No. 1180 approving the execution of an addendum to the lease dated 8/1/90 between the SBRC and the SBRA for certain land and public improvements located thereon

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EXHIBIT A ADDENDUM TO LEASE Addendum to Lease Between South Bend Redevelopment Authority, as Lessor, and South Bend Redevelopment Commission, as Lessee (Airport Economic Development Area Public Improvement Project) THIS ADDENDUM, entered into as of the 9th day of July, 1993 (the "Addendum ") , between the South Bend Redevelopment Authority, a body corporate and politic organized and existing under IC 36 -7 -14.5 (the "Authority "), and the South Bend Redevelopment Commission (the "Lessee "), WITNESSETH• In consideration of the mutual covenants herein contained, it is agreed that the lease previously entered into between the Authority and the Lessee dated as of August 1, 1990, and as amended by the Addendum to Lease entered into between the Authority and Lessee dated as of January 29, 1991, both of which were recorded in the office of the Recorder of St. Joseph County, Indiana, (recording numbers 9102772 and 9102773 respectively) (hereinafter collectively referred to as the "Lease ") , shall be amended as follows: 1. Section 4(b) of the Lease is amended to read as follows: (b) Taxable Project. The first semiannual rental installment in the amount of One Hundred Forty -Two Thousand and 00/100 Dollars ($142,000) shall be due on January 28, 1994. Thereafter such rentals shall be payable in advance in semiannual installments on January 28 and July 28 of each year as provided for in the lease payment schedule attached hereto as Exhibit E. In the case of the Tax - Exempt Project, the Lessee will not take any action or fail to take any action that would result in the loss of the exclusion from gross income for federal tax purposes of interest on the Bonds pursuant to Section 103(a) of the Internal Revenue Code of 1986, as amended (the "Code ") , as in effect on the date of delivery of the Bonds, nor will the Lessee act in any manner which would adversely affect such exclusion. The Lessee further covenants that it will not make any investment or do any other act or thing during the period that any Bond is outstanding hereunder which would cause any Bond to be an "arbitrage bond" within the meaning of Section 148 of the Code and the regulations thereunder as in effect on the date of delivery of the Bonds. All officers, members, employees and agents of the Lessee are authorized and directed to provide certifications of