HomeMy WebLinkAbout#1591- Deed; AGREEMNT FOR TERMINATION OF LEASE A parcel of land 24 feet in width, north and south, taken off of and from the entire length of the south side of lot 5AGREEMENT FOR TERMINATION OF LEASE
Lot 6 and a lot or parcel of land
24 feet in width, north and south, taken
off of and from the entire length of the
south side of lot 5 all as shown on the original
plat of the City of South Bend.'
Key Nos. 18-1002-0044
18-1002-0044A
Nov 17 47 '9 `� fw 2t3 SEi
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AGREEMENT FOR TERMINATION OF LEASE
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This Agreement, entered into this � day of Q,iG,L
1992, by and between the City of South Bend, Indiana, adting by and
through its Board of Public Works, hereinafter referred to as "the
City," and the South Bend Redevelopment Authority, a body corporate
and politic organized under I.C. 36-7-14.5, hereinafter referred to
as "the Authority,"
WITNESSETH:
WHEREAS, Trust No. 30560, an Indiana general partnership, by way
of a Lease dated July 1, 1985, and recorded in the Office of the St.
Joseph County Recorder on October 9, 1985, as Instrument Number
85522007, hereinafter referred to as the Lease, leased to the City
approximately 20,850 square feet of space in the building situate',,
the following described real estate situated in St. Joseph Count,�.'YF'`;
Indiana: L �'
Lot Numbered Six (6) and a lot or parcel of land
twenty-four (24) feet in width, north and south,;;;
taken off of and from the entire length of the " r"
south side of Lot Numbered Five (5), all as shown -
on the Original Plat of the City of South Bend, tint
Indiana,
including approximately 2,900 square feet on the ground floor, 1
square feet on the second floor, and 4,000 square feet on the
mezzanine (the entire mezzanine); and
WHEREAS, on August 26, 1992, the Authority purchased said real
estate from Trust No. 30560; and
WHEREAS, on August 26, 1992, Trust No. 30560 assigned the Lease
to the Authority; and
WHEREAS, the City and the Authority have determined that
termination of the Lease and forgiveness of any and all unpaid rental
payments due thereunder is in their best interests.
NOW, THEREFORE, FOR AND IN CONSIDERATION OF THE MUTUAL PROMISES
AND COVENANTS CONTAINED HEREIN, AND BENEFITS CONFERRED HEREBY, THE
CITY AND THE AUTHORITY AGREE AS FOLLOWS:
1. That to the extent the same is necessary, the Lease is hereby
amended to allow for its termination and forgiveness of the rental
due thereunder, and for the termination of the Easement, all under
the terms and conditions hereof.
001 ! OR
S EPH 6& 'INDIANA
L . 'i'nat errective
shall be and is hereby
thereunder forgiven.
upon the date first written above, the Lease
terminated and any and all unpaid rental due
IN WITNESS WHEREOF, the undersigned hereto have executed this
Agreement the date first written above.
SOUTH BEND REDEVELOPMENT
AUTHORITY
7
`JosepY Wroblewski, President
4
ATT ST:
CITY OF SOUTH BEND, INDIANA
BOARD OF PUBLIC WORKS
Donald K. Fewell, Secretary Mary Hall Mueller
ATTEST:
Sandra M. Parmerlee, Clerk
This Lease was prepared by Jenny Pitts Manier, Chief Assistant City
Attorney, 1400 County City Building, South Bend, IN 46601.
CA02/L-TERM
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Noli 17 9 199
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