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RESOLUTION NO. 1268 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />ESTABLISHING CERTAIN FUNDS AND ACCOUNTS IN CONNECTION <br />WITH THE LEASE DATED AS OF NOVEMBER 1, 1993, BETWEEN <br />THE SOUTH BEND REDEVELOPMENT COMMISSION AND THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY RELATING TO THE <br />HALL OF FAME PROJECT AND OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority ") has been created pursuant to IC 36 -7 -14.5 as a <br />separate body, corporate and politic, and as an instrumentality of <br />the City of South Bend to finance local public improvements for <br />lease to the South Bend Redevelopment Commission (the <br />"Commission "); and <br />WHEREAS, the Authority intends to issue bonds pursuant <br />to IC 36 -7- 14.5 -19 to be known as the "South Bend Redevelopment <br />Authority Variable Rate Demand Lease Rental Revenue Bonds of 1994 <br />(College Football Hall of Fame Project)" (the "Bonds ") , the <br />proceeds of which are to be used to finance the costs of: (i) <br />constructing the College Football Hall of Fame and (ii) issuing of <br />the Bonds (the "Project "); and <br />WHEREAS, the Authority intends to lease the Project to <br />the Commission pursuant to a lease dated as of November 1, 1993 <br />(the "Lease "), which Lease was heretofore approved by this <br />Commission; and <br />