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No. 1627 amending resolution No. 1258 establishing certain funds/accounts with connection with lease dated 11/1/93 between the SBRC and SBRA relating to Century Center project/related matters
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No. 1627 amending resolution No. 1258 establishing certain funds/accounts with connection with lease dated 11/1/93 between the SBRC and SBRA relating to Century Center project/related matters
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10/18/2012 2:16:34 PM
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Commission. <br />Bank Indiana, N.A., dated as May 15, 1994 (the "Trust Agreement "), only to the <br />extent such funds have not been previously used to offset the amount of the <br />special tax or will not otherwise have to be applied by the Authority to meet its <br />obligations under the Trust Agreement for the next following twelve (12) month <br />period. Such taxes shall be deposited in the Century Center Project Principal and <br />Interest Account and such taxes and any other funds in the Century Center <br />Project Principal and Interest Account shall be irrevocably pledged for the <br />purposes set forth in this Resolution. <br />Section 2 This Resolution shall be in full force and effect after its adoption by the <br />ADOPTED at a meeting of the South Bend Redevelopment Commission held on August <br />7, 1998, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. <br />SOUTH BEND ��PTLOPMENT COMMISSION <br />By: <br />President <br />::ODNiA\PCDOCS \SBDOCS 1 \18911 \1 -3- <br />
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