Approving Agreement City of South Bend, South Bend Community School Corp and to the Civic Center

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THORNsusio. MCGILL. DEAHL HARMAN. CAR(Y 0 MURRAY LEASE AGREEMENT AGREEMENT, entered into by and between the Civil City Of South Bend, Indiana,, hereinafter referred to as "Lessor ", and South Bend Community School Corporation, hereinafter referred to as "Lessee ", for and in consideration of their mutual promises, covenants and agreements hereinafter set forth and for other good and valuable consideration, the parties hereto agree as follows: 1. Lessor hereby leases to Lessee that portion of the South Bend Century Center located in South Bend, Indiana, described on the plans and specifications for said South Bend Century Center as follows: River Level E111 Lapidary /Ceramics Studio D147 Drama Classroom C103 Music Classroom with C104 and C105, and Recording Room C -M101 Upper Level E311 Painting and Drawing Classroom 2. The term of this lease shall begin on January 1, 1978, or on the day after that date upon which the aforesaid portion of the South Bend Century Center leased hereunder, hereinafter referred to as the "Premises ", is completed, ready for occupancy by Lessee and accepted by Lessee. Acceptance by Lessee shall not be unreasonably withheld. The term of this lease shall be twenty -five (25) years beginning on the aforesaid date. 3. The rental for the Premises shall be the sum of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00) payable in advance in fifty (50) consecutive, equal instalments of Twenty - five Thousand Dollars ($25,000.00) each payable on the 10th day of January and 10th day of July of each year during the term of this lease. 4. Lessor shall furnish, at its sole expense and cost, to the Premises during the term of this lease water, gas, heat, !air conditioning, janitorial and maintenance services and security