Approving the amendment to lease between the City of South Bend and South Bend Civic Center Building

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AMENDMENT TO LEASE Between SOUTH BEND CIVIC CENTER BUILDING AUTHORITY AND CITY OF SOUTH BEND, INDIANA WHEREAS, South Bend Civic Center Building Authority, a body corporate and politic organized and existing under Indiana Code 1971, 19 -7 -18.5, (hereinafter called "Authority "), and City of South Bend, Indiana, (hereinafter called "City "), did heretofore on the 27th day of August, 1975, enter into a lease as authorized by Indiana Code 1971, 19 -7 -18.5, which lease was duly recorded in the office of the Recorder of St. Joseph County, Indiana, on November 21, 1975, and appears in Miscel- laneous Record Book 295 at pages 102 to 123; and WHEREAS, the Authority, in 1975, Bonds in the amount of Five Million Th sand Dollars ($5,390,000) (hereinafter Bonds ") and is constructing facilities center on the leased premises with the Bonds; and issued its Civic Center ree Hundred Ninety Thou - referred to as the "1975 to be used as a civic proceeds of said 1975 WHEREAS, Authority now desires to refund said 1975 Bonds outstanding as authorized by Indiana Code 5 -1 -5 (hereinafter referred to as the "Act "), and thereby obtain a substantial sav- �ing and reduction in interest costs and also permit a reduction in the lease rental payments as hereinafter provided; and WHEREAS, the Authority has, by due corporate action, de- termined to borrow the sum of Eight Million Four Hundred Eighty - five Thousand Dollars ($8,485,000) and to execute and issue therefor its Civic Center Refunding Bonds pursuant to a Trust Indenture dated as of June 1, 1977, between the Authority and The National Bank and Trust Company of South Bend, as Trustee, (hereinafter referred to as "1977 Trust Indenture ") which Civic Center Refunding Bonds are being issued for the purpose of pro- viding for the payment of (i) the principal amount of the 1975 Bonds outstanding, (ii) the interest payable on the 1975 Bonds