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period beginning on July 1 of the following calendar year pursuant <br />to Section 4 of the Lease. In determining the amount of the <br />special tax required to pay such lease rentals payments as <br />described herein, the Commission may also take into account and <br />may correspondingly offset the amount of such special tax by the <br />amount of the funds on deposit in the Reserve Fund established <br />pursuant to the Trust Agreement between the Authority and Norwest <br />Bank Indiana, N.A, dated as May 15, 1994 (the "Trust Agreement "), <br />only to the extent such funds have not been previously used to <br />offset the amount of the special tax or will not otherwise have to <br />be applied by the Authority to meet its obligations under the Trust <br />Agreement for the next following twelve (12) month period. Such <br />taxes shall be deposited in the Century Center Project Principal <br />and Interest Account and such taxes and any other funds in the <br />Century Center Project Principal and Interest Account shall be <br />irrevocably pledged for the purposes set forth in this Resolution. <br />Section 3. This Resolution shall be in full force and <br />effect after its adoption by the Commission. <br />ADOPTED at a meeting of the South Bend Redevelopment <br />Commission held on May 20, 1994, at 1308 County -City Building, 227 <br />West Jefferson Boulevard, South Bend, Indiana 46601. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />By: <br />Paula N. Auburn, President <br />ATTEST: <br />Theo F. Sharp, Secr ' ary <br />rrrompol\ sthbend\ hallofam \luestab.rc;drf;5 -19 -94 <br />-3- <br />