Laserfiche WebLink
RESOLUTION NO. 1258 <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 />CENTURY CENTER 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 Lease Rental Revenue Bonds of 1994 (Century Center <br />Project) (the "Bonds") , the proceeds of which are to be used to <br />finance the costs of: (i) acquiring the existing Century Center <br />facility and constructing certain improvements thereto and (ii) <br />issuance of 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 />Ark <br />commission; and <br />WHEREAS, the State Board of Tax Commissioners issued its <br />order approving the Lease pursuant to IC 6-1.1-18.5-8 on November <br />24, 1993; <br />