No. 2017 amending resolution No. 1965 a bond resolution of the SBRC authorizing issuance of tax increment revenue bonds, series 2003, of the SB redevelopment district as previously amended by resolution No. 2004

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RESOLUTION NO. 2017 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AMENDING RESOLUTION NO. 1965 ENTITLED "A BOND RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF TAX INCREMENT REVENUE BONDS, SERIES 2003, OF THE SOUTH BEND REDEVELOPMENT DISTRICT" AS PREVIOUSLY AMENDED BY RESOLUTION NO. 2004 WHEREAS, the South Bend Redevelopment Commission (the "Commission "), the governing body of the South Bend Department of Redevelopment (the "Department ") and the South Bend Redevelopment District (the "Redevelopment District "), exists and operates under Indiana Code 36 -7 -14, as amended from time to time (the "Act "); and WHEREAS, the Commission has previously designated and declared an area in the City of South Bend, Indiana (the "City ") known as the Airport Economic Development Area to be an economic development area and an allocation area (the "Area ") for purposes of tax increment financing and established an allocation fund for said Area (the "Allocation Fund "); and WHEREAS, the Commission has previously adopted Resolution No. 1965 entitled "A Bond Resolution of the South Bend Redevelopment Commission Authorizing the Issuance of Tax Increment Revenue Bonds, Series 2003, of the South Bend Redevelopment District" (the "Bond Resolution ") which Bond Resolution authorized the issuance of bonds of the Redevelopment District payable solely from tax increment revenues (the "Bonds "); and WHEREAS, the Commission has previously adopted Resolution No. 2004 entitled "A Resolution of the South Bend Redevelopment Commission Amending Solution No. 1965 entitled 'A Bond Resolution of the South Bend Redevelopment Commission Authorizing the Issuance of Tax Increment Revenue Bonds, Series 2003, of the South Bend Redevelopment District "' amending the Bond Resolution; and WHEREAS, the Bond Resolution, as amended, authorizes bonds to be issued in the name of the City on behalf of the Redevelopment District which shall be designated "City of South Bend, Indiana, Redevelopment District Tax Increment Revenue Bonds, Series 2003 (Airport Economic Development Area)" in an aggregate principal amount not to exceed Thirteen Million and 00 /100 Dollars ($13,000,000.00) to finance the Project (as defined in the Bond Resolution); and WHEREAS, the Commission has determined that additional funds are necessary to pay for the Project and desires to make further amendments to the Bond Resolution to SBIMAN 1 164709v 1