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RESOLUTION NO. %46;p , <br />® RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROVING THE EXECUTION OF AN ADDENDUM TO <br />THE LEASE DATED AS OF SEPTEMBER 11, 1996, BETWEEN THE <br />SOUTH BEND REDEVELOPMENT COMMISSION AND THE SOUTH <br />BEND REDEVELOPMENT AUTHORITY FOR CERTAIN LAND AND <br />PUBLIC IMPROVEMENTS LOCATED THEREON <br />WHEREAS, the South Bend Redevelopment Authority (the "Authority ") has been <br />created pursuant to IC 36 -7 -14.5 as a separate body, corporate and politic, and as an <br />instrumentality of the City of South Bend to finance local public improvements for lease to the <br />South Bend Redevelopment Commission (the "Commission "); and <br />WHEREAS, the Authority intends to issue bonds in an aggregate principal amount <br />not to exceed of Three Million Seven Hundred Ninety Thousand and 00 /100 Dollars <br />($3,790,000.00) pursuant to IC 36 -7- 14.5 -19 to be known as the "South Bend Redevelopment <br />Authority Lease Rental Revenue Refunding Bonds, Series 1996 A (South Bend Central <br />Development Area Public Improvement Project)" (the 'Bonds "), the proceeds of which are to be <br />used to refund the South Bend Redevelopment Authority Lease Rental Revenue Bonds (South <br />Bend Central Development Area Public Improvement Project) issued by the Authority in 1990, <br />and to pay the costs of issuance of the Bonds; and <br />WHEREAS, the Authority previously entered into a lease between the Authority <br />and the Commission dated as of November 1, 1989, which Lease was amended by the Addendum <br />fflk <br />to Lease entered into between the Authority and the Commission and dated as of April 6, 1990 <br />(collectively, the "Lease "), which Lease was heretofore approved by this Commission, and <br />