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HomeMy WebLinkAbout5A1 First Amendment to Economic Development Agreement (J.C. Hart Co.) - Fully ExecutedFIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT This FIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT (this "First Amendment"), is made effective as of the 13th day of March, 2025, by and among the CITY OF SOUTH BEND, INDIANA, a political subdivision and municipal corporation of the State of Indiana (the "City"), the CITY OF SOUTH BEND DEPARTMENT OF REDEVELOPMENT acting by and through its governing body, the SOUTH BEND REDEVELOPMENT COMMISSION (the "Redevelopment Commission" and together with the City, the "City Bodies"), and J.C. HART COMPANY, INC., an Indiana corporation ("Developer"). RECITALS: A. The City Bodies and Developer are parties to a certain Economic Development Agreement dated as of January 9, 2025 (the "Original Agreement"). B. The City Bodies and Developer desire to modify and amend the terms of the Original Agreement to clarify the scope of the City Bodies' obligations with respect to the construction of supporting public infrastructure and the relocation of utilities, all as set forth herein. NOW, THEREFORE, in consideration of the mutual promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 1. Incolporation of Recitals- Definitions. The foregoing recitals are incorporated herein. Capitalized terms not otherwise defined herein shall have the meanings given such terms in the Original Agreement. 2. Supporting Public Infrastructure. The City Bodies and Developer agree that Exhibit H to the Original Agreement is hereby deleted in its entirety and replaced with Exhibit H and Exhibit H-1 attached hereto and that Section 5.02 of the Original Agreement is hereby deleted in its entirety and replaced with the following: 5.02 Sunoorting Public Infrastructure. The City Bodies shall cause the construction of public infrastructure improvements to support the Project, including streets, sidewalks and utilities as described at Exhibit H (the "Work"), which shall be funded either by READI 2.0 funding or alternatively from TIF Revenues available to the Redevelopment Commission from Allocation No. 1. The Work shall consist of Roadway and Infrastructure Improvements (as defined in Section 1 of Exhibit H), Utility Relocations (as defined in Section 2 of Exhibit H) and Easement Releases (as defined in Section 3 of Exhibit H). The City Bodies shall cause the Work to be performed in accordance with the following requirements: (a) Construction Standards. The City Bodies shall cause the Work to be performed and completed: (i) in a good and workmanlike manner, in compliance with this Agreement and all federal, state and local laws, ordinances, regulations, rules 1 and statutes and all other governmental agencies having or exercising jurisdiction over the Project; and (ii) free and clear of mechanics' liens or any other liens against the Project Site. The City Bodies shall give Developer immediate notice of any such lien filed against the Project Site and shall immediately cause any such lien to be discharged and removed of record. (b) Coordination of Work. The City Bodies and Developer shall work in good faith to coordinate the construction of the Work by the City Bodies and their contractors, subcontractors, materialmen, agents, employees and invitees (collectively, the "City Contractor Parties") and the Project by Developer so as to minimize any interference with the construction and operation of the Project. Such coordination shall include, but not be limited to, (i) holding periodic meetings between the City Bodies, the City Contractor Parties and Developer; (ii) coordinating access, storage, parking areas and deliveries; and (ill) developing work schedules to minimize the disruptive effect of construction activities relating to the Work. The City Bodies shall not unreasonably delay or interfere with the development of the Project. The City Bodies, at their cost, shall be responsible for securing the required permits, fees and inspections required to properly execute and complete the Work. (c) License. Developer agrees that, following Developer's acquisition of the Project Site and during the term of this Agreement, the City Bodies and the City Contractor Parties shall have a non-exclusive, temporary license during normal business hours and at such other times as the City Bodies may reasonably request, to access and use portions of the Project Site in connection with the construction of the Work on the terms and conditions set forth in this Agreement. The foregoing license shall terminate upon the earlier of (i) completion of the Work, or (ii) written notice by Developer to the City Bodies. (d) Safety and Sec urit . The City Bodies shall cause the City Contractor Parties to take reasonable precautions for the safety of, and shall provide reasonable protections to prevent damage and injury or loss to, (i) employees and other personnel of Developer and other persons performing work on the Project, who may be affected by work relating to the construction of the Work; and (ii) work, materials and equipment of Developer relating to the Project. The City Bodies shall cause the City Contractor Parties to comply with applicable laws, ordinances, rules, regulations and lawful orders of public authorities bearing on the health and safety of persons or property or their protection from damage or injury or loss, including, but not limited to Occupational Safety and Health Administration standards. (e) Site Maintenance. The City Bodies shall cause the City Contractor Parties to maintain all staging areas for the Work on the Project Site in neat and orderly fashion. During the term of this Agreement, the City Bodies shall refrain from, and shall cause the City Contractor Parties to refrain from, depositing or discarding waste materials or other debris on or near the Project Site. In the 2 event the City Bodies or any of the City Contractor Parties deposits or discards waste materials or debris on or near the Project Site, the City Bodies shall, at their expense, immediately remove such waste materials or debris and restore any damage to the affected area. (f) Completion. The City Bodies shall inspect the Work to ensure all aspects meet City of South Bend Construction Standards and Specifications (the "City Standards"). Developer, at its expense, shall also be entitled to schedule and complete an inspection of each completed component of the Work. The City Bodies and its contractors shall be entitled to participate in the inspection. If the Developer believes the inspection reveals any component of the Work does not adhere to City Standards, Developer may prepare, or cause to be prepared a punch list of such deficiencies, and the Developer and the City Bodies shall promptly work together in good faith to identify a plan to remedy the deficiencies. (g) Insurance. The Parties acknowledge that the City Bodies are self -insured for general liability risk. Notwithstanding anything in this Agreement to the contrary, the City Bodies do not waive any governmental immunity or liability limitations available to them under Indiana law. Additionally, the City Bodies will require that any contractor who receives an award of contract directly from the City of South Bend to perform any Work contemplated under this Agreement shall meet the following insurance requirements: (i) All Contractors and subcontractors doing business with the City of South Bend shall present a Certificate of Insurance showing coverage in the following minimum amount: 1. General Liability: Premises -Completed Operations or Products, Bodily Injury and Property Damage Combined Single Limit - $5,000,000. 2. There shall be no exclusion for explosion, collapse or underground hazard. 3. Workmen's Compensation: Statutory State of Indiana Employer's Liability - $100,000. 4. Auto Liability: Bodily Injury and Property Damage Combined Single limit - $1,000,000 (ii) City of South Bend shall be named as additional insured on the Certificate of Insurance. (iii)Contractor and subcontractors shall provide any and all insurance policies, documents, endorsements, or certificates related to this Contract immediately upon the request of the City of South Bend. (h) Indemnity. The City Bodies shall indemnify, defend, protect, and hold Developer, its agents, directors, employees, managers, members, officers, partners and lenders and their respective assigns and successors (each, a 3 "Developer Party" and, collectively, "Developer Parties") harmless from any and all claims, damages, demand, liabilities, liens, losses, or costs and expenses of any kind, including, without limitation, reasonable attorneys' fees, arising out of, resulting from or related to the Work (except in each case to the extent the caused by the negligence or misconduct of Developer or a Developer Party). (i) Damage to Protect Site or Project. If any Work conducted by or on behalf of the City Bodies causes damage to any portion of the Project Site or the Project, upon notice from Developer identifying such damages and demanding that such damage be repaired, the City Bodies shall, within a reasonable timeframe as agreed to by the Parties, repair such damage at the City Bodies' expense. If the City Bodies fail to repair such damage within the agreed timeframe, then Developer may, but shall not be obligated to, complete the necessary repairs, in which case the City Bodies shall reimburse Developer all costs incurred by Developer to complete the repairs upon thirty (30) days written demand accompanied by reasonable evidence of such costs. (j) Survival. The terms and provisions of this Section 5.02 shall survive any termination of the Agreement. 3. Continuing Effect. Except as expressly set forth herein, the Agreement remains unmodified and in full force and effect. To the extent of any inconsistency between the terms and provisions of this First Amendment and the Original Agreement, the terms and provisions of this First Amendment shall control. 4. Miscellaneous. This First Amendment may be executed in multiple counterparts, each of which shall be deemed an original, but together shall constitute one and the same instrument. Each party has the right to rely upon a facsimile or e-mail counterpart of this First Amendment signed by the other party to the same extent as if such party received an original counterpart. This First Amendment shall extend to, be binding upon and inure to the benefit of the respective heirs, devisees, legal representatives, successors, permitted assigns and beneficiaries of the parties hereto. [SIGNATURES ON THE FOLLOWING PAGE(S)] 2 Docusign Envelope ID: 623DO155-E918-4OB1-8AEB-9679DDE4FO17 IN WITNESS WHEREOF, the City Bodies and Developer have executed this First Amendment to be effective as of the date set forth above. CITY: REDEVELOPMENT COMMISSION: ATTEST: M Printed: Eli Wax Title: Secrets DEVELOPER: CITY OF SOUTH BEND, INDIANA By. Imes Mueller, Mayor SOUTH BEND REDEVELOPMENT COMMISSION By: Printed: Trov Warner Title: President J.C. HART COMPANY, INC., an Indiana corporation By: John C. Hart, Jr., Chairman 5 EXHIBIT H Work The City Bodies shall undertake the construction of public infrastructure improvements to support the Project and which are necessary to re-establish a street grid and utility network at the Project Site. The Work shall include the following: Section l: Roadway and Infrastructure Improvements. The City Bodies shall cause the construction of new streets, water main, sanitary sewer main, and storm sewer, curbs, sidewalks, crosswalks, accessibility ramps, street landscaping, street lighting, and street trees, as generally depicted in the infrastructure plan attached hereto as Exhibit H-1 and in accordance with the City Bodies' design, as well as any other infrastructure improvements agreed to by the parties (the "Roadway and Infrastructure Improvements"). Section 2: Utili1y Relocations. The City Bodies shall cause the relocation of all utility lines and facilities located on the Project Site so that such utility lines and facilities do not in any way interfere with the construction or operation of the proposed Project improvements depicted in Exhibit H-1 (the Utility Relocations"). The Utility Relocations shall include, without limitation, relocation of storm sewer, water, sanitary sewer, electric, fiber optic, telephone/communications and gas such that no utility lines or facilities are located under Project building improvements. All relocated utility lines and facilities on the Project Site shall be in locations approved by Developer and the City. Section 3: Easement Releases. In connection with the Utility Relocations, the City Bodies shall obtain and record, on terms and conditions reasonably satisfactory to Developer, releases by all benefited utilities of all utility easements encumbering the Project Site, whether arising via plat, separate recorded instrument or otherwise, including, without limitation, releases of the following easements: • Easements rights created in connection with the vacation of rights -of -way shown as a part of the Original Plat of South Bend Indiana as it relates to the Project Site; • Easements rights created in connection with the Plat of River Bend Addition to the City of South Bend, St. Joseph County, Indiana (Plat Record 197719, Book 31, Page(s) R-7) as it relates to the Project Site; • Easement rights created in connection with the vacation of rights -of -way pursuant to Ordinance 9202-01 and shown on that certain Crowe Chizek Minor Subdivision recorded as Instrument No. 0315444; • Easement Rights created in connection with the Crowe Chizek Minor Subdivision recorded as Instrument No. 0315444; • Easement Rights created in connection with the Crowe Chizek Second Minor Subdivision recorded as Instrument No. 2024-11404; • Easement Rights created in connection with the Crowe Chizek Second Minor Subdivision Lot Line Adjustment; • Instrument No. 77089069 — American Electric Power. Instrument No. 8217444 — City of South Bend and any other City departments. Instrument No. 8217445 — City of South Bend and any other City departments. To the extent utilities require replacement utility easements on the Project Site to accommodate the Utility Relocations, the parties shall work cooperatively, reasonably, and in good faith, to grant such easements; provided, however, in no event shall Developer be required to grant replacement utility easements that in any way interfere with the construction or operation of the Project. The City Bodies shall be solely responsible for securing necessary easements across, over, under or through third party property to accommodate the Utility Relocations. EXHIBIT H -1 Infrastructure Plan r �r., %N� DiI1 G 9 n a z� JillRill ii 3331{ i iii U , +A a000vaovoaoavo; fill 0 avoau9lCuwl STUGom N C➢oMC JCtleLa�IN CM1 _� •' 1p ' ^r O oeT'_11s0M iY0 �a trn�rvmuoi O � S[IUTH OCNO. If/ J,@i �nu❑ru Irc � _