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NOTICE OF EXECUTION AND APPROVAL OF LEASE <br />(College Football Hall of Fame/ <br />Century Center Project) <br />The South Bend Redevelopment Commission (the <br />"Commission "), governing body of the Redevelopment District of the <br />City of South Bend, Indiana (the "Redevelopment District ") , has <br />executed a Lease dated as of November 1, 1993, with the South Bend <br />Redevelopment Authority (the "Authority ") providing for the <br />acquisition by lease /purchase by the Commission from the Authority <br />of certain land and public improvements consisting of the Century <br />Center to be acquired by the Authority and improvements to be <br />constructed thereto and a facility to house the College Football <br />Hall of Fame to be constructed by the Authority on land either <br />owned or to be acquired by the Authority (the "Project ") as <br />described in said Lease. After a public hearing held on the <br />proposed lease by the Commission on November 15, 1993, at which <br />all interested parties were provided the opportunity to be heard, <br />the Commission adopted its Resolution No. 1199 which, among other <br />things, authorized and directed the President or Vice President and <br />Secretary of the Commission, on behalf of the City of South Bend, <br />to execute and deliver the Lease in substantially the form <br />presented at the meeting and found that the rental payments to be <br />paid by the Commission are fair and reasonable and that the use of <br />the Project throughout the term of the Lease will serve the public <br />purpose of the City of South Bend and is in the best interests of <br />its residents. <br />°iT F'a Tf T <br />k :� 71, <br />