No. 1065 amending Resolution No. 1054 and amending the resolutions unbder which tax incremnent bonds are outstanding

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Tax Increment Revenue Bonds of 1988" (the 111988 Bonds ") under Resolution No. 819 (the 111988 Resolution "); and WHEREAS, the Commission now wishes to make certain amendments to said Resolution No. 1054, including by amending certain provisions of the Prior Resolutions and 1988 Resolution, and wishes to entirely restate Resolution No. 1054 so that all such amendments are set forth in one place. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission, governing body of the City of South Bend, Department of Redevelopment, that Resolution No. 1054 adopted May 1, 1992 is amended in its entirety to read as follows: Section 1. The Bonds. For the purpose of providing funds to be used as provided above, the City of South Bend (the "City "), acting for and on behalf of the South Bend Redevelopment District, shall borrow money in an aggregate principal amount not to exceed Five Million Forty -Five Thousand Dollars ($5,045,000.00). In order to procure said loan, the City Controller is hereby authorized and directed to have prepared and to issue and sell the negotiable Bonds of the City payable solely from incremental taxes on real property located in the Area allocated and deposited in the Allocation Fund (hereinafter described), proceeds from the sale or leasing of property in the Area pursuant to IC §36- 7 -14 -22 deposited in the Allocation Fund pursuant to IC §36- 7 -14 -26 (together, the "Tax Increment ") and earnings thereon, which Bonds shall be issued in denominations of Five Thousand Dollars ($5,000.00) or any integral multiple thereof, shall be numbered -3-