Memorandum of Understanding - IUSB - Demolition of Wooden Indian Motel

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MEMORANDUM OF UNDERSTANDING BETWEEN THE SOUTH BEND BOARD OF PUBLIC WORKS AND INDIANA UNIVERSITY SOUTH BEND This Memorandum of Understanding (this "Agreement") is made and executed between the City of South Bend, Indiana (the "City") acting by and through its Board of Public Works ("BPW"), and The Trustees of Indiana University on behalf of and for the benefit of Indiana University South Bend ("IUSB"). WHEREAS, IUSB is the owner of the property located at 1631 Lincoln Way East, South Bend, IN 46613, Parcel ID No. 018-7079-2879 (the "Property"); WHEREAS, IUSB desires to demolish the structures comprising the former Wooden Indian Motel (the "Motel") situated on the Property and would like assistance from the City in effectuating the demolition; and WHEREAS, the City believes the demolition of the Motel will generally benefit the residents of the City and desires to provide funding to IUSB to assist with the demolition of the Motel. NOW, THEREFORE, BPW and IUSB do hereby mutually agree as follows: I. TERM This Agreement shall commence on September 30, 2018 and continue until IUSB certifies to the City that the Motel demolition has been substantially completed by no later than December 31, 2018. II. GENERAL TERMS BPW shall authorize a donation to IUSB in the amount of Fifty Thousand Dollars ($50,000) (the "Donation Amount") to be used for the demolition of the Motel located at the Property. III. RESPONSIBILITIES OF THE CITY a) The City, through BPW, will authorize and provide the Donation Amount to IUSB in a manner reasonably described by IUSB. b) The City shall appoint a contact person from its Department of Community Investment to confer with IUSB and ensure that the Donation Amount is used for demolition of the Motel. c) The City agrees to obey all applicable local, state and federal laws and regulations.