No. 1030 establishing certain funds/accounts in connection with the lease dated 6/1/88 and as amended by an addendum thereto dated as of 11/1/91 between the SBRC and SBRA

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WHEREAS, the Commission has approved and authorized the execution of an addendum to the Lease (the "Addendum ") to reflect ew lower rental payments under the Lease; and WHEREAS, the Commission, by Resolution No. 849 (the "Pledge Resolution "), adopted at a meeting on June 17, 1988, established certain funds and accounts for the payment of the rentals owed by the Commission pursuant to said Lease. NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment Commission as follows: Section 1. The Commission hereby covenants and agrees to keep and maintain those funds and accounts created by the Pledge Resolution, such funds and accounts consisting of a Stadium Principal and Interest Account and such other accounts as the Commission may from time to time establish to pay the rentals owed by the Commission pursuant to the Lease as amended by the Addendum. Section 2. The Commission hereby acknowledges and restates its obligation pursuant to the Pledge Resolution to levy in each calendar year a special tax upon all of the taxable property in the City of South Bend Redevelopment District in a total amount sufficient, together with all other funds in the Stadium Principal and Interest Account deposited into such account from any other sources (other than such special taxes) during the previous 12 calendar months prior to August 1 of such calendar Ire year, to pay all lease rental payments payable in the 12 -month period beginning on July 1 of the following calendar year. Such taxes shall be deposited in the Stadium Principal and Interest -2-