's interests and has expressly assumed all obligations of Jenna under the Walkway Agreement from and after the Effective Date; and WHEREAS, AFP has expressly assumed all obligations of Jenna from and after the Effective Date under that certain Operation, Maintenance and Easement Agreement dated as of October 22, 1979, which was amended by a First Amendment thereto dated as of January 12, 1982, a Second Amendment thereto dated as of May 1, 1987, a Third Amendment dated as of December 28, 2010, a Fourth Amendment dated August 4, 2011, and a Fifth Amendment dated February 7, 2013 (collectively, the "Operations Agreement"), pertaining to the operation, maintenance and repair of the Common Facilities (as defined in the Operations Agreement); and WHEREAS, the parties wish to continue to provide for the operation, maintenance, repair and use of the Walkway Elements, as hereinafter provided; and WHEREAS, the parties hereto now desire to amend the Walkway Agreement. NOW, THEREFORE, in consideration of the above, the parties agree as follows: -1- 43413-0015/135324970.4 l . The above recitals to this Amendment are hereby incorporated into and made a part of this instrument. 2. All references to "Jenna" or any other immediate assignees or predecessors in interest or title to Jenna, in the Walkway Agreement shall hereafter be amended to be "AFP." 3. Section 13 of the Walkway Agreement is hereby amended and restated as follows: 13. Notices. Any notice, demand, consent, approval, payment or other document or instrument required or permitted to be served upon any of the parties hereto shall be in writing and shall be either (i) delivered by hand, (ii) mailed by United States registered mail, return receipt requested, postage prepaid, (iii) sent by a reputable, national overnight delivery service (e.g. Federal Express), or (iv) sent by facsimile or email (tiOth the original being sent by one of the other permitted means or by regular United States mail) and addressed to each party at the applicable address set forth Herein. Any such notice, request, or other communication shall be considered given or delivered, as the case may be, on the date of hand delivery (f delivered by hand), on the third (3"d) day folloiving deposit in the United States mail (if sent by United States registered mail), on the next business day following deposit ivith an overnight delivery service with instructions to deliver on the next day or on the next business day (if sent by overnight delivery service), or on the day ,rent by facsimile or email (if sent by facsimile or email, provided the original is sent by one of the other permitted means as provided in this paragraph or by regular United States mail). Connnission and Agency: Executive Director Department of Community Investment 227 West Jefferson Blvd. — Suite 1400 S. South Bend, Indiana 46601 Facsimile: (574) 235-9021 With copies to: South Bend Legal Department Attn: Corporation Counsel 227 West Jefferson Blvd Suite 1200 S South Bend, IN 46601 Facsimile: (574) 235-7670 City: Executive Director Department of Public Works 227 West Jefferson Blvd. — Suite 1300 N. South Bend, Indiana 46601 Facsimile: (574) 235-9021 With copies to: South Bend Legal Department Attn: Corporation Counsel 227 West Jefferson Blvd —Suite 1200 S. South Bend, IN 46601 -2- 434f 3-0015r 135324970.4 Facsimile: (574) 235-7670 AFP AFP III Corp. 9 Park Place, 41h Floor Great Neck, New York 11021 (516) 466-6464 Attn: Michael McCurdy Facsimile: (516) 829-4301 Email: Mmccurdy@unitedcapitalcorp. net With a copy to: AFP III Corp. 9 Park Place, 4th Floor Great Neck, New York H 021 (516) 466-6464 Attn: Rochelle Laufer, Esq. Facsimile: (516) 829-4301 Email: Rlaufer@unitedcapitalcorp. net PWA: PWA South Bend, LP 4900 Perry Highway, Suite 300 Pittsburgh, PA 15229 Attn: Email: With a copy to: Cressy & Everett 4100 Edison Lakes ParkAwy, Suite 350 Mishawaka, IN 46545 Attn: Nicole Read Entail: Board of Managers: The South Bend Civic Center Board of Managers Century Center 120 South St. Joseph Street South Bend, Indiana 46601 Telephone: (574) 235-9711 Facsimile: (574) 235-9185 With copies to: South Bend Legal Department Attn: Corporation Counsel 227 West Jefferson Blvd — Suite 1200 S. -3- 43413-0015/135324970.4 South Bend, IN 46601 Facsimile: (574) 235-7670 Any party hereto may change the name and address of the designee to which notice shall be sent by giving written notice of such change to the other parties as provided above and t0thout recording and amendment to this Agreement. 4. The parties acknowledge assignment of the Walkway Agreement to AFP by Jenna, and AFP expressly assumes all obligations of Jenna under the Walkway Agreement from and after the Effective Date. 5. The South Bend Civic Center Building Authority ("Authority") has joined in the execution of this Amendment to confirm that the Authority's agreement as to the matters contained in Section 30 of the Walkway Agreement shall extend to and include the terms and conditions of this Amendment. 6. This Amendment may be executed (by facsimile, digital or other electronic means) in several counterparts, all or any of which shall be regarded for all purposes as one original and shall constitute and be but one and the same instrument. 7. The Walkway Agreement remains in full force and effect and is in all respects hereby ratified and affirmed, except as amended hereby. 8. Consistent with Section 28 of the Walkway Agreement, this Amendment shall be recorded among the appropriate public records of the State of Indiana. -4- 43413-00151135324970.4 IN WITNESS WHEREOF, the undersigned have executed this Second Amendment to Construction, Easement, Restriction and Operating Agreement as of the date first above written. PWA SOUTH BEND, LP., a Pennsylvania limited partnership, as successor to First Bank Center Limited Partnership, a Minnesota limited Partnership By: _ Name: Title: Attest: Name: Title: -5- 43413-0015/135324970.4 AFP Ill CORP., a Delaware corporation By: Name: Title: Attest: Name: Title: _{_ 43413-00151135324970A SOUTH BEND REDEVELOPMENT COMMISSION, as to itself and on behalf of the City of South Bend Department of Redevelopment B Name: Title TYf Attest: NamelmaArE. Title: I f Are In Jr THE SOUTH BEND CIVIC CENTER BOARD OF MANAGERS By: Name: Title: Attest: Name: Title: -7_ 43413-0015/135324970.4 CITY OF SOUTH BEND, by its Board of Public Worms By; /'J" c Name: G4g q A t Title: By. - Name: � -CyQcSr 'DoA AL) - Title: 11�0 -AR 0 Ot3AA13E- By:� Name: —�6 Title: po'ya) By: _ . Name: Title: By: Name: Title: a Attest:ry Name: z1k) 6:�, A4 ,-Al Title:- ..g_ 43413-0015/135324970.4 STATE OF ) ss: Before me, the undersigned, a Notary Public in and for said State, personally appeared, and acknowledged the execution of the foregoing Second Amendment to Construction, Easement, Restriction And Operating Agreement on this _ day of , 2017. Witness my hand and notarial seal. (SEAL) (Written Signature of Notary Public) (Printed Signature) My Commission Expires: _ My County of Residence is: _9_ 43413-0015/ 135324970.4 STATE OF NEW YORK ) ss: COUNTY OF } Before me, the undersigned, a Notary Public in and for said State, personally appeared , the President of AFP 111 Corp. and acknowledged the execution of the foregoing Second Amendment to Construction, Easement, Restriction And Operating Agreement on this _ day of , 2017. Witness my hand and notarial seal. (SEAL) (Written Signature of Notary Public) (Printed Signature) My Commission Expires: My County of Residence is: -10- 43413-0015/135324970.4 STATE OF INDIANA ss: ST. JOSEPH COUNTY M ore me, thp undersigned, a Notary Public in and for said State, personally appeared , the 'Le A 4 � L of the South Bend Redevelopment Commission, the governing body of the City of South Bend Department of Redevelopment, and acknowledged the execution of the foregoing Second Amendment to Construction, Easement, Restriction and Operating Agreement on this day of �, 2017. MARY C. BRAIINSKY SEAL) Seat Notary Public - State of Indiana St Joseph County My Commission Expires Doe 12. 2024 Witness my hand and notarial seal. {Written�ignature o Notary Public) My Commission Expires: em bfr ? My County of Residence is: A t- Sri (I UN-1 OSKY (Printed Signature) - 11 - 43413-0015/135324970.4 STATE OF INDIANA } ss: ST. JOSEPH COUNTY ) Before me, the undersigned, a Notary Public in and for said State, personally appeared , the of the South Bend Civic Center Board of Managers, and acknowledged the execution of the foregoing Second Amendment to Operation, Maintenance and Easement Agreement on this _ day of , 2017. Witness my hand and notarial seal. (SEAL) (Written Signature of Notary Public) (Printed Signature) My Commission Expires: My County of Residence is: -12- 43413-0015/ 13 5324970.4 STATE OF INDIANA ss: ST. JOSEPH COUNTY Before me, the Nndersigned, a Notary Public in and for said State, personally appeared 8Vg G(Lo-r , the ESdO6yt , of the Board of Public Works of the City of South Bend, Indiana, and acknowledged the execution of the foregoing Second Amendment to Construction, Easement, Restriction and Operating Agreement on this q day of A�A q , 2017. Witness my hand and notarial seal. (SEAL) CWr'tten Signature of Not4y Public) //V Dot �, ��( [i-r tJ LINDA M MARTIN My Commission Expires: Notary Public = Seal My County of Residence is: e of Indiana OMMIsslsn Expires dun 28, 2020 -13- 43413-0015/135324470A