HomeMy WebLinkAbout5B3 Third Amendment To Redevelopment Supervisory Services Agreement1
THIRD AMENDMENT TO
REDEVELOPMENT SUPERVISORY SERVICES AGREEMENT
This Third Amendment to Redevelopment Supervisory Services Agreement (this “Third
Amendment”) is made effective as of January 1, 2023 (the “Effective Date”), by and between the
South Bend Redevelopment Commission, the governing body of the City of South Bend
Department of Redevelopment (the “Commission”), and the City of South Bend, Indiana, an
Indiana municipal corporation, acting by and through the City of South Bend, Indiana Board of
Public Works (the “Provider”).
RECITALS
A. The Commission and the Provider entered into a Redevelopment Supervisory
Services Agreement dated January 12, 2017, as amended by a First Amendment to Redevelopment
Supervisory Services Agreement dated March 13, 2018, and a Second Amendment to
Redevelopment Supervisory Services Agreement dated effective January 1, 2020 (together, the
“Services Agreement”), for the provision of supervisory services to the Commission in relation to
the Commission’s Projects (as defined in the Services Agreement).
B. The Commission and the Provider wish to amend the Services Agreement as set
forth in this Second Amendment.
NOW, THEREFORE, in consideration of the mutual promises and obligations in this
Second Amendment and the Services Agreement, the adequacy of which consideration is hereby
acknowledged, the Parties agree as follows:
1. Effective on January 1, 2023, Section 4.A. of the Services Agreement is deleted
and replaced by the following:
A. Fees for Services. The Provider will render the Requested Services to the
Commission through the work of the Provider’s employees holding the position titles
“Executive Director of Community Investment,” "Director of Growth & Opportunity," and
"Property Development Manager." As compensation for the Requested Services, the
Commission agrees to pay the Provider a flat fee for each respective calendar year in an
amount not to exceed the total amount stated in the table below (the “Annual Fee”).
Period Position Annual Fee
January 1 to December
31, 2023
Exec. Dir. of Community Investment $ 40,337.00
Director of Growth & Opportunity $ 43,555.00
Property Development Manager $ 36,209.00
Total for 2023 $120,000.00
January 1 to December
31, 2024
Exec. Dir. of Community Investment $ 41,143.74
Director of Growth & Opportunity $ 44,426.10
Property Development Manager $ 36,993.18
Total for 2024 $122,563.02
2
January 1 to December
31, 2025
Exec. Dir. of Community Investment $ 41,966.61
Director of Growth & Opportunity $ 45,314.62
Property Development Manager $ 37,671.84
Total for 2025 $124,953.07
2. Section 5 of the Services Agreement shall be amended to delete the term "December
31, 2022" and replace it with "December 31, 2025."
3. Unless expressly modified by this Third Amendment, the terms and provisions of
the Services Agreement remain in full force and effect.
4. Capitalized terms used in this Third Amendment will have the meanings set forth
in the Services Agreement unless otherwise stated herein.
IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment to
Redevelopment Supervisory Services Agreement to be effective as of the Effective Date stated
above.
CITY OF SOUTH BEND, INDIANA SOUTH BEND REDEVELOPMENT
BOARD OF PUBLIC WORKS COMMISSION
__________________________________ __________________________________
Elizabeth Maradik, President Marcia Jones, President
__________________________________ __________________________________
Joseph Molnar, Vice President Troy Warner, Secretary
__________________________________ Date:
Jordan Gathers, Member
__________________________________
Gary Gilot, Member
__________________________________
Murray Miller, Member
ATTEST:
__________________________________
Theresa Heffner, Clerk
Date:
3