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WHEREAS, the Authority previously entered into a lease <br />between the Authority and the Commission dated as of August 1, <br />1990, which Lease was amended by the Addendum to Lease entered into <br />between the Authority and the Commission and dated as of January <br />29, 1991 (collectively, the "Lease ") , which Lease was heretofore <br />approved by this Commission, and pursuant to which the Authority <br />leases to the Commission certain land and public improvements <br />located thereon (the "Taxable Project "); and <br />WHEREAS, the Commission desires to approve and execute <br />an Addendum to Lease (the "Addendum "), a copy of which is attached <br />hereto as Exhibit A and incorporated herein, to reflect lower <br />rental payments under the Lease. <br />NOW, THEREFORE, BE IT RESOLVED, by this South Bend <br />Redevelopment Commission as follows: <br />Section 1. The Addendum attached hereto as Exhibit A <br />is hereby approved and the President or Vice President and <br />Secretary of the Commission are hereby authorized to execute said <br />Addendum in substantially the form presented at this meeting with <br />such changes in form or substance as the President or Secretary of <br />this Commission shall approve, such approval to be conclusively <br />evidenced by the execution thereof. The Addendum shall be <br />effective and the Lease shall be amended as of the date (the <br />"Deposit Date ") when the Authority deposits or causes to be <br />deposited proceeds derived from the sale of the Bonds into an <br />escrow fund to be established by that certain Irrevocable Escrow <br />Deposit Agreement between the Authority and Norwest Bank Indiana, <br />-2- <br />