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~~-~ <br />COMMERCIAL PROPERTY MANAGEMENT <br />AND LEASING AGREEMENT <br />(2009-2010) <br />This Agreement, made this 1St day of February, 2009, between CITY OF SOUTH <br />BEND REDEVELOPMENT COMMISSION ("Owner"), and ROBERT BRADLEY <br />ASSOCIATES, LLC, d/b/a CB RICHAKD ELLIS BRADLEY whose address is 202 <br />S. Michigan Street, Suite 200, P.O. Box 540, South Bend, Indiana 46624-0540, an <br />Indiana limited liability company, ("Agent"). <br />APPOINTMENT AND ACCEPTANCE. The Owner appoints the Agent for the <br />management of the Property described in Section 2 of this Agreement, and the <br />Agent accepts the appointment, subject to the terms and conditions set forth in <br />this Agreement. <br />DESCRIPTION OF PROPERTY. The Properties are all located in South Bend <br />and described as follows: <br />I 1 ;" }.~~~t ~t%~~~ ~~~ `~t~°c:~t ..__ ~~'~~~ ~~c Street t. ~z~~~t~~~~ l~ct<lil <br />118-131 South Michigan Street -Leighton Plaza Garage <br />Retail/Redevelopment Retail <br />Leighton Plaza Courtyard located at 130 South Main St1•eet <br />DEFINITIONS. As used in this Agreement: <br />``Agent" means Robert Bradley Associates, LLC d/b/a CB Richard Ellis <br />South Bend. <br />b. "Operating Account"' means the account described in Section 8 hereof. <br />c. "Owner' means City of South Bend Redevelopment Commission <br />d. "Principal Parties" means the Owner and the Agent. <br />e. "Property" means the Property described in Section 2 hereof. <br />£ "Property Expense" means an expense paid by the Agent from the <br />Operating Account. <br />4. BASIC INFORMATION. "The Owner has furnished the Agent, to the best of the <br />Owner's ability, ~~~ith a complete set of plans and specifications of the Proper, <br />copies of all guaranties and warranties pertinent to the Property and its <br />construction, fixtures and eduipment, financial statements. accounting records, <br />leases, service contracts, insurance policies and any and all pertinent related <br />documents related thereto. With the aid of this infonllation, discussion with the <br />Owner. and inspection of the Property, the Agent has familiarized it self with the <br />