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03-28-13
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1/13/2014 11:53:46 AM
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ENVIRONMENTAL INDEMNITY AGREEMENT <br />THIS ENVIRONMENTAL INDEMNITY AGREEMENT (the "Agreement ") is made <br />and entered into by and between the City of South Bend, through its Board of Public Works (the <br />"City "), and Robert Bosch LLC, as successor to Robert Bosch Corporation, a corporation <br />existing under the laws of the State of Delaware ( "Bosch ") (collectively, the "Parties ") on the <br />date that the Agreement has been fully executed below. <br />WHEREAS, Bosch negotiated an agreement to purchase certain improved real estate in <br />South Bend, St. Joseph County, Indiana, as more particularly described in Schedule A attached <br />hereto (the "Property ") from Honeywell International, Inc. (formerly known as Allied Signal, <br />Inc.) ( "Honeywell ") pursuant to an Agreement of Sale dated August 1, 2000 (the "Agreement of <br />Sale "); <br />WHEREAS, in connection with the Agreement of Sale, Bosch and Honeywell entered <br />into an Environmental Remediation Agreement, License and Easement dated August 17, 2000 <br />( "Remediation Agreement "). The Remediation Agreement recognized the existence of <br />environmental contamination at the Property, imposed certain institutional controls, engineering <br />controls, deed restrictions on use of the Property, provided certain rights of Honeywell, and <br />recognized Honeywell's obligation to continue remediation of the contamination through the <br />Indiana Department of Environmental Management's ( "IDEM ") Voluntary Remediation <br />Program ( "VRP "). The Remediation Agreement also provided cross - indemnifications between <br />Honeywell and Bosch relating to known contamination and potential future releases; <br />WHEREAS, on August 17, 2000, the City entered into and signed an Assignment and <br />Assumption Agreement between it and Bosch under which it assumed all of Bosch's obligations <br />under the Agreement of Sale, Remediation Agreement and an Ingress, Egress and Maintenance <br />Easement Agreement ( "Easement Agreement "), subject to the proviso that such assumption <br />would not release Bosch or Honeywell from their respective obligations under those agreements; <br />WHEREAS, Bosch assigned to the City, the Agreement of Sale, the Remediation <br />Agreement and Easement Agreement, without ever exercising its right to purchase the Property <br />and the City exercised its rights as Purchaser under the Agreement of Sale and Buyer under the <br />Remediation Agreement; <br />WHEREAS, Bosch and the City entered in an Agreement for the Use and Rehabilitation <br />of Real Property dated August 17, 2000, as amended by that certain First Amendment dated June <br />20, 2001 (collectively, the "Rehabilitation Agreement "). The Rehabilitation Agreement <br />provided that Bosch would assign and the City would accept assignment of the Agreement of <br />Sale and that the City would thereafter lease the Property to Bosch. In exchange, the City <br />invested funds, provided training grants, and made available other incentives to assist Bosch in <br />its operations at the Property; <br />WHEREAS, the City leased the Property to Bosch pursuant to a Real Property Lease <br />Agreement dated August 17, 2000 (the "Lease Agreement "). The Rehabilitation Agreement and <br />
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