5A2 Agreement to Release Easement (JC Hart) - Signed

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South Bend Redevelopment Commission 227 West Jefferson Boulevard, Room 1308, South Bend, Indiana The need to release the easement was always at the center of the Developer’s needs for the Development Project. In this new version, in addition to causing the release of easement to occur sooner, this revised version will also (i) help to explain to the Developer’s construction lender what is happening with the easement, (ii) provide clarity to title records; and (iii) provide clarity/administrative ease to the parties. In exchange for RDC’s agreement to execute this new Release of Easement, the Developer is expressly committing to include in its Plans and Specifications for the Project a commitment to dedicate all necessary rights-of-way on the Project Site to enable the development of a public street and public utilities to serve the site and connect the neighboring properties, including the Commission’s Property. This was already the intended plan, but this agreement memorializes and confirms that commitment. During construction, the River Glen Office site will still have access to and from Monroe and Columbia Streets. As a result of the full development, the River Glen Office Park will obtain substantially improved access to Jefferson Boulevard/Wayne Street in the form of a newly built public roadway and sidewalks.