No. 1124 amending resolution No. 1118 entitled "authorizing the issuance of bonds on parity with the COSB redevelopment district tax increment revenue bonds of 1985, 1985, 1988 for the purpose of raising money for redevelopment in the SBCAA"

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aggregate principal amount of Two Million Nine Hundred Thousand and 00 /100 Dollars ($2,900,000.00) (the "Bonds "); and WHEREAS, the Final Bond Resolution provides that the Bonds will mature and be payable annually on February 1 in the years 1998 through and including 2013 in various principal amounts; and WHEREAS, the Commission desires to amend the Final Bond Ordinance to provide that the Bonds will mature and be payable on February 1 in the years 1999 through and including 2013 in various principal amounts; and WHEREAS, Section 10 of the Final Bond Resolution authorizes the President of the Commission to execute and deliver a bond purchase agreement and the Commission desires to amend Section 10 of the Final Bond Resolution to permit the President or Vice - President of the Commission to execute and deliver a bond purchase agreement; and WHEREAS, the Commission desires to further amend the Final Bond Resolution to authorize the issuance of bond anticipation notes ( "BANs ") to the Indiana Bond Bank pursuant to the provisions of Indiana Code 5 -1.5 to finance the Project (as that term is defined in the Final Bond Resolution) which BANs shall be payable from the proceeds of the Bonds, from the Tax Increment (as that term is defined in the Final Bond Resolution) and any other source available to the Commission and to authorize the refunding of said BANs; however, the payment of the BANS from the Tax Increment shall be junior and subordinate to the payment of the 2