No. 1673 authorizing the execution of a lease for certain public improvements on behalf of the COSB and regarding other realted matters

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r RESOLUTION NO. 1673 co RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE EXECUTION OF A LEASE FOR CERTAIN PUBLIC IMPROVEMENTS ON BEHALF OF THE CITY OF SOUTH BEND AND REGARDING OTHER RELATED MATTERS 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 "); and WHEREAS, the Authority on March 1, 1999, adopted a resolution indicating its intent to issue its South Bend Redevelopment Authority lease rental revenue notes for the purpose of obtaining money for the acquisition of real property generally located at the corner of Main and Jefferson in South Bend, Indiana, and removal of improvements located thereon (the "Main and Jefferson Portion ") and the acquisition of real property generally located at the southeast corner of Monroe and Lafayette in South Bend, Indiana, which has been targeted for the construction of a new Studebaker National Museum (the "Studebaker Lot Portion ") (collectively referred to as the "Project ") pursuant to IC 36 -7- 14.5 -19 and approving a proposed lease between the Authority and the Commission for the Project and filed a copy of the proposed lease with the Commission; and WHEREAS, on February 19, 1999, the Commission approved the proposed lease, scheduled a public hearing on the lease to be held on March 19 1999 at 10:00 a.m. local time in p g ( )� Room 1308, County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana, and authorized the publication of a notice of public hearing on the lease pursuant to IC 5 -3 -1; and WHEREAS, a notice of public hearing on the lease was published on February 26, 1999, pursuant to IC 5 -3 -1; and