5B5 2nd. Amendment to Network Operating Center Lease Union Station (1547 CSR) - Fully Executed

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South Bend Redevelopment Commission 215 S. Dr. Martin Luther King, Jr. Blvd., Room 301, South Bend, Indiana Redevelopment Commission Agenda Item D ATE : 8/7/2026 FROM: Erin Michaels – Property Development Manager SUBJECT: Second Amendment – 1547 CSR – South Bend, LLC Network Operating Center Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. *Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the authorization of the expenditure of such funds shall be void and of no effect. PURPOSE OF REQUEST: Approval of Proposed Second Amendment to Network Operating Center Lease with 1547 SCR – South Bend, LLC SPECIFICS: The Redevelopment Commission acquired the property located at 320 W South Street, more commonly known as Union Station, through a Purchase Agreement dated July 25th, 2024. As a part of this acquisition the Redevelopment Commission was transferred the rights and obligations of a Network Operating Center Lease (the “Lease”) with 1547 CSR – South Bend, LLC (the “Tenant”). The Tenant is also the owner of the adjacent property located at 506 W South Street which shares a wall and entrance with Union Station. The Tenant is working to separate their property from Union Station and construct their own separate entrance solely on their property. In the interim the Tenant occupies space in Union Station and maintains security at the entrance per the terms of the Lease. The First Amendment to the Lease was approved by the Redevelopment Commission on August 14, 2025, which extended the lease termination date to August 19, 2026. The Tenant has requested an extension of the termination date of the Lease to allow for the additional time needed for construction to separate their facility from Union Station. Design is underway for the of the new entrance and construction will begin soon. Per the amended Lease the termination date is August 19, 2026. The proposed Second Amendment would extend this termination date to February 28, 2027, after which the lease would be renewed on a month-to-month basis to allow the additional time needed to fully separate the buildings. The Redevelopment Commission or the Tenant can terminate this lease with 60 days’ notice. The Tenant would continue to provide 24/7 security and property supervision for Union Station through the extended term of the Lease. ______________ ___________Pres/V-Pres ATTEST: __________ _______ _ Date: _____________ _______ APPROVED Not Approved SOUTH BEND REDEVELOPMENT COMMISSION August 13, 2026 ✓