Approving the form and terms of a lease between the South Bend Civic Center Building Authority and the City of South Bend

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9/ RESOLUTION NO. `190--)5- A RESOLUTION APPROVING THE FORM AND TERMS OF A LEASE BETWEEN THE SOUTH BEND CIVIC CENTER BUILDING AUTHORITY AND THE CITY OF SOUTH BEND, INDIANA PERTAINING TO THE SOUTH BEND CIVIC CENTER. WHEREAS, the South Bend Civic Center Building; Authority has been created under and in pursuance to the provisions of Public Law 220 of the Indiana General Assembly for the year 1975 and all acts amendatory thereof or supplemental thereto (hereinafter referred to as the "Authority ") for the purpose of financing, acquiring, constructing;, equipping and leasing; to the City of South Bend, Indiana (hereinafter referred to as the "City "), land and a building or buildings for civic purposes (hereinafter referred to as the "Civic Center "); and WHEREAS, it is desired to construct the Civic Center on land hereinafter described; and WHEREAS, plans and drawings bearing; dates between June 13 1975 and August 4, 1975, and specifications bearing dates between June 1 1975 and August 4, 1975, together with Addenda Numbered 1, 2, 3, 4 and 5 (all of which is marked "Exhibit A" submitted here- with and made a part hereof) for the construction of the Civic Center, have been prepared by Johnson /Burgee, Architects of New York, N. Y., which plans and specifications have been adopted by the Authority and approved by the Mayor and Common Council of the City, the State Board of Health, the State Fire Marshal and all other agencies designated by law to pass upon plans and specifica- tions for public buildings; and WHEREAS, the City and the Authority have submitted to the Common Council of the City a form of lease marked "Exhibit B" attached hereto and made a part hereof nrovidinF for lease to the Authority of the real estate in St. Joseph County, State of Indiana, described in "Exhibit A" attached to said form of lease for a term of twenty -five (25) years for rental in the aggregate sum of One ($1.00) Dollar for the entire term; and WHEREAS, said form of lease further provides that upon completion by the Authority, the Civic Center shall be leased to the City for a term of twenty -five (25) years for rental at the rate of $ 456,000.00 per year payable in semi - annual installments on the 28th day of June and the 28th day of December each year of the term of said lease; and WHEREAS, the form and terms of said lease between the City and the Authority, including; those terms set out above, now meet the approval of the Common Council of the City. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana that: SECTION I. The form and terms of the lease between the Authority and the City, marked "Exhibit B" and attached hereto are hereby approved. SECTION II. This Resolution shall be in full force from and after its passage by the Common Council and approval by the Mayor. f UD IN CLERK'S Off ICE AUG 6 1975 Member of the Common Council PRESENTED �'- �' 9 5' Irene Gammon NOT APPROVED Exhibit A on file in City Clerk's CITY CLERK, SOUTH BEND, IND. vault. Exhibit B attached to ADOPTED 9-//- `25- ordinance approving lease.