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amounts constituting rent owed to the Commission under the Sublease, a quitclaim deed transferring <br />title to the Real Property to Housing Associates; and <br />WHEREAS, Indiana Code 36- 1 -11 -8 provides for the transfer of real property <br />between governmental entities upon terms and conditions as are agreed upon by the entities as <br />evidenced by the adoption of substantially identical resolutions by each entity; and <br />WHEREAS, the Commission had previously offered the Real Property to the public <br />for lease pursuant to the terms of the Sublease in accordance with the provisions of I.C. 36- 7- 14 -22; <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND <br />REDEVELOPMENT COMMISSION, AS FOLLOWS: <br />1. The Commission hereby approves of the amendment of the Lease to remove <br />the Real Property from the description of the Project contained in the Lease. The President and <br />Secretary of the Commission are hereby authorized to execute and attest, respectively, an Addendum <br />to Lease in substantially the form presented to this meeting with such changes as the President and <br />Secretary of the Commission deem necessary or appropriate upon the advice of counsel, said officers' <br />execution and attestation thereof to be conclusive evidence of their approval of such changes. <br />2. The Commission hereby approves of the transfer of title to the Real Property <br />by the Authority to the Commission. <br />3. In consideration of the payment of the Option Price and all other amounts <br />owed to the Commission under the Sublease, the Commission hereby approves of the subsequent <br />transfer of title to the Real Property to Housing Associates and authorizes the President and Secretary <br />of the Commission to execute and attest, respectively, a quitclaim deed as prepared by counsel and <br />such other documents as may be necessary, if any, to evidence the transfer of title to the Real <br />-2- <br />ODMATCDOCS\SBDOCS 1 \9600 \1 <br />