HomeMy WebLinkAbout5A1 Agreement to Terminate Real Estate Purchase Agreement (Franklin Street)Franklin Street Technology Park
July 19, 2019
South Bend Redevelopment Commission
227 W Jefferson Blvd., Ste. 1400S
South Bend, IN 46601
Re. Agreement to Terminate Real Estate Purchase Agreement ("REPA")
Dear Commissioners:
As you know, the South Bend Redevelopment Commission (the "Commission") and Franklin
Street Technology Park, LLC ("Franklin Street") entered into a REPA on February 22, 2018, which REPA
was amended five times for various reasons. Franklin Street has decided not to pursue the REPA and
requests to terminate it, effective upon the date of the Commission's signature below.
In addition, Franklin Street agrees to release and hold harmless the Commission with regard to
any obligations the Commission may have to Franklin Street with regard to the REPA. By signing below,
the Commission also signifies its agreement to release and hold harmless Franklin Street with regard to
any obligations Franklin Street may have to the Commission regarding the REPA.
Sincerely,
Member W`, -yes
Franklin Street Technology Park, LLC
Accepted and Agreed to by:
South Bend Redevelopment Commission
By:
Attest:
Marcia I. Jones, President
Quentin Phillips, Secretary
Date: July 25, 2019