No. 1582 approving a modification to the lease for Morris Performing Arts Center project and approving the execution of an addendum to the lease

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in equal semiannual installments. Such amount of reduced annual rental shall be (or endorsed on this Lease at the end hereof by the parties hereto as soon as the same can be done after the sale of the Additional Bonds, and such endorsement shall be recorded as an addendum to this Lease. In the case of the Additional/Combined Project, the Lessee will not take any action or fail to take any action that would result in the loss of the exclusion from gross income for federal tax purposes of interest on the Additional Bonds pursuant to Section 103(a) of the Internal Revenue Code of 1986, as amended (the "Code "), as in effect on the date of delivery of the Additional Bonds, nor will the Lessee act in any manner which would adversely affect such exclusion. The Lessee further covenants that it will not make any investment or do any other act or thing during the period that any Additional Bond is outstanding hereunder which would cause any Additional Bond to be an "arbitrage bond" within the meaning of Section 148 of the Code and the regulations thereunder as in effect on the date of delivery of the Additional Bonds. All officers, members, employees and agents of the Lessee are authorized and directed to provide certifications of facts and estimates that are material to the reasonable expectations of the Lessee as of the date the Additional Bonds are issued and to enter into covenants on behalf of the Lessee evidencing the Lessee's commitments made herein. 3. Exhibit C of the Lease as amended to read as follows: PROJECT DESCRIPTION Additional Project EXHIBIT C The Additional Project consists of the acquisition, construction, renovation, and equipping of the Morris Civic Center, specifically: (i) the renovation of the auditorium, including the installation of new seating, restoration of plaster and painting restoration with historic decorative painting, installation of new draperies and curtains, improvement of the current existing lighting, replacement of the historical marquee; renovation and construction of concession areas; renovation and construction of restroom improvements; installation and construction of a new sound mixing position; and the renovation and construction of several technical booths (to provide for projection, follow spot lighting, lighting, and audio); the renovation and installation of theatrical lighting, architectural lighting, a cloak room and additional ticket booth; (ii) demolition of the existing stagehouse and construction and equipping of an expanded stage house which will extend approximately fifty (50) feet west of the existing Morris Civic Center with a height of approximately seventy (70) feet which stagehouse will contain a stage, stage floor, storage areas, dressing rooms, makeup rooms, restrooms, a piano vault, equipment and instrument storage rooms, a stage manager's booth, a loading dock with capacity for two (2) tractor - trailers, a fire curtain, a main curtain, -3- ODMA \PCDOCS \SBDOCS 1 \7369\ 1