MEMORANDUM OF OPTION AGREEMENTMemorandum of Option Agreement • April 12th, 2022
Contract Type FiledApril 12th, 2022This Memorandum of Option Agreement (this “Memorandum”) is entered into as of the 14 day of April, 2022 (the “Effective Date”), by and between South Bend Redevelopment Commission, governing body of the Department of Redevelopment of the City of South Bend, Indiana (the “Commission”), and Gregg Claeys (“Claeys”) and Michael D. Machalleck (“Machalleck”), each an individual (together, Claeys and Machalleck are referred to as the "Developer") (the Commission and the Developer are each sometimes referred to herein as a "Party" or collectively as the "Parties").