THE CORPORATION RECEIVED A COMBINATION OF LAND AND CASH FROM THE CLEVELAND FOUNDATION FOR THE SOLE PURPOSE OF CONSTRUCTING ON THE LAND, OWNING, AND LEASING BACK TO THE CLEVELAND FOUNDATION A COLLABORATION AND INNOVATION CENTER (COLLABORATION CENTER) IN THE MIDTOWN NEIGHBORHOOD OF THE CITY OF CLEVELAND. THIS ACTIVITY ADVANCES THE CLEVELAND FOUNDATION'S OBJECTIVE TO TRANSFORM AND REVITALIZE THE MIDTOWN AND ADJACENT CITY OF CLEVELAND NEIGHBORHOODS.