No. 1158 authorizing the execution of an agency agreement with the Board of Public Works of the COSB and ratifying certain actions taken in connection therewith

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RESOLUTION NO. 1158 A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE EXECUTION OF AN AGENCY AGREEMENT WITH THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, AND RATIFYING CERTAIN ACTIONS TAKEN IN CONNECTION THEREWITH WHEREAS, the Commission, at a meeting on December 4, 1992, adopted Resolution No. 1118 authorizing the issuance of bonds on parity with the City of South Bend Redevelopment District tax increment revenue bonds of 1985, the City of South Bend Redevelopment District bonds of 1986 and the City of South Bend Redevelopment District bonds of 1988 designated for the purpose of raising money for redevelopment in the South Bend Central Allocation Area (the "Final Bond Resolution "), said redevelopment consisting of financing certain costs associated with the construction of the College Football Hall of Fame (the "Project "); and WHEREAS, at a meeting on December 18, 1992, the Commission adopted Resolution 1124, amending the Final Bond Resolution, providing certain amendments thereto, including authorizing the issuance of City of South Bend Redevelopment District Tax Increment Revenue Bond Anticipation Notes of 1992, in an aggregate principal amount not to exceed $2.9 million; and WHEREAS, at a meeting on January 4, 1993, the Commission adopted Resolution No. 1126, amending said Resolution 1124, to address dates on which interest is payable on the South Bend Redevelopment District Tax Increment Revenue Bond Anticipation Notes of 1992 and to provide that all references to the "City of South Bend Redevelopment District Tax Increment Bond Anticipation Notes of 1992" shall be changed to the "City of South Bend Redevelopment District Tax Increment Revenue Bond Anticipation Notes of 1993" (the "BANS "); and WHEREAS, on December 30, 1992, the BANs were issued to and sold by the Indiana Bond Bank, with closing on the same occurring on January 6, 1993; and WHEREAS, the Authority at a meeting on June 4, 1993, adopted a resolution approving the execution of an Agency Agreement with the Board of Public Works; and WHEREAS, the Commission and the Board of Public Works desire to enter into this Agency Agreement to permit the design, purchase, and construction of the Project pursuant to the terms hereof; and WHEREAS, the Board of Public Works desires to act as the agent of the Commission for the purposes of designing, purchasing, and constructing the Project; NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION THAT the Commission hereby approves the execution of the Agency Agreement with the City of South Bend by and through its Board of Public Works as attached hereto as Exhibit "A" and the Secretary of the Commission is hereby directed to file a copy of the Agency Agreement with the Board of Public Works. Adopted at a meeting of the South Bend Redevelopment Commission held at 10:00 a.m. EST, on June 4, 1993, at 1308 County - City Building, South Bend, IN 46601. SOU,Tf BEND /REDEVELOPMENT COMMISSION i�*-��'.'L / `� Paula N. Auburn, President ATTEST: Theo F. Sharp, Sbcretar