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pursuant to which the Authority leases to the Commission certain land and the public <br />improvements located thereon (the "Project "); and <br />WHEREAS, the Commission desires to approve and execute an addendum to the <br />Lease (the "Addendum "), a copy of which has been presented to this meeting, to reflect lower <br />rental payments under the Lease. <br />NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment <br />Commission as follows: <br />Section 1. The Addendum is hereby approved and the President or Vice <br />President and Secretary of the Commission are hereby authorized to execute and attest said <br />Addendum in substantially the form presented at this meeting with such changes in form or <br />substance as the President or Vice - President or Secretary of this Commission shall approve, such <br />approval to be conclusively evidenced by the execution and attestation thereof. The Addendum <br />shall be effective and the Lease shall be amended as of the date (the "Deposit Date ") when the <br />Authority deposits or causes to be deposited proceeds derived from the sale of the Bonds into an <br />escrow fund to be established by that certain Irrevocable Escrow Deposit Agreement between the <br />Authority and Norwest Bank Indiana, N.A., dated as of January 15, 1997, to reduce the annual <br />rental payments payable in semi - annual installments. The Deposit Date shall be recorded as an <br />endorsement to the Addendum. <br />Section 2. This Resolution shall be in full force and effect after its adoption <br />by the Commission. <br />-2- <br />