No. 1082 approving the eecution of an addendum to the lease dated 6/1/88 between the SBRC and the SBRA for certain land and a parking facility located thereon

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EXHIBIT A Addendum to Lease Between South Bend Redevelopment Authority, as Lessor, and South Bend Redevelopment commission, as Lessee (Parking Garage Facility) THIS ADDENDUM, entered into as of the day of July, 1992 (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 June 1, 1988, and as amended by the Addendum to Lease entered into between the Authority and Lessee dated as of July 29, 1988, both of which were recorded in the office of the Recorder of St. Joseph County, Indiana, (recording number 8821028) (hereinafter collectively referred to as the "Lease "), shall be amended as follows: 1. Section 3 of the Lease is amended to read as follows: g Section 3. Rental Payments. (a) During the term of this Lease, the Lessee agrees to pay rental for said premises as set forth in Section 4 hereof. Such rental shall be paid from the Parking Garage Principal and Interest Account of the Redevelopment E District Bond Fund. All rentals payable under the terms of this Lease shall be paid to the Trustee or to such other bank or trust company as may from time to time succeed the Trustee under the Trust Agreement. All payments so made shall be considered as payments to the Authority of the rental payable hereunder. The Lessee shall receive a credit on such rental payment in an amount equal to the amount then in the South Bend Redevelopment Authority Parking Garage Facility Sinking Fund created by Section 3.02 of the Trust Agreement. The Lessee shall also receive credit for any Bond maturing within forty -five (45) days of the date of the lease rental payment, at the face value thereof, which the Lessee acquires and delivers to the Trustee as a part of its lease rental payment; (b) As additional rental the Lessee agrees to pay all fees, charges and reimbursement of expenses of the Trustee under the Trust Agreement and all prudent charges and expenses of the Authority incurred in the performance of its obligations hereunder.