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HomeMy WebLinkAbout6B(1)~~ ~ ~~~ ~ c~pUTH 6 ~ O gl~,il~l/;%~4O Community & Economic Development ~'~~~v~~ J865_ ~ 1200 County-City Building, 227 West Jefferson, South Bend, Indiana 46601-1830 Phone 574/235-9371 Fax 574/235 9021 To: Redevelopment on mi i n and Board of Public Works From: Ann Kola Subject: Brownfields Cleanup Revolving Loan Fund -Approval of Loan Agreement, Promissory Note and Grant Agreement -Environmental Remediation at 1100 Prairie Avenue Date: August 2, 2010 The attached documents finalize asub-grant and a loan fi-om the City of South Bend to the South Bend Redevelopment Commission for Environmental Remediation at the former Studebaker foundry located at 1100 Prairie Avenue. The sub-grant is in the amount of $160,000 and the Loan is in an amount not to exceed 5500,000. These funds were awarded to the City of South Bend by the U.S. EPA. The remediation will address environmental issues associated with the demolition of the former Foundry. The Board of Public Works gave preliminary approval of the sub-grant and loan on January 1 1, 2010. Please contact me at 235-9374 or akolata~southbendin.~~o~~ if you have any questions. PROMISSORY NOTE FOR VALUE RECEIVED, the undersigned South Bend Redevelopment Commission (the "Borrower"), the governing body of the City of South Bend Department of Redevelopment under the provisions of Ind. Code § 36-7-14, hereby promises to pay to the order of the City of South Bend through the Board of Public Works (the "City''), in immediately available funds, the principal sum of $500,000, with interest at the rate of 0%, during the term of the Brownfields Cleanup Revolving Loan Fund Agreement (the "Loan Agreement") dated as of August 9, 2010. All of the terms and conditions of the Loan Agreement are by reference thereto, incorporated herein as part of this Note. The term of the loan shall be for a period often years between the City and the Borrower commencing on August 9, 2010 and to be paid in full no later than August 9, 2020, according to the schedule of payments attached hereto and incorporated herein as Exhibit A. This Note is issued pursuant to and secured by the Loan Agreement, and is entitled to the benefits, and is subject to the conditions thereof. The obligations of the Borrower to make the payments required hereunder shall be absolute and unconditional without any defense or right of set-off, counterclaim or recoupment by reason of any default by the City under the Loan Agreement or under any other agreement between the Borrower and the City or out of any indebtedness or liability at any time owing to the Borrower by the City or for any other reason. Reference is hereby made to the Loan Agreement for a description of the property thereby secured, the nature and extent of the security for this Note and the right of the holder thereof, the Borrower and the City in respect thereof, and the provisions for amending the Loan Agreement, to all of which the holder hereof, by its acceptance hereof, assents. The principal of this Note is subject to prepayment prior to maturity in the manner stated in the Loan Agreement. No recourse shall be had for the payment of the principal or prepayment price of, or interest on this Note, or for any claim based hereon or on the Loan Agreement, against any officer, director or member past, present or future, of the Borrower as such, either directly or through the Borrower, under any constitutional provision, statute or rule of law, or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise. The Borrower hereby unconditionally waives diligence, presentment, protest, notice of dishonor and notice of default of the payment of any amount at any time payable to the City under or in connection with this Note. All amounts payable hereunder are payable with reasonable attorneys fees and costs of collection and without relief from valuation and appraisal laws. In any case where the date of payment hereunder shall be a Saturday, Sunday or legal holiday or a day on which banking institutions are authorized by law to close, then such payment shall be made on the following business day with the same force and effect as if made on the date of payment hereunder. All terms used in this Note which are defined in the Loan Agreement shall have the meanings assigned to them in the Loan Agreement. IN WITNESS WHEREOF, the Borrower has caused this Note to be duly executed and attested by its duly authorized officers as of , 2010. Issue Date: , 2010. CITY OF SOUTH BEND, For the Use and Benefit of Its DEPARTMENT OF REDEVELOPMENT Printed Name Signature Date South Bend Redevelopment Commission ATTEST: Printed Name Signature Date South Bend Redevelopment Commission Exhibit A -Schedule of Payments August 9, 2010 through August 8, 2016: Payments deferred. No payments due from the Borrower to the City. August 9, 2016: ~ 100,000.00 due. August 9, 2017: 100,000.00 due. August 9, 2018: $100,000.00 due. August 9, 2019: 100,000.00 due. August 9, 2020: S 100,000.00 due. r~ ~ / I BROWNFIELDS CLEANUP REVOLVING LOAN FUND GRANT AGREEMENT THIS AGREEMENT (the "Agreement") is made and entered into on this day of 2010, by and between the City of South Bend, a municipal corporation organized under the laws of Indiana as a home rule city acting by and through its Board of Public Works, ("City''), and the South Bend Redevelopment Commission ("Commission"), existing and operating under the authority of Ind. Code § 36-7-14. RECITALS A. The City is the recipient of federal funds ("Grant Funds") distributed through the United States Environmental Protection Agency ("EPA") Brownfield Cleanup Revolving Loan Fund ("RLF") Program and is authorized to make certain grants from these funds. B. Grant Funds are to be used to undertake cleanup of brownfields sites, as defined in Section 101(39) of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), 42 U.S.C. § 9601(39) ("Brownfield Sites"), by making low interest loans and grants to parties willing to undertake cleanup of these sites. C. The City and the Commission have entered into an agreement concerning the redevelopment of 1 l 00 Prairie Avenue, South Bend, Indiana 46601, an area consisting of approximately l 9.2 acres of land located within the City ("Property"), more particularly described in Exhibit A, attached hereto and incorporated herein. D. The City has agreed to grant to the Commission certain of the Grant Funds which will be used by the Commission for a portion of the remediation of the Property (the "Remediation Work"). A "Remediation Work Plan" ("Work Plan") has been prepared and is attached hereto and incorporated herein as Exhibit B. E. An eligibility evaluation for the Property was prepared by the Commission on January 1 1, 2010, which demonstrates qualification of the Property for consideration of funding through the RLF Program, a copy of which is attached hereto and incorporated herein as Exhibit C. F. On January 19, 2010 the City forwarded to EPA its determination that the Commission is a separate legal entity distinct from the City and is eligible for asub-grant in connection with an RLF grant from the City and on January 20, 2010 EPA accepted this determination. G. The Commission is not responsible for the contamination on the Property and the due diligence activities conducted prior to the Commission's purchase of the Property satisfy CERCLA's landowner liability protections and Section l Ol (35)(B)(i)(I) of CERCLA. H. The City and the Commission carried out all appropriate inquiries into the previous ownership and uses of the Property in accordance with generally accepted good commercial and customary standards and practices. I. On January 20, 2010, the EPA notified the City that they agreed with the City's Hazardous Waste Site Eligibility Determination and that the Property is a Brownfield Site and the Commission is not a Potentially Responsible Party ("PRP"), as that term is used in, and in connection with, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), 42 U.S.C. § 9601 et seq. J. The Property was formerly a manufacturing site and is considered a Brownfield site, under applicable State law, until such time as the Remediation Work is complete. K. The Property is not listed, or proposed for listing on the National Priorities List of the EPA. L. The Commission is not a generator or transporter of any waste or hazardous waste located at the Property. M. The Commission is not and has never been subject to any penalties resulting from environmental non-compliance at or on the Property nor is the Commission, or, to the best of its knowledge, its project contractors or subcontractors currently suspended, debarred, or otherwise declared ineligible for participation in this federal program or from the receipt of these funds. N. A claim has not been asserted against the Commission for liability under Section 107 of CERCLA, 42 U.S.C. Section 9607. O. The Commission is not a Potentially Responsible Party under Section 107 of CERCLA, 42 USC Section 9607, because the Commission has documented the BFPP defense to CERCLA liability through materials submitted to EPA on January 15 and January 25, 2010. NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, it is mutually agreed by and between the parties as follows: 1. Incorporation of Recitals. The parties hereby expressly incorporate each of the foregoing recitals (Recitals A through O) as if fully set forth in this section. Grant Funds. 2.1. The City agrees to grant to the Commission the sum of $160,000.00 to be used by the Commission for the Remediation Work (the `'Project Grant Funds'') subject to the terms and conditions herein. 2.2. The Project Grant Funds shall be payable to the Commission as reimbursement for allov~~able expenses incurred by the Commission based upon the progress of the Remediation Work and in accordance with the approved cleanup project budget (the "Budget''), which is attached hereto and incorporated herein as Exhibit D. No reimbursement shall be made to the Commission without the ~~ritten approval of the City. The City shall not advance nor be obligated to advance any Project Grant Funds to the Commission prior to the receipt of properly executed lien waivers. 2 2.3. The Commission understands and agrees that all of the Project Grant Funds provided by the City to the Commission shall be used by the Commission towards the cleanup and remediation of the Property identified in Exhibit A. 2.4. The Commission agrees to use best efforts to keep all expenditures from the Project Grant Funds within the approved Budget. The Commission shall not exceed any of the costs enumerated in the approved Budget without the prior written approval of the City. 3. No Obligation of City. The Commission acknowledges that Cooperative Agreement No. BF-965597-01-2 between the City and the EPA (the "Cooperative Agreement"), is the source of all funds granted hereunder, and that the City is under no obligation to loan any of its own funds for this project. 4. Applicable Laws and Regulations. The Commission shall carry out the Remediation Work in accordance with all applicable state, local and federal laws, regulations, orders, writs, judgments, injunctions, decrees or awards, including but not limited to the following: 4.1. CERCLA. 4.2. Uniform Administrative Requirements for Giants and Cooperative Agreements to States aid Local Governme~zts, 40 C.F.R. Part 31. 4.3. The National Oil and Hazardous Substances Contingency Plan, 40 C.F.R. Part 300, ("NCP"). 4.4. All Applicable Federal "Cross-Cutting Reguiremems "including: 4.4.1. Those federal requirements agreed between the USEPA and the City defined by the Cooperative Agreement. 4.4.2. DBE requirements found at 40 C.F.R. Part 33. 4.4.3. OSHA Worker Health & Safety Standard 29 C.F.R. 1910.120. 4.4.4. The Uniform Relocation Act; Historic Preservation Action. 4.4.5. Endangered Species Act. 4.4.6. Permits required by Section 404 of the Clean Water Action. 4.4.7. Contract Work Hours and Safety Standards Act, as amended (40 U.S.C. 327-333). 4.4.8. The Anti Kickback Act (40 U.S.C. 276c). 4.4.9. Section 504 of the Rehabilitation Act of 1973, as implemented by Executive Orders 11914 and 11250. 4.5. The Davis-Bacon Act o~1931 (CERCLA Section ] 04(g)(1), 40 U.S.C. Section 276a-276a-5 and 42 U.S.C. Section 3222). CERCLA compliance with Davis-Bacon requires payment of Federal prevailing wage rates for construction, repair or alteration work funded in whole or in part with Project Grant Funds. The Commission must obtain recent and applicable wage rates from the U.S. Department of Labor and incorporate them into the remediation construction contract. 4.6. Executive Orde~~ 13202 - "Preservation of Open Competition and Government Neutrality toward Government Contractors' Labor Relations on Federal and Federally- funded Construction Projects." 4.7. Office ofMan~ement and Budget (OMB) Circula~~ No. A-122, "Cost Principles for Non-Profit Organizations." 4.8. Executive Order°s 12549 and 12689 - "Debarment and Suspension." The Commission shall ensure that no contract is made with a party or parties listed on the General Services Administration's List of Parties Excluded from Federal Procurement or Nonprocurement Programs. 5. Front-End Document Certification. The Commission understands and agrees that any and all work performed on the Property for which the Project Grant Funds are used and the receipt of any Project Grant Funds under this Agreement is conditioned upon the Commission's full compliance with the terms and provisions contained in this Agreement, the Cooperative Agreement and the document titled "Front-End Document Certification." The Commission shall ensure that all contracts and subcontracts involving any portion of the Project Grant Funds comply with the "Front-End Document Certification" and the relevant laws and regulations referenced therein, including, but not limited to, the required contract provisions listed at 40 C.F.R. § 31.36(1). 6. Environmental Reports and Project Documents. 6.1. The Commission shall provide the City with a copy of the Phase I and Phase II Environmental Assessment of the Property performed according to the American Society for Testing and Materials (ASTM) standards (collectively. the "Assessment''). The Commission shall be responsible for the payment of all costs and expenses related to the Assessment. The Assessment shall include, but is not limited to site background, the threat posed by the contamination to public health, welfare and the environment and all past enforcement activities conducted by any governmental agency, and the site testing results. 6.2. The City shall designate an environmental project manager ("Project Manager") who shall review and approve of the proposed cleanup and coordinate the work to be performed using Project Grant Funds. The City's environmental project manager will review the Commission's remedial planning. design, and engineering documents and review the cleanup activities as they are on-going to ensure that the cleanup is being completed in accordance with all local, State, and Federal requirements and is protective of human health and the environment. 6.3. The Commission has caused to be prepared a Community Relations Plan ("CRP'') with the assistance and cooperation of the City. The CRP includes the following: 4 6.3.1. Information on previous public involvement in the planning process for the former Studebaker plant and for the use of RLF funds. 6.3.2. Notice of the public comment period on the CRP was published in the South Bend Tribune on February 19, 2010 and February 26, 2010 with the public comment period ending at 5:00 p.m. on Monday, March 8, 2010. 6.3.3. Procedures for the establishment of a local repository at or near the Property that includes information provided by the Commission and the City related to the proposed Remediation Work. The Commission shall supply the City with any additional information that would assist the City in documenting the Remediation Work. 6.4. After the Commission prepared the CRP, the Commission drafted an Analysis of Brownfields Cleanup Alternatives ("ABCA") dated February 17, 2010, which includes information about the Property and contamination issues (i.e., exposure pathways, identification of contaminant sources, etc.); cleanup standards; applicable laws; alternatives considered; and the proposed cleanup. The ABCA includes effectiveness, implementability, and the cost of the cleanup proposed. The ABCA was made available for review and public comment for a period of not less than 15 days from the first date of publication of the public notice. 6.5. Following the public comment period described above, in which no public comments were received, the Commission prepared a document describing the final analysis of brownfield cleanup alternatives (the ``Decision Memo"). The Decision Memo included a statement that the Commission did not receive any public comments on the ABCA and selected the remedial approach proposed in the ABCA. The EPA approved the Decision Memo on March 26, 2010. 6.6. After the ACBA was finalized, the Commission prepared a scope of work containing detailed design and construction plans and specifications for the Remediation Work including a budget and work schedule; a health and safety plan (OSHA 1910-120 - 126) and a quality assurance project plan which sets forth the manner and method of collecting samples to assure the complete removal of all hazardous substances that are located at the Property and are to be removed as a part of the Remediation Work (collectively, such documents are referred to as the "Project Documents") and has submitted same to the City for approval. 6.7. Prior to the initiation of the Remediation Work, including any cleanup activities, the Commission must provide to the City copies of all of the state required remedial planning documents and the state's approval of those documents, if required. 6.8. The awarding of this Grant shall be subject to: 6.8.1. Opinion of the Commission's counsel that the Commission is in good standing and that all documents executed by the Commission are valid and enforceable in accordance with their respective ternls. 6.8.2. Approval of this Agreement by the Commission, agreeing to its terms and authorizing the Commission to accept the Project Grant Funds. 5 6.8.3. Evidence by the Commission that no outstanding taxes, fees, charges, mortgages, liens, encumberances or other assessments have been filed or are recorded against the Property. 6.8.4. Evidence of insurance coverage with limits of liability as determined by the City's Project Manager. All insurance coverage required by this section shall remain in full force and effect during the terns of this Agreement. 6.8.5. Identification of the prime contractor and subcontractor(s) selected by the Commission for the Remediation Work. 6.8.6. The City's receipt of cleanup project cost breakdown based upon estimates and prices supplied by the Commission. 6.9. The City reserves the right to waive any or all of the requirements of Section 6.8. 7. Performance of Work and Payment. 7.1. The Commission shall commence work on the Remediation Work within 30 days from the date of execution of this Agreement and shall complete and perform all of the Remediation Work by December 3l, 2011 in accordance with the approved schedule of work ("Schedule of Work") attached hereto and made a part hereof as Exhibit E. 7.2. All Remediation Work performed pursuant to this Agreement and with Project Grant Funds shall be performed in a good and workmanlike manner. 7.3. The City shall disburse the Project Grant Funds to the Commission no later than 30 days following receipt of a draw request (which draw requests shall not be made more frequently than monthly) and satisfactory documentation of expenditures for the Work. The City and the Commission agree not to unreasonably delay or withhold delivery or payment of draw requests. 7.4. The City may withhold up to ten percent (10%) of each payment requested as a retainage until the Commission has completed the Remediation Work. 7.5. All material changes or modifications to the Remediation Work or the Project Documents shall be approved in writing by the City prior to such change or modification becoming effective. All additional costs incurred, as the result of any change orders shall be the responsibility of the Commission. In the event that unforeseen conditions are discovered during the implementation of the Remediation Work, the Commission reserves the right to revise the cleanup action and the Project Documents. 7.6. The Commission, at its sole cost and expense, and from sources other than Grant Funds, shall be responsible for obtaining all permits, licenses, approvals, certifications and inspections required by federal, state or local law and to maintain such permits, licenses, approvals, certifications and inspections in current status during the term of this Agreement. 6 7.7. The Commission agrees to protect, indemnify, defend and hold harmless, the City, its officers, administrators, agents, servants, employees and all other persons or legal entities to whom the City maybe liable from, for or against any and all claims, demands, suits, losses, damages, judgments, costs and expenses, whether direct, indirect or consequential and including, but not limited to, all reasonable fees, expenses and charges of attorneys and other professionals, court costs, and other reasonable fees and expenses for bodily injury, including death, personal injury and property damage, arising out of or in connection with the performance of any work or any responsibility or obligation of the Commission as provided herein and caused in whole or in part by any act, error, or omission of the Commission, its agents, servants, employees or assigns. 7.8. The Commission shall erect a sign on the Property stating that the Remediation Work is being financed in part by Grant Funds and the City and providing the appropriate contacts for obtaining information on activities being conducted at the site and for reporting suspected criminal activities. The sign erected on the Property shall comply with all requirements of the state and local law applicable to on-premise outdoor advertising as well as 40 CFR Part 35, Subpart O (§35.6105(a)(2)(ii)). 7.9. If the Commission sells or transfers the Property prior to completion of the Remediation Work, then the Commission shall immediately repay the entire amount of Project Grant Funds advanced to the Commission to the City. 7.10. The Commission shall: 7.10.1. Notify the City when the Remediation Work is complete. The notice shall contain certification or documentation that the Remediation Work is complete and has been performed in accordance with the terms of this Agreement. This notice shall summarize the actions taken, the resources committed and the problems encountered in completion of the Remediation Work, if any, and shall be submitted to the City for review and approval before it is finalized. 7.10.2. Perform all of its obligations and agreements under this Agreement, the Cooperative Agreement and any other agreements or instruments to which the Commission is a party and which relate to the Project Grant Funds and the Remediation Work. 7.10.3. Promptly give notice in writing to the City of any litigation pending or threatened against the Commission or the Property arising from the performance of the Remediation Work. 8. Inspection and Riyht to Stop Work. The City shall have the right, but not the obligation, to enter the Property and inspect the Remediation Work at all times during the execution of the Work in accordance with the Plan, and within 30 days following completion of the Work. 8.1. The City shall select a "Site Manager'' to review, oversee and inspect the work in coordination with the Project Manager. 7 8.2. The City may stop the Remediation Work if it is not satisfactory or not substantially in accordance with the Work Plan and order Remediation Work replacement at the Commission's expense. 8.3. The City is not obligated to make any disbursements unless and/or until all Remediation Work is satisfactorily completed and in accordance with the Work Plan as reasonably determined by the City and Site Manager. 8.4. The City shall have the right, but not the obligation, to take any reasonable and appropriate action under the circumstances to cure any violation for the provisions of this Agreement upon written notice of at least 30 days to the Commission and an opportunity to cure. The notice shall include a clear description of the proposed cure and the approximate cost of the same. 8.5. The Commission recognizes that the Site Manager has the ability to stop the Remediation Work immediately in the event of an imminent and substantial threat to human health associated with it. 9. Representations and Warranties. 9.1. The City and the Commission represent and warrant to each other that: 9.1.1. The Property is not listed or proposed for listing on the National Priorities List of the EPA. 9.1.2. None of the parties has disposed of hazardous substances, pollutants or contaminants at or to the Property. 9.1.3. The making and performance by the parties of this Agreement does not violate any provision of federal, state or local law, or result in a breach of or constitute a default under any agreement, indenture or other instrument to which the parties maybe bound. 9.1.4. This Agreement has been duly authorized by the governing bodies of each entity, and has been validly executed and delivered, and is valid and binding on the parties. 9.1.5. There are no pending or threatened actions or proceedings before any court or administrative agency that may adversely affect the financial condition or operation of the parties. 9.2. The Commission represents and warrants as follows: 9.2.1. The Commission certifies that it is not now, and has not in the past, been subject to any penalties resulting from environmental non-compliance at the Property. 9.2.2. Neither the Commission nor its respective officers or contractor(s) retained to conduct the Remediation Work, have within a 3 year period preceding this Agreement been, convicted of or had a civil judgment rendered against them for (i) fraud or commission of a criminal offense in connection with obtaining, attempting to obtain, or performing a public transaction or contract under a public transaction, (ii) violation of federal or state antitrust laws, or (iii) embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements or receiving stolen property. 9.2.3. Neither the Commission nor its respective officers or contractor(s) retained to conduct the Remediation Work are presently indicted for or otherwise criminally or civilly charged by a public entity with commission of any of the offenses enumerated under Section 9.2.2 hereof. 9.2.4. The Commission has not within the preceding 3 years had a public transaction terminated for cause or default. 9.2.5. The Commission is a unit of government validly existing under Indiana Code 36-7-14 and has all requisite power and authority to hold title to the Property and to execute, deliver and perform all of its obligations under this Agreement and the Grant documents. 9.2.6. The Commission is not a generator or transporter of any contamination located at the Property. 9.2.7. The Commission is not a Potentially Responsible Party under Section 107 of CERCLA, 42 USC § 9607 because the Commission has demonstrated the BFPP defense to CERCLA liability through material submitted to EPA on January 15 and January 25, 2010. 9.3. All representations and warranties shall survive the execution of this Agreement. 10. Maintenance of Records. 10.1. The Commission agrees to maintain financial and programmatic records pertaining to all matters relative to this Agreement in accordance with generally accepted accounting principles and procedures and to retain all of its records and supporting documentation applicable to this Agreement for a period of 3 years after the completion of the Remediation Work except as provided in Section 10.2. 10.2. If any litigation, claim, negotiation, audit or other action involving the records has been started before the expiration of the three-year period, the records must be retained until completion of the action and resolution of all issues which arise from it, or until the end of the regular three-year period, whichever is later. 10.2.1. All such records and supporting documents shall be made available, upon request, for inspection or audit by the City or its representatives. 10.2.2. The Commission must receive permission from the City, in writing, prior to destroying any of these records or documents. 9 11. Right to lnsgect and/or Audit. The Commission agrees to permit the City or its designated representative to inspect and/or audit its records and books relative to this Agreement at any time during normal business hours and under reasonable circumstances, upon reasonable notice and to copy them from any information that the City desires relevant to this Agreement. The City shall provide written notice to the Commission prior to the execution of this provision. The Commission agrees to deliver the records or have the records delivered to the City or its designated representative at an address designated by such party within the South Bend city limits. If the City or its representative finds that the records delivered by the Commission are incomplete, the Commission agrees to pay the City or its representative's costs to travel to the Commission's office or other location where the books or records are located to audit or retrieve the complete records. In addition, all grant related documents are subject to 40 C.F.R. Section 31.42(e). 12. Reporting. 12.1. The Commission shall provide the City with the Commission's Dun and Bradstreet Data Universal Numbering System (DUNS) number prior to commencement of the Remediation Work. 12.2. The Commission shall submit a quarterly performance report to the City on or before the fifth (Sty') day of each of the following months: April, July, October and January. Each report shall include: 12.2.1. Documentation of the progress at meeting performance outcomes/outputs for the Remediation Work during the quarter (including the percentage of the Remediation Work complete at the end of the quarter), a narrative summary of quarterly activities, a project time line and an explanation for any slippage in meeting established output/outcomes. 12.2.2. DUNS numbers for each and every contractor, subcontractor and/or vendor performing any of the Remediation Work. 12.2.3. An update on any project milestones occurring during the quarter. 12.2.4. The number and types of jobs created during the quarter and the number of hours worked during the quarter. The Commission shall consult "EPA Summary of OMB`s December 18. 2009 Updated Guidance on Reporting of Job Estimates", which is attached as Exhibit F, for guidance on this reporting requirement. 12.2.5. A budget recap summary page with following headings Current Approved Budget ii. Costs Incurred this Quarter iii. Costs Incurred to Date iv. Total Remaining Funds 10 v. Private investment during the quarter 12.3. The Commission need only submit one quarterly report to the City pursuant to Section 12.2 to satisfy the Commission's reporting obligations under this Agreement and the Loan Agreement executed concurrently herewith (the "Loan Agreement''). Each quarterly report must include all Remediation Work on the Project, whether carried out with Grant Funds pursuant to this Agreement or with funds obtained pursuant to the Loan Agreement. 12.4. The Commission shall ensure that all contractors, subcontractors or any other parties performing the Remediation Work submit reports as necessary to allow Commission to comply with the notice requirements in Section 12.2. 12.5. The Commission shall furnish such other information as the City may from time to time reasonably request. 13. Events of Default. 13.1. In the event of a default of any of the terms or conditions of this Agreement, the entire amount of Project Grant Funds disbursed to the Commission shall become immediately due and payable without the necessity of demand from the City. The Commission shall be deemed to be in default under this Agreement upon the occurrence of any one or more of the following events (each an "Event of Default"): 13.1.1. The Commission assigns this Agreement or any Project Grant Funds advanced hereunder or any interest herein to a third party or if the Property or any interest is conveyed, assigned or otherwise transferred without the prior written consent of the City. l 3.1.2. Any representation or warranty made herein or in any report, certificate, financial statement or other instrument furnished in connection with this Agreement shall prove to be false in any material respect. 13.1.3. The Commission defaults in the performance of any term, covenant or condition to be performed hereunder and such default is not remedied within 30 days, unless a longer period of time is reasonably required to cure the default, from and after receipt of written notice by certified mail, return receipt requested, from the City to the Commission, specifying said default, or, if such default cannot be remedied within that period and remedial effort is not commenced within that period and diligently and continuously pursued, the City shall have the right to proceed by appropriate judicial proceedings to enforce perfornance or observation of the applicable provisions of this Agreement and/or terminate this Agreement and recover damages from the Commission to the extent allowed by law. 13.1.4. Any proceeding involving the Commission or the Property, commenced under any bankruptcy or reorganization arrangement, probate, insolvency, readjustment of debt, dissolution or liquidation law of the United States, or any state, but if such proceedings are instituted, no Event of Default shall be deemed to have occurred 11 hereunder unless the City either approves, consents to, or acquiesces in such proceedings, or such proceedings are not dismissed within 60 days. 13.1.5. An order, judgment or decree is entered, without the application, approval or consent of the City, by any court of competent jurisdiction approving the appointment of a receiver, trustee or liquidator of the Commission of all or a substantial part of its assets, and such order, judgment or decree shall continue in effect for a period of 60 days. 14. Remedies of the City. Upon the occurrence of an Event of Default, the City may exercise, singly or in combination, any or all of the rights, powers and privileges set forth in this Agreement, the Cooperative Agreement and any other agreements or instruments to which the City is a party and which relate to the Project Grant Funds and the Remediation Work, at law or in equity, at any time and from time to time. 15. Secure Site. In the event of Default, the Commission shall secure the Property. The cost of securing the Property is the responsibility of the Commission. If the Commission fails to secure the Property within 24 hours of a Notice of Default, the City may, but shall not be required to do so, at the Commission's sole cost. 16. Interpretation of Contract Documents. To the extent that it is determined that a conflict exists between this Agreement and the Cooperative Agreement, all such agreements and documents shall be construed in such manner as will give the maximum effect to each but, as to any conflict which may not be so resolved, the terms and conditions of the Cooperative Agreement shall control. 17. Miscellaneous. 17.1. No delay or failure of the City shall affect such right, power or privilege; nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or privilege affect such right, power or privilege. The rights and remedies of the City hereunder are cumulative and not exclusive. Any waiver, permit, consent or approval of any kind of the City of any breach or default hereunder, or any such waiver of any provisions or conditions hereof, must be in writing and shall be effective only to the extent set forth in writing. 17.2. The Commission shall not assign or attempt to assign directly or indirectly, any of its rights under this Agreement or under any instrument referred to herein without the prior written consent of the City. The Commission shall not assign all or any portion of the Property made the subject of this Agreement without the prior written consent of the City. 17.3. This Agreement is not intended to create or vest any rights in any third party or to create any third party beneficiaries. 17.4. All amendments to this Agreement shall be in writing and signed by both parties hereto. 17.5. It is expressly understood that a failure or delay on the part of the Commission in the performance, in whole or in part, or any of the terms of this Agreement, if such failure is attributable to an Act of God, fire, flood, riot, insurrection, embargo, emergency or governmental 12 orders, regulations, priority, or other limitations or restrictions, or other similar unforeseen causes beyond the reasonable control of such party, the failure or delay shall not constitute a breach or Event of Default under this Agreement; however, the Commission shall use its best effort to insure that the Remediation Work is completed in a reasonable time without unnecessary delay. 17.6. The provisions of this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 17.7. No failure of either party to exercise any power or right given it hereunder or to insist on strict compliance by the other party with its obligations hereunder, and so custom of practice of the parties at variance with the terms hereof shall constitute a waiver of the other party's right to demand at any time exact compliance with the terms hereof. 17.8. Any notice, consent, waiver, request or other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed given (a) on the same day if delivered personally, (b) 3 business days after mailed if delivered by certified or registered mail, return receipt requested, postage prepaid, (c) one (1) business day after dispatched if dispatched by nationally recognized overnight delivery service, or (d) on the same day if sent by telecopier (subject to obtaining a confirmation receipt), in any event, address to the party's address as follows: TO THE CITY: City of South Bend Board of Public Works 227 West Jefferson Blvd. 1300 County City Building South Bend, IN 46601 Attention: Gary Gilot (or successor) Director of Public Works Telecopier Number: 574-235-9171 TO THE COMMISSION: South Bend Redevelopment Commission 227 West Jefferson Blvd. 120 County City Building South Bend, IN 46601 Attention: Ann Kolata (or successor) Senior Redevelopment Specialist Telecopier Number: (574) 235-9021 With copies to: City Attorney 227 West Jefferson Blvd. 1400 County City Building South Bend, IN 46601 13 Either party may, upon prior notice of 10 calendar days given as set forth above, change its address for all subsequent notices. 17.9. All exhibits mentioned herein shall be deemed incorporated herein by reference as though fully set forth herein. 17.10. The terms and conditions of this Agreement, all exhibits attached hereto and any documents expressly incorporated by reference represent the entire agreement between the parties with respect to the subject matter of this Agreement. This Agreement may not be amended or modified without the written consent of the parties hereto. 17.11. If any part of this Agreement is determined to be illegal or unenforceable, all other parts shall be given effect separately and shall be in effect. 17.12. This Agreement, the Cooperative Agreement and any other agreements or instruments to which the City and/or the Commission is a party and which relate to the Project Loan Funds and the Remediation Work, shall be construed in accordance with and governed by the laws of the State of Indiana except where superseded by federal statutes or regulations. 17.13. The City and the Commission have engaged in negotiations, with opportunity for the advice and benefit of counsel, over the terms of this Agreement and no party has acted as the exclusive drafter of the language of this Agreement and no inference or presumption or application of a rule of contract construction should be made based upon the premise that one party acted more than the other party as the draftsperson of these agreements. 17.14. This Agreement may not be amended, altered or modified unless the party against whom enforcement of any waiver, modification or discharge is sought does so in writing. 17.15. This Agreement will become effective when approved by the Commission and signed by its President and Secretary or Vice President and approved and signed by the Board of Public Works. IN WITNESS HEREOF, the parties have caused this Agreement to be executed in the name and on behalf of each of them (acting individually or by their respective officers or appropriate legal representatives, as the case maybe, hereunto duly authorized) as of the day and year first written above. [SIGNATURE PAGES FOLLOW] 14 COMMISSION: City of South Bend, Department of Redevelopment South Bend Redevelopment Commission By: By: Signature Signatur°e Date 15 CITY: City of South Bend, Indiana Board of Public Works By: Gary A. Gilot, P.E. By: Donald E. Inks By: Cai°l P. Littrell Date 16 ~~ r, C BROWNFIELDS CLEANUP REVOLVING LOAN FUND LOAN AGREEMENT THIS AGREEMENT (the "Agreement") is made and entered into on this day of , 2010, by and between the City of South Bend, a municipal corporation organized under the laws of Indiana as a home rule city acting by and through its Board of Public Works, ("City"), and the South Bend Redevelopment Commission ("Commission"), existing and operating under the authority of Ind. Code § 36-7-14. RECITALS A. The City is the recipient of federal funds ("Grant Funds") distributed through the United States Environmental Protection Agency ("EPA") Brownfield Cleanup Revolving Loan Fund ("RLF") Program and is authorized to make certain loans from these funds. B. Grant Funds are to be used to undertake cleanup of brownfields sites, as defined in Section 101(39) of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), 42 U.S.C. § 9601(39) ("Brownfield Sites"), by making low interest loans and grants to parties willing to undertake cleanup of these sites. C. The City and the Commission have entered into an agreement concerning the redevelopment of 1100 Prairie Avenue; South Bend, Indiana 46601, an area consisting of approximately 19.2 acres of land located within the City ("Property"), more particularly described in Exhibit A attached hereto and incorporated herein. D. The City has agreed to loan to the Commission certain of the Grant Funds which will be used by the Commission for a portion of the remediation of the Property (the "Remediation Work"). A "Remediation Work Plan" ("Work Plan") has been prepared and is attached hereto and incorporated herein as Exhibit B. E. An "Eligibility Evaluation for a Cleanup Application for the Property Located at 1100 Prairie Avenue" vas prepared by the Commission on January 11, 2010, which demonstrates qualification of the Property for consideration of funding through the RLF Program, a copy of which is attached hereto and incorporated Herein as Exhibit C. F. On January 19, 2010 the City forwarded to EPA its determination that the Commission is a separate legal entity distinct from the City and is eligible for a loan from the City in connection with the Grant Funds and on January 20, 2010 EPA accepted this determination. G. The Commission is not responsible for the contamination on the Property and the due diligence activities conducted prior to the Commission's purchase of the Property satisfy CERCLA's landowner liability protections and Section 101(35)(B)(i)(I) of CERCLA. H. The City and the Commission carried out all appropriate inquiries into the previous ownership and uses of the Property in accordance with generally accepted good commercial and customary standards and practices. I. On January 20, 2010, the EPA notified the City that they agreed with the City's Hazardous Waste Site Eligibility Determination and that the Property is a Brownfield Site and the Commission is not a Potentially Responsible Party ("PRP"), as that teen is used in, and in connection with, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), 42 U.S.C. § 9601 et seq. J. The Property was formerly a manufacturing site and is considered a Brownfield site, under applicable State law, until such time as the Remediation Work is complete. K. The Property is not listed, or proposed for listing on the National Priorities List of the EPA. L. The Commission is not a generator or transporter of any waste or hazardous waste located at the Property. M. The Commission is not and has never been subject to any penalties resulting from environmental non-compliance at or on the Property nor is the Commission, or, to the best of its knowledge, its project contractors or subcontractors currently suspended, debarred, or otherwise declared ineligible for participation in this federal program or from the receipt of these funds. N. A claim has not been asserted against the Commission for liability under Section 107 of CERCLA, 42 U.S.C. Section 9607. O. The Commission is not a Potentially Responsible Party under Section 107 of CERCLA, 42 USC Section 9607, because the Commission has documented the BFPP defense to CERCLA liability through materials submitted to EPA on January 15 and January 25, 2010. P. It is anticipated that the Loan Funds will be repaid to the City from Tax Increment Funds. Q. The Commission is executing concurrently herewith a Promissory Note in the fornl of Exhibit D, attached hereto and incorporated herein ("Promissory Note"). NOW, THEREFORE, in consideration of the mutual promises contained herein, it is mutually agreed by and between the parties as follows: 1. Incorporation of Recitals. The parties hereby expressly incorporate each of the foregoing recitals (Recitals A through Q) as if fully set forth in this section. 2 2. Loan. 2.1. The City agrees to make a loan to the Commission in an amount of up to Five Hundred Thousand and 00/100 Dollars ($500,000.00) ("the Loan") to be used by the Commission for the Remediation Work (the "Project Loan Funds") subject to the terms and conditions herein. 2.2. The Promissory Note shall be executed and delivered by the Commission to the City concurrently with the execution of this Agreement. 2.3. The Project Loan Funds shall be used exclusively to complete the Remediation Work described in the Work Plan summarized as follows: • Preparation of Work Plan; • Preparation of Site Health and Safety Plan; • Soil remediation and confirmation soil sampling; • Asbestos removal and disposal; • Underground storage tank removal and disposal; • Regulated nonhazardous and hazardous solid and liquid waste removal (including foundry waste, universal waste, wood block flooring, railroad ties, contaminated concrete, and mercury and PCB-containing materials); and • Preparation of final report. 2.4. The City and the Commission agree and understand that the total cost of performing the Remediation Work is estimated to be at least Six Hundred Sixty Thousand and 00/100 Dollars (5660,000) as described in the Work Plan. 2.5. The Commission may, without premium, prepay any portion of the principal on the Loan prior to maturity. 3. No Obligation of City. The Commission acknowledges that Cooperative Agreement No. BF 965597-O1-2 between the EPA and the City (the "Cooperative Agreement') is the source of all funds loaned hereunder, and that the City is under no obligation to loan any of its own funds for this project. 4. Applicable Laws and Regulations. The Commission shall carry out the Remediation Work in accordance with all applicable state, local and federal laws, regulations, orders, writs, judgments, injunctions, decrees or awards, including but not limited to the following: 4.1. CERCLA. 4.2. Uniform Adnti~~istrative Requirements for ~7Ya111S and Cooperative A~1•ee~~l~ents to States acid Local Govea•~mients, 40 C.F.R. Part 31. 3 4.3. The National Oil and Hazardous Substances Contin~ency Plar1, 40 C.F.R. Part 300 (`NCP"). 4.4. All Applicable Federal "Cross-Cutting- Reguzren~e~ts "including: 4.4.1. Those federal requirements agreed between the EPA and the City, defined by the Cooperative Agreement. 4.4.2. DBE requirements found at 40 C.F.R. Part 33. 4.4.3. OSHA Worker Health & Safety Standard 29 C.F.R. 1910.120. 4.4.4. The Uniform Relocation Act; Historic Preservation Action. 4.4.5. Endangered Species Act. 4.4.6. Permits required by Section 404 of the Clean Water Action. 4.4.7. Contract Work Hours and Safety Standards Act, as arnended (40 U.S.C. 327-333). 4.4.8. The Anti Kickback Act (40 U.S.C. 276c). 4.4.9. Section 504 of the Rehabilitation Act of 1973, as implemented by Executive Orders 11914 and 11250. 4.5. The Davis-Bacon Act of 1931 (CERCLA Section 104(g)(1), 40 U.S.C. Section 276a-276a-5 and 42 U.S.C. Section 3222). CERCLA compliance with Davis- Bacon requires payment of Federal prevailing wage rates for construction, repair or alteration work funded in whole or in part with Project Loan Funds. The Commission must obtain recent and applicable wage rates from the U.S. Department of Labor and incorporate them into the remediation construction contract. 4.6. Executive Order 13202 - "Preservation of Open Competition and Government Neutralitti~ toward Government Contractors' Labor Relations on Federal and Federally-funded Construction Projects." 4.7. Office o~Manu enlent a~7d Budget (OMB) Circular No. A-122 - "Cost Principles for Non-Profit Organizations.'' 4.8. Executive Orders 12549 and 12689 - "Debarment and Suspension." The Commission shall ensure that no contract is made with a party or parties listed on the General Services Administration's List of Parties Excluded from Federal Procurement or Nonprocurement Programs. 5. Front-End Document Certification. The Commission understands and agrees that any and all work performed on the Property for which the Project Loan Funds are used and the receipt of any Project Loan Funds under this Agreement is conditioned upon 4 the Commission's full compliance with the terms and provisions contained in this Agreement, the Cooperative Agreement and the document titled "Front-End Document Certification." The Commission shall ensure that all contracts and subcontracts involving any portion of the Project Loan Funds comply with the "Front-End Document Certification'' and the relevant laws and regulations referenced therein, including, but not limited to, the required contract provisions listed at 40 C.F.R. § 31.36(1). 6. Environmental Reports and Project Documents. 6.1. The Commission shall provide the City with a copy of the Phase I and Phase II Environmental Assessment of the Property performed according to the American Society for Testing and Materials (ASTM) standards (collectively, the "Assessment"). The Commission shall be responsible for the payment of all costs and expenses related to the Assessment. The Assessment shall include, but is not limited to site background, the threat posed by the contamination to public health, welfare and the environment and all past enforcement activities conducted by any governmental agency, and the site testing results. 6.2. The City shall designate an environmental project manager (``Project Manager') who shall review and approve of the proposed cleanup and coordinate the work to be performed using Project Loan Funds. The City's environmental project manager will review the Commission's remedial planning, design, and engineering documents and review the cleanup activities as they are on-going to ensure that the cleanup is being completed in accordance with all local, State, and Federal requirements and is protective of human health and the environment. 6.3. The Commission has caused to be prepared a Community Relations Plan ("CRP") with the assistance and cooperation of the City. The CRP includes the following: 6.3.1. Information on previous public involvement in the planning process for the former Studebaker plant and for the use of RLF funds. 6.3.2. Notice of the public comment period on the CRP was published in the South Bend Tribune on February 19, 2010 and February 26, 2010 with the public comment period ending at 5:00 p.m. on Monday, March 8, 2010. 6.3.3. Procedures for the establishment of a local repository at or near the Property that includes information provided by the Commission and the City related to the proposed Remediation Work. The Commission shall supply the City with any additional information that would assist the City in documenting the Remediation Work. 6.4. After the Commission prepared the CRP, the Commission drafted an Analysis of Brownfields Cleanup Alternatives (`ABCA") dated February 17, 2010, which includes information about the Property and contamination issues (i.e., exposure pathways, identification of contaminant sources, etc.); cleanup standards; applicable laws; alternatives considered; and the proposed cleanup. The ABCA includes effectiveness, implementability, and the cost of the cleanup proposed. The ABCA was made available for review and public comment for a period of not less than 15 days from the first date of publication of the public notice. 6.5. Following the public comment period described above, in which no public comments were received, the Commission prepared a document describing the final analysis of brownfield cleanup alternatives (the "Decision Memo''). The Decision Memo included a statement that the Commission did not receive any public comments on the ABCA and selected the remedial approach proposed in the ABCA. The EPA approved the Decision Merno on March 26, 2010. 6.6. After the ACBA was finalized, the Commission prepared a scope of work containing detailed design and construction plans and specifications for the Remediation Work including a budget and work schedule; a health and safety plan (OSHA 1910-120 - 126) and a quality assurance project plan which sets forth the manner and method of collecting samples to assure the complete removal of all hazardous substances that are located at the Property and are to be removed as a part of the Remediation Work (collectively, such documents are referred to as the "Project Documents'') and has submitted same to the City for approval. 6.7. Prior to the initiation of the Remediation Work, including any cleanup activities, the Commission must provide to the City copies of all of the state required remedial planning documents and the state's approval of those documents, if required. 6.8. The awarding of this Grant shall be subject to: 6.8.1. Opinion of the Commission's counsel that the Commission, is in good standing and that all documents executed by the Commission are valid and enforceable in accordance with their respective terms. 6.8.2. Approval of this Agreement by the Commission, agreeing to its ternls and authorizing the Commission to accept the Project Loan Funds. 6.8.3. Evidence by the Commission that no outstanding taxes, fees, charges, mortgages, liens, encumberances or other assessments have been filed or are recorded against the Property. 6.8.4. Evidence of insurance coverage with limits of liability as determined by the City's Project Manager. All insurance coverage required by this section shall remain in full force and effect during the term of this Agreement. 6.8.5. Identification of the prime contractor and subcontractor(s) selected by the Commission for the Remediation Work. 6.8.6. The City's receipt of cleanup project cost breakdown based upon estimates and prices supplied by the Commission. 6 6.9. The City reserves the right to waive any or all of the requirements of Section 6.8. 7. Performance of Work and Payment. 7.1. The Commission shall commence work on the Remediation Work within 30 days from the date of execution of this Agreement and shall complete and perform all of the Remediation Work by December 31, 2011 in accordance with the approved schedule of work ("Schedule of Work''), attached hereto and made a part hereof as Exhibit E. 7.2. All Remediation Work performed pursuant to this Agreement and with Project Loan Funds shall be performed in a good and workmanlike manner. 7.3. The City shall disburse the Project Loan Funds to the Commission no later than 30 days following receipt of a draw request (which draw requests shall not be made more frequently than monthly) and satisfactory documentation of expenditures for the Work. The City and the Commission agree not to unreasonably delay or withhold delivery or payment of draw requests. 7.4. The City may withhold up to ten percent (10%) of each payment requested as a retainage until the Commission has completed the Remediation Work. 7.5. All material changes or modifications to the Remediation Work or the Project Documents shall be approved in writing by the City prior to such change or modification becoming effective. All additional costs incurred, as the result of any change orders shall be the responsibility of the Commission. In the event that unforeseen conditions are discovered during the implementation of the Remediation Work, the Commission reserves the right to revise the cleanup action and the Project Documents. 7.6. The Commission, at its sole cost and expense, and from sources other than Project Loan Funds, shall be responsible for obtaining all permits, licenses, approvals, certifications and inspections required by federal, state or local law and to maintain such permits, licenses, approvals, certifications and inspections in current status during the term of this Agreement. 7.7. The Commission agrees to protect, indemnify, defend and hold harmless, the City, its officers, administrators, agents, servants, employees and all other persons or legal entities to whom the City may be liable from, for or against any and all claims, demands, suits, losses, damages, judgments, costs and expenses, whether direct, indirect or consequential and including, but not limited to, all reasonable fees, expenses and charges of attorneys and other professionals, court costs, and other reasonable fees and expenses for bodily injury, including death, personal injury and property damage, arising out of or in connection with the performance of any work or any responsibility or obligation of the Commission as provided herein and caused in whole or in part by any act, error, or omission of the Commission, its agents, servants, employees or assigns. 7 7.8. The Commission shall erect a sign on the Property stating that the Remediation Work is being financed in part by RLF Loan Funds and the City and providing the appropriate contacts for obtaining information on activities being conducted at the site and for reporting suspected criminal activities. The sign erected on the Property shall comply with all requirements of the state and local law applicable to on-premise outdoor advertising as well as 40 CFR Part 35, Subpart O (§35.6105(a)(2)(ii)). 7.9. If the Commission sells or transfers the Property prior to completion of the Remediation Work, then the Commission shall immediately repay the entire amount of Project Loan Funds advanced to the Commission to the City. 7.10. The Commission shall: 7.10.1. Notify the City when the Remediation Work is complete. The notice shall contain certification or documentation that the Remediation Work is complete and has been performed in accordance with the terms of this Agreement. This notice shall summarize the actions taken, the resources committed and the problems encountered in completion of the Remediation Work, if any, and shall be submitted to the City for review and approval before it is finalized. 7.10.2. Perform all of its obligations and agreements under this Agreement, the Cooperative Agreement and any other agreements or instruments to which the Commission is a party and which relate to the Project Loan Funds and the Remediation Work. 7.10.3. Promptly give notice in writing to the City of any litigation pending or threatened against the Commission or the Property arising from the performance of the Remediation Work. 8. Inspection and Right to Stop Work. The City shall have the right, but not the obligation, to enter the Property and inspect the Remediation Work at all times during the execution of the Work in accordance with the Plan, and within 30 days following completion of the Work. 8.1. The City shall select a "Site Manager' to review, oversee and inspect the work in coordination with the Project Manager. 8.2. The City may stop the Remediation Work if it is not satisfactory or not substantially in accordance with the Work Plan and order Remediation Work replacement at the Commission's expense. 8.3. The City is not obligated to make any disbursements unless and/or until all Remediation Work is satisfactorily completed and in accordance with the Work Plan as reasonably determined by the City and Site Manager. 8.4. The City shall have the right, but not the obligation, to take any reasonable and appropriate action under the circumstances to cure any violation for the provisions of 8 this Agreement upon written notice of at least 30 days to the Commission and an opportunity to cure. The notice shall include a clear description of the proposed cure and the approximate cost of the same. 8.5. The Commission recognizes that the Site Manager has the ability to stop the Remediation Work immediately in the event of an imminent and substantial threat to human health associated with it. 9. Representations and Warranties. 9.1. The City and the Commission represent and warrant to each other that: 9.2. The Property is not listed or proposed for listing on the National Priorities List of the EPA. 9.3. None of the parties has disposed of hazardous substances, pollutants or contaminants at or to the Property. 9.4. The making and performance by the parties of this Agreement does.not violate any provision of federal, state or local law, or result in a breach of or constitute a default under any agreement, indenture or other instrument to which the parties may be bound. 9.5. This Agreement has been duly authorized by the governing bodies of each entity, and has been validly executed and delivered, and is valid and binding on the parties. 9.6. There are no pending or threatened actions or proceedings before any court or administrative agency that may adversely affect the financial condition or operation of the parties. 9.7. The Commission represents and warrants as follows: 9.7.1. The Commission certifies that it is not now, and has not in the past, been subject to any penalties resulting from environmental non-compliance at the Property. 9.7.2. Neither the Commission nor its respective officers or contractor(s) retained to conduct the Remediation Work, have within a 3 year period preceding this Agreement been, convicted of or had a civil judgment rendered against them for (i) fraud or commission of a criminal offense in connection with obtaining, attempting to obtain, or performing a public transaction or contract under a public transaction, (ii) violation of federal or state antitrust laws, or (iii) embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements or receiving stolen property. 9.7.3. Neither the Commission nor its respective officers or contractor(s) retained to conduct the Remediation Work are presently indicted for or otherwise 9 criminally or civilly charged by a public entity with commission of any of the offenses enumerated under Section 9.7.2 hereof. 9.7.4. The Commission has not within the preceding 3 years had a public transaction terminated for cause or default. 9.7.5. The Commission is a unit of government validly existing under Indiana Code 36-7-14 and has all requisite power and authority to hold title to the Property and to execute, deliver and perform all of its obligations under this Agreement and the Grant documents. 9.7.6. The Commission is not a generator or transporter of any contamination located at the Property. 9.7.7. The Commission is not a Potentially Responsible Party under Section 107 of CERCLA, 42 USC § 9607 because the Commission has demonstrated the BFPP defense to CERCLA liability through material submitted to EPA on January 15 and January 25, 2010. 9.7.8. All representations and warranties shall survive the execution of this Agreement. 10. Maintenance of Records. 10.1. The Commission agrees to maintain financial and programmatic records pertaining to all matters relative to this Agreement in accordance with generally accepted accounting principles and procedures and to retain all of its records and supporting documentation applicable to this Agreement for a period of 3 years after the completion of the Remediation Work except as provided in Section 10.2. 10.2. If any litigation, claim, negotiation, audit or other action involving the records has been started before the expiration of the three-year period, the records must be retained until completion of the action and resolution of all issues which arise from it, or until the end of the regular three-year period, whichever is later. 10.2.1. All such records and supporting documents shall be made available, upon request, for inspection or audit by the City or its representatives. 10.2.2. The Commission must receive permission from the City, in writing, prior to destroying any of these records or documents. 1 L Right to Inspect and/or Audit. The Commission agrees to pernit the City or its designated representative to inspect and/or audit its records and books relative to this Agreement at any time during normal business hours and under reasonable circumstances, upon reasonable notice and to copy them from any information that the City desires relevant to this Agreement. The City shall provide written notice to the Commission prior to the execution of this provision. The Commission agrees to deliver the records or have the records delivered to the City or its designated representative at an 10 address designated by such party within the South Bend city limits. If the City or its representative finds that the records delivered by the Commission are incomplete, the Commission agrees to pay the City or its representative's costs to travel to the Commission's office or other location where the books or records are located to audit or retrieve the complete records. In addition, all grant related documents are subject to 40 C.F.R. Section 31.42(e). 12. Reporting. 12.1. The Commission shall provide the City with the Commission's Dun and Bradstreet Data Universal Numbering System (DUNS) number prior to commencement of the Remediation Work. 12.2. The Commission shall submit a quarterly performance report to the City on or before the fifth (5`'') day of each of the following months: April, July, October and January. Each report shall include: 12.2.1. Documentation of the progress at meeting performance outcomes/outputs for the Remediation Work during the quarter (including the percentage of the Remediation Work complete at the end of the quarter), a narrative summary of quarterly activities, a project time line and an explanation for any slippage in meeting established output/outcomes. 12.2.2. DUNS numbers for each and every contractor, subcontractor and/or vendor performing any of the Remediation Work. 12.2.3. An update on any project milestones occurring during the quarter. 12.2.4. The number and types of jobs created during the quarter and the number of hours worked during the quarter. The Commission shall consult "EPA Summary of OMB's December 18, 2009 Updated Guidance on Reporting of Job Estimates", which is attached as Exhibit F, for guidance on this reporting requirement. 12.2.5. A budget recap summary page with following headings Current Approved Budget ii. Costs Incurred this Quarter iii. Costs Incurred to Date iv. Total Remaining Funds v. Private investment during the quarter ] 2.3. The Commission need only submit one quarterly report to the City pursuant to Section 12.2 to satisfy the Commission's reporting obligations under this 11 Agreement and the Grant Agreement executed concurrently herewith (the ``Grant Agreement''). Each quarterly report shall include all Work on the Project, whether carried out with Loan Funds pursuant to this Agreement or with funds obtained through a grant from the City pursuant to the Grant Agreement. 12.4. The Commission shall ensure that all contractors, subcontractors or any other parties performing the Remediation Work submit reports as necessary to allow Commission to comply with the notice requirements in Section 12.2. 12.5. The Commission shall furnish such other information as the City may from time to tune reasonably request. 13. Events of Default. 13.1. In the event of a default of any of the terms or conditions of this Agreement, the entire amount of Project Loan Funds disbursed to the Commission shall become immediately due and payable without the necessity of demand from the City. The Commission shall be deemed to be in default under this Agreement upon the occurrence of any one or more of the following events (each an "Event of Default''): 13.1.1. The Commission assigns this Agreement or any Project Loan Funds advanced hereunder or any interest herein to a third party or if the Property or any interest is conveyed, assigned or otherwise transferred without the prior written consent of the City. 13.1.2. Any representation or warranty made herein or in any report, certificate, financial statement or other instrument furnished in connection with this Agreement shall prove to be false in any material respect. 13.1.3. The Commission defaults in the performance of any tern1, covenant or condition to be performed hereunder and such default is not remedied within 30 days, unless a longer period of time is reasonably required to cure the default, from and after receipt of written notice by certified mail, return receipt requested, from the City to the Commission, specifying said default, or, if such default cannot be remedied within that period and remedial effort is not commenced within that period and diligently and continuously pursued, the City shall have the right to proceed by appropriate judicial proceedings to enforce performance or observation of the applicable provisions of this Agreement and/or terminate this Agreement and recover damages from the Commission to the extent allowed by law. 13.1.4. Any proceeding involving the Commission or the Property, commenced under any bankruptcy or reorganization arrangement, probate, insolvency, readjustment of debt, dissolution or liquidation law of the United States, or any state, but if such proceedings are instituted, no Event of Default shall be deemed to have occurred hereunder unless the City either approves, consents to, or acquiesces in such proceedings, or such proceedings are not dismissed within 60 days. 12 13.1.5. An order, judgment or decree is entered, without the application, approval or consent of the City, by any court of competent jurisdiction approving the appointment of a receiver, trustee or liquidator of the Commission of all or a substantial part of its assets, and such order, judgment or decree shall continue in effect for a period of 60 days. 14. Remedies of the City. Upon the occurrence of an Event of Default, the City may exercise, singly or in combination, any or all of the rights, powers and privileges set forth in this Agreement, the Cooperative Agreement and any other agreements or instruments to which the City is a party and which relate to the Project Loan Funds and the Remediation Work, at law or in equity, at any time and from time to time. 15. Secure Site. In the event of Default, the Commission shall secure the Property. Tlie cost of securing the Property is the responsibility of the Commission. If the Commission fails to secure the Property within 24 hours of a Notice of Default, the City may, but shall not be required to do so, at the Commission's sole cost. 16. Interpretation of Contract Documents. To the extent that it is determined that a conflict exists between this Agreement and the Cooperative Agreement, all such agreements and documents shall be construed in such manner as will give the maximum effect to each but, as to any conflict which may not be so resolved, the terms and conditions of the Cooperative Agreement shall control. 17. Miscellaneous. 17.1. No delay or failure of the City shall affect such right, power or privilege; nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or privilege affect such right, power or privilege. The rights and remedies of the City hereunder are cumulative and not exclusive. Any waiver, permit, consent or approval of any kind of the City of any breach or default hereunder, or any such waiver of any provisions or conditions hereof, must be in writing and shall be effective only to the extent set forth in writing. 17.2. The Commission shall not assign or attempt to assign directly or indirectly, any of its rights under this Agreement or under any instrument referred to herein ~~ithout the prior written consent of the City. The Commission shall not assign all or any portion of the Property made the subject of this Agreement without the prior written consent of the City. l 7.3. This Agreement is not intended to create or vest any rights in any third party or to create any third party beneficiaries. 7.4. All amendments to this Agreement shall be in writing and signed by both parties hereto. 17.5. It is expressly understood that a failure or delay on the part of the Commission in the performance, in whole or in part, or any of the terms of this Agreement, if such failure is attributable to an Act of God, fire, flood, riot, insurrection, 13 embargo, emergency or governmental orders, regulations, priority, or other limitations or restrictions, or other similar unforeseen causes beyond the reasonable control of such party, the failure or delay shall not constitute a breach or Event of Default under this Agreement; however, the Commission shall use its best effort to insure that the Remediation Work is completed in a reasonable time without unnecessary delay. 17.6. The provisions of this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 17.7. No failure of either party to exercise any power or right given it hereunder or to insist on strict compliance by the other party with its obligations hereunder, and so custom of practice of the parties at variance with the terms hereof shall constitute a waiver of the other party's right to demand at any time exact compliance with the terms hereof. 17.8. Any notice, consent, waiver, request or other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed given (a) on the same day if delivered personally, (b) 3 business days after mailed if delivered by certified or registered mail, return receipt requested, postage prepaid, (c) one (1) business day after dispatched if dispatched by nationally recognized overnight delivery service, or (d) on the same day if sent by telecopier (subject to obtaining a confirmation receipt), in any event, address to the party's address as follows: TO THE CITY: City of South Bend Board of Public Works 227 West Jefferson Blvd. 1300 County City Building South Bend, IN 46601 Attention: Gary Gilot (or successor) Director of Public Works Telecopier Number: 574-235-9171 TO THE COMMISSION: South Bend Redevelopment Commission 227 West Jefferson Blvd. 120 County City Building South Bend, IN 46601 Attention: Ann Kolata (or successor) Senior Redevelopment Specialist Telecopier Number: (574) 235-9021 With copies to: City Attorney 227 West Jefferson Blvd. 1400 County City Building South Bend, IN 46601 Either party may, upon prior notice of 10 calendar days given as set forth above, change its address for all subsequent notices. 14 17.9. All exhibits mentioned herein shall be deemed incorporated herein by reference as though fully set forth herein. 17.10. The terms and conditions of this Agreement, all exhibits attached hereto and any documents expressly incorporated by reference represent the entire agreement between the parties with respect to the subject matter of this Agreement. This Agreement may not be amended or modified without the written consent of the parties hereto. 17.11. If any part of this Agreement is determined to be illegal or unenforceable, all other parts shall be given effect separately and shall be in effect. 17.12. This Agreement, the Cooperative Agreement and any other agreements or instruments to which the City and/or the Commission is a party and which relate to the Project Loan Funds and the Remediation Work, shall be construed in accordance with and governed by the laws of the State of Indiana except where superseded by federal statutes or regulations. 17.13. The City and the Commission have engaged in negotiations, with opportunity for the advice and benefit of counsel, over the terms of this Agreement and no party has acted as the exclusive drafter of the language of this Agreement and no inference or presumption or application of a rule of contract construction should be made based upon the premise that one party acted more than the other party as the draftsperson of these agreements. 17.14. This Agreement may not be amended, altered or modified unless the party against whom enforcement of any waiver, modification or discharge is sought does so in writing. 17.15. This Agreement will become effective when approved by the Commission and signed by its President and Secretary or Vice President and approved and signed by the Board of Public Works. IN WITNESS HEREOF, the parties have caused this Agreement to be executed in the name and on behalf of each of them (acting individually or by their respective officers or appropriate legal representatives, as the case may be, hereunto duly authorized) as of the day and year first written above. [SIGNATURE PAGES FOLLOW] IS COMMISSION: City of South Bend, Department of Redevelopment South Bend Redevelopment Commission By: Signature By: Signatuj~e Date 16 CITY: City of South Bend, Indiana Board of Public Works By: By: By: Gary A. Gilot, P.E. Donald E. Inks Carl P. Litt°ell Date 17