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REGULAR MEETING OCTOBER 24, 1977
<br />REGULAR MEETING RECONVENED (CONTINUED)
<br />STATE OF INDIANA )
<br />COUNTY OF ST. JOSEPH) SS:
<br />Before me, a Notary Public in and for said County and State, personally appeared Homer
<br />W. Fitterling and Maxine 0. Fitterling, President and Secretary respectively of Clay Develop-
<br />ment Corp., personally known to me to be such officers, and acknowledged the execution of the
<br />foregoing Lease for and on behalf of said corporation.
<br />WItness my hand and notarial seal this day of
<br />Seal
<br />My Commission Expires:
<br />STATE OF INDIANA )
<br />COUNTY OF ST. JOSEPH) SS:
<br />, 1977.
<br />Written Signature
<br />Printed Signature
<br />Before me, A Notary Public in and for said County and State, personally appeared Peter J.
<br />Nemeth, Thomas J. Brunner, Jr., Peter H. Mullen, Patricik M. McMahon, Patricia E. DeClercq,
<br />Roger 0. Parent, Jeanne Wilcox and Irene Gammon, personally known to me to be the applicable
<br />Officials of Lessee, and acknowledged the execution of the foregoing Lease for and on behalf
<br />of said CITY OF SOUTH BEND, INDIANA.
<br />WITNESS my hand and notarial seal this day of
<br />(Seal)
<br />My Commission Expires:
<br />This instrument was prepared by:
<br />EXHIBIT A TO LEASE
<br />SEWAGE DISPOSAL FACILITIES
<br />, 1977.
<br />Written Signature
<br />Printed Signature
<br />The entire sewage disposal collector system of Clay Utilities in use or useful in the rendition
<br />of sewage utility services in German and Clay Townships, St. Joseph County, Indiana, including
<br />all mains, manholes, laterals, force -main, lift station, inverted siphons, metering weir, six -
<br />inch service connections and all appurtenances thereto relating, together with applicable en-
<br />gineering, franchises and organization, easements- DeJure and DeFacto, and customer lists with
<br />security deposits; but not including office supplies, furniture and fixtures, tools, truck, cash,
<br />accounts receivable and other current assets.
<br />SERVICE AREA
<br />FRANCHISED OR CERTIFICATED AREA
<br />Land in St. Joseph County described as follows:
<br />"That portion of Clay Township lying North of the Indiana East -West Toll Road, West of
<br />Hickory Road extended and East of the center line of the New York Central right -of -way,
<br />plus that portianof the Town of Roseland lying South of said Toll Road."
<br />EXHIBIT B TO LEASE
<br />SEWAGE DISPOSAL FACILITIES
<br />INTEREST FACTOR: 7% PURCHASE PRICE SEWAGE DISPOSAL
<br />FACILITIES BEFORE RENTAL
<br />PAYMENT: $1,198,417.00
<br />Due Date of
<br />Rental Payment
<br />1
<br />2
<br />3
<br />4
<br />5
<br />6
<br />7
<br />8
<br />9
<br />10
<br />11
<br />12
<br />13
<br />14
<br />15
<br />16
<br />17
<br />18
<br />19
<br />Based on Purchase
<br />Price and Interest
<br />Factor of 70.*
<br />1,189,269.51
<br />1,179,800.94
<br />1,170,000.97
<br />1,159,858.00
<br />1,149,360.03
<br />1,138,494.63
<br />1,127,248.94
<br />1,115,609.65
<br />1,103,562.99
<br />1,091,094.69
<br />1,078,190.00
<br />1,064,833.65
<br />1,051,009.83
<br />1,036,702.17
<br />1,021,893.75
<br />1,006,567.03
<br />990,703.88
<br />974,285.52
<br />957,292.51
<br />Based on Purchase
<br />Due Date of Price and Interest
<br />Rental Payment Factor of 7% *
<br />
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