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RESOLUTION NO. 959 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AUTHORIZING THE EXECUTION OF <br />A LEASE FOR CERTAIN LAND AND <br />PUBLIC IMPROVEMENTS ON BEHALF OF THE <br />CITY OF SOUTH BEND AND REGARDING OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority ") has been created pursuant to IC 36 -7 -14.5 as a <br />separate body, corporate and politic, and as an instrumentality of <br />the City of South Bend to finance local public improvements for <br />lease to the South Bend Redevelopment Commission (the <br />"Commission "); and <br />WHEREAS, the Authority on August 2, 1990, adopted a <br />resolution indicating its intent to issue its South Bend <br />Redevelopment Authority lease rental revenue bonds for the purpose <br />of obtaining money for the cost of certain land and public <br />improvements and related expenses (the "Project ") pursuant to <br />IC 36 -7- 14.5 -19; and <br />WHEREAS, on August 30, 1990, the Authority adopted a <br />resolution approving a proposed lease between the Authority and the <br />Commission for certain land and public improvements and filed a <br />copy of the proposed lease with the Commission; and <br />WHEREAS, on August 31, 1990, the Commission approved the <br />proposed lease, scheduled a public hearing on the lease to be held <br />on September 14, 1990, at 10:00 a.m. (local time), at the office <br />of the Commission and authorized the <br />publication of a notice of <br />public hearing on the lease pursuant to IC 5 -3 -1; and <br />