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2. The Rental Payments to be paid by the Commission, pursuant to the terms <br />of the Amended and Restated Lease for the Additional Project, at a rate not to exceed One <br />Million Three Hundred Ninety Thousand and 00 /100 Dollars ($1,390,000.00) per year in <br />semiannual installments beginning on the day the Project is completed and ready for use, or July <br />28, 1999, whichever is later, through expiration of the lease, are fair and reasonable, and the use <br />of the Project throughout the term of the Amended and Restated Lease will serve the public <br />purpose of the City and is in the best interests of its residents. <br />3. The Secretary of the Commission (the "Secretary ") is hereby directed to <br />transmit to the South Bend Common Council a copy of this Resolution and the Commission <br />hereby approves and ratifies action taken by the Secretary to file with said Common Council an <br />approving ordinance for the purpose of said Council's finding, prior to execution of the Amended <br />and Restated Lease, that the Rental Payments are fair and reasonable and approving the Amended <br />and Restated Lease. <br />4. The Commission hereby authorizes the President or Vice President and <br />Secretary of the Commission to file a petition for approval of execution of the Amended and <br />Restated Lease with the State Board of Tax Commissioners pursuant to I.C. 6 -1.1- 18.5 -8. <br />5. The President, Vice President and Secretary of this Commission, and each <br />of them, is hereby authorized and directed to take all such further actions and to execute all such <br />instruments as are desirable to carry out the transactions contemplated by this Resolution, in such <br />form as the President, Vice President and Secretary executing the same shall deem proper, to be <br />evidenced by the execution thereof. <br />-3- <br />