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2 <br />I.Indiana Code 8-22-3-11 allows the Airport Authority to acquire property <br />and dispose of it for use in connection with or for administrative purposes of the airport, <br />and further allows the Airport Authority to accept gifts or donations of property that may <br />be needed to carry administer and carry out its purposes. <br />J.The Parties have passed or will pass resolutions related to the transfer of the <br />Airport Property and Commission Property in compliance with Indiana Code 36-1-11-8. <br />K.The Commission desires to transfer the Commission Property to the Airport <br />Authority and the Airport Authority desires to accept the transfer of the Commission <br />Property from the Commission upon the terms and conditions as set forth in this <br />Agreement, and in accordance with the Act and other applicable state laws. <br />J.The Airport Authority desires to transfer the Airport Authority Property to <br />the Commission and the Commission desires to accept the transfer of the Airport Authority <br />Property from the Airport Authority upon the terms and conditions as set forth in this <br />Agreement, and in accordance with the Act and other applicable state laws. <br />THEREFORE, in consideration of the mutual covenants and promises in this <br />Agreement and other good and valuable consideration, the receipt of which is hereby <br />acknowledged, the Commission and the Airport Authority agree as follows: <br />1.RECITALS <br />The recitals above are hereby incorporated into this Agreement by reference. <br />2.TRANSFER OF THE PROPERTY <br />A copy of this Agreement, signed by Commission, constitutes the Commission’s <br />agreement to transfer and convey the Commission Property and accept the transfer of the <br />Airport Authority Property, and once signed by the Airport Authority, constitutes the <br />Airport Authority’s acceptance of the transfer and conveyance of the Commission Property <br />and agreement to transfer and convey the Airport Authority Property in accordance with <br />the terms stated in this Agreement. A copy signed by the Commission shall be delivered <br />to Airport Authority, in care of the following representative (“Airport Authority’s <br />Representative”): <br />_______________ <br />_______________ <br />_______________ <br />_______________ <br />_______________