No. 1646 establishing certain funds and accounts in connection with the lease dated as of 7/1/92 as amended between the SBRC and the SBRA for the Blackthorn Golf Course project

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c RESOLUTION NO. 1646 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION ESTABLISHING CERTAIN FUNDS AND ACCOUNTS IN CONNECTION WITH THE LEASE DATED AS OF JULY 1, 1992, AS AMENDED, BETWEEN THE SOUTH BEND REDEVELOPMENT COMMISSION AND THE SOUTH BEND REDEVELOPMENT AUTHORITY FOR THE BLACKTHORN GOLF COURSE PROJECT WHEREAS, the South Bend Redevelopment Authority (the "Authority ") has been created pursuant to IC 36 -7 -14.5 as a separate body, corporate and politic, and as an instrumentality of the City of South Bend to finance local public improvements for lease to the South Bend Redevelopment Commission (the "Commission "); WHEREAS, the Authority intends to issue bonds in an aggregate principal amount not to exceed Seven Million and 00 /100 Dollars ($7,000,000.00) pursuant to IC 36 -7- 14.5 -19 and IC 5 -1 -5 to be known as the "South Bend Redevelopment Authority Lease Rental Revenue Refunding Bonds of 1998 (Blackthorn Golf Course Project)" (the "Bonds "), the proceeds of which are to be used to refund the South Bend Redevelopment Authority Lease Rental Revenue Bonds (Blackthorn Golf Course Project) issued by the Authority in 1992, and to pay the costs of issuance of the Bonds; WHEREAS, the Authority previously entered into a lease between the Authority and the Commission dated as of July 1, 1992, which lease was amended by the Addendum to Lease entered into between the Authority and the Commission and dated as of October 2, 1992, (collectively, the "Lease "), which Lease was heretofore approved by this Commission, and pursuant to which the Authority leases to the Commission certain local public improvements, namely the Blackthorn Golf Course and related improvements;