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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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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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10/18/2012 2:56:24 PM
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06/28/99 <br />214,500 <br />12/28/99 <br />214,500 <br />06/28/00 <br />217,000 <br />12/28/00 <br />217,000 <br />06/28/01 <br />189,000 <br />12/28/01 <br />189,000 <br />06/28/02 <br />209,500 <br />12/28/02 <br />209,500 <br />06/28/03 <br />218,500 <br />12/28/03 <br />218,500 <br />06/28/04 <br />216,000 <br />12/28/04 <br />216,000 <br />06/28/05 <br />115,500 <br />12/28/05 <br />115,500 <br />06/28/06 <br />225,500 <br />12/28/06 <br />225,500 <br />06/28/07 <br />203,000 <br />12/28/07 <br />203,000 <br />06/28/08 <br />81,500 <br />12/28/08 <br />81,500 <br />4. The parties hereto acknowledge that all remaining <br />terms, covenants and conditions as set forth in the Lease between <br />the parties hereto shall remain in full force and effect. <br />5. This Addendum shall take effect as of the date (the <br />"Deposit Date ") when the Authority deposits or causes to be <br />deposited proceeds derived from the sale of its South Bend <br />Redevelopment Authority Lease Rental Revenue Bonds (Parking <br />Facility Refunding) into an escrow fund established pursuant to an <br />Irrevocable Escrow Deposit Agreement, such Agreement to be dated <br />as of June 1, 1992, between the Authority and Norwest Bank Indiana, <br />N.A., for the purpose of refunding the South Bend Redevelopment <br />Authority Lease Rental Revenue Bonds (Parking Facility Project), <br />dated August 1, 1988. Such Deposit Date shall be endorsed on this <br />Addendum at the end hereof by the parties hereto as soon as the <br />same can be done after the deposit into the Escrow Fund and the <br />Addendum shall be recorded as so endorsed. <br />-3- <br />
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