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Home My WebLink About6E(1)� �� UPDATED LEASE AGREEMENT BETWEEN INNOVATION PARK AT NOTRE DAME,INC.,AS LANDLORD AND CITY OF SOUTH BEND,INDIANA,AS TENANT � { � � I � I � �i � � i � i � � �I � � Innovation Park at Notre Dame i � Lease Agreement Page 1 � "}' �� ' {� T :� � INNOVATION PARK AT NOTRE DAME LEASE AGREEMENT � � This Lease Agreement ("Lease") dated as of January 30, 2011 updates an earlier Lease Agreement dated January 29, 2010, is entered into by and between Innovation Park at Notre Dame, Inc. ("Innovation Park" or � "Landlord"),an Indiana not for profit corparation, and the City of South Bend,IN,Department of Redevelopment, Acting By and Through the South Bend Redevelopment Commission ("ClienY' or "Tenant"), a municipal corporation,having an address of 1200 County-City Building,227 West Jefferson,South Bend,IN 46601. Schedule of Terms Premises: Suite 215 consisting of 230 square feet of rentable area located in the building ("Building") at 1400 E.Angela Blvd.,South Bend,Indiana.The Building and the parcel(s)of land on which it is located,other improvements located on such land,adjacent parcels of land that Landlord operates � jointly with the Building,and other buildings and improvements located on such adjacent parcels of land are referred to herein as the "Property". Innovation Park leases the Property and the Buildin from the Universi of Notre Dame the"Universi "). Lease Term: A eriod of 12 months commencin on Janua 30,2011 and ex irin Janu 29,2012 Option to Tenant has the option to renew the Lease with respect to all(but not less than all)of the Premises Renew: for 12 months(the"Renewal Term")by notice in writing received by Landlord not less than six months and not more than nine months prior to the expiration of the then current term of the Lease,time being of the essence for the giving of such notice. Tenant is hereby granted two(2) o tions to renew the Lease. S ace: Tenant acce ts the ace in its resent condition. Base Rent: Base Rent shall be paid according to the following schedule. For the purposes of this Lease, "Lease Year" shall mean the twelve month period commencing on the Commencement Date, � and ending on the last day of the twelfth complete calendar month thereafter. � Period Annual Base Rent Monthly Base Rent � Months 1 - 12 $5,980 $498.33 The Base Rent due for the first month during the Lease Term(hereinafter defined)shall be paid b Tenant to Landlord er the a roved monthl billin c cle. Additional As agreed in original leasing documents dated January 29,2010 Terms and � Conditions � Supplemental As agreed in original leasing documents dated January 29,2010. � Char es: � Security Waived D osit: � Permitted Use: General office use and no other use or u ose. Rules and TenanYs use of the Premises, Building and Property shall be governed by the Rules and � Regulations Regulations promulgated by Landlord,which may be amended from time to time by Landlord,in � its sole discretion. Business 8:00 a.m.to 6:00 p.m. Hours: ; Business Mondays through Fridays,exclusive of holidays,as determined by Innovation Park. � Da s: ; Tenant Notice South Bend Redevelopment Commission � Address 1200 County-City Building i 227 W.Jefferson ! South Bend,46601 I r i ! ! I � iInnovation Park at Notre Dame � iLease Agreement Page 2 I � I f I � ; ' � � j � � IN WITNESS WHEREOF,the parties have duly executed this Lease Agreement as of the date first above written. � Landlord Tenant Innovation Park at Notre Dame,Inc. South Bend Redevelopment Commission i� By:\ �"�7'� � By: � � Name: David H.Brenner Name: a � Title: President&CEO Title: � � � � � � � � � � � s R � � f � 5 � � i i , f � i � i f � I i ( � i i i , I , � i I i i I Innovation Park at Notre Dame Lease Agreement Page 1 '� � B g @� � O o o � �« �� o � � _ � � a � � � � i � o �� ■t� e & 1 � � � a 6 J w Q w w p Fg � 1 ' � .i r � � ' o e � a a , � '�� , o e � � o �� ; � � � � � , ! f� � E� o 1 p i � � {I ! 1 '- 1� �� i � , ,� �� , ' • � � �;. � � � ` �� ❑ � 0 - � ': � � � ;� � ' � � ;I� � � � � '' �� 0