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No. 1674 establishing certain funds/accounts in connection with lease dated 3/1/99 between SBRC & SBRA relating to acquisition of certain land & removal of improvements
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No. 1674 establishing certain funds/accounts in connection with lease dated 3/1/99 between SBRC & SBRA relating to acquisition of certain land & removal of improvements
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of the Lease rental payments. Any such TIF Revenues and CEDIT Revenues received by the <br />Commission designated for payment of Lease rental payments pursuant to the Lease shall be <br />deposited into the Downtown Property Acquisition Project Principal and Interest Account of the <br />Redevelopment District Bond Fund and appropriated solely for the payment of the Lease rental <br />payments. <br />Section 3. The Commission hereby ratifies the action taken by the President and <br />Secretary of the Commission to execute and attest, respectively, the Lease. <br />Section 4. This Resolution shall be in full force and effect after its adoption by <br />the Commission and shall not be repealed or amended in any manner which would serve to adversely <br />affect the pledge of the TIF Revenues and CEDIT Revenues contained herein. <br />co ADOPTED at a meeting of the South Bend Redevelopment Commission held on <br />March 19,1999, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana <br />46601. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />By: <br />Robert W. Hunt, President <br />ATTEST: <br />UX "' ia S. Schwartz, Secretary 4;M <br />Z&41W!2.h <br />-3- <br />:ODMA\PCDOCS\SBDOCS 1\3401 0\ l <br />
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