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'' NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment <br />Commission as follows: <br />Section 1. The Commission hereby authorizes, approves and ratifies the <br />issuance, sale and delivery of (i) the Hall Bonds by the Authority in a maximum aggregate <br />principal amount not to exceed Eight Million Six Hundred Thousand and 00 /100 Dollars <br />($8,600,000.00) at a maximum interest rate not to exceed eight percent (8.0 %) and (ii) the <br />Century Center Bonds by the Authority in a maximum aggregate principal amount not to exceed <br />Three Million Eight Hundred Thousand and 00 /100 Dollars ($3,800,000.00) at a maximum <br />interest rate not to exceed seven percent (7.0 %) in order to refund all or a portion of the Prior <br />Bonds. The issuance of the Hall Bonds will remove the restrictive tax - exempt covenants <br />presently in place with respect to the 2000 Bonds and may provide a savings to the Authority and <br />the Commission, and the issuance of the Century Center Bonds will provide a savings to the <br />Authority and the Commission. <br />Section 2. The Commission hereby covenants and agrees to keep and <br />maintain those funds and accounts created by the Pledge Resolutions, such funds and accounts <br />consisting of a Century Center Project Principal and Interest Account (the "Century Center <br />Principal and Interest Account "), a Hall of Fame Project Principal and Interest Account (the <br />"Hall of Fame Principal and Interest Account ") and such other accounts as the Commission may <br />from time to time establish to pay the rentals owed by the Commission pursuant to the Lease as <br />the same may be amended by the Fourth Addendum. <br />Section 3. The Commission hereby acknowledges and restates its obligation <br />pursuant to the Pledge Resolutions to levy in each calendar year a special tax upon all of the <br />C; taxable property in the South Bend Redevelopment District in a total amount sufficient, together <br />BDDB01 6649917vl - 3 - <br />