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purpose of the City of South Bend and is in the best interests of <br />its residents. <br />3. The Secretary of the Commission is hereby directed <br />to transmit to the South Bend Common Council a copy of this <br />Resolution and to file with said Common Council an approving <br />ordinance for the purpose of said Council's finding, prior to <br />execution of the lease, that the Rental Payments are fair and <br />reasonable and approving the lease. <br />4. The President, Vice President and Secretary of the <br />Commission, and each of them, is hereby authorized and directed to <br />file a petition for approval of execution of the lease with the <br />State Board of Tax Commissioners pursuant to IC 6 -1.1- 18.5 -8, <br />subsequent to passage of said approving ordinance of the Common <br />Council. <br />5. The President, Vice President and Secretary of this <br />Commission, and each of them, is hereby authorized and directed to <br />take all such further actions and to execute all such instruments <br />as are desirable to carry out the transactions contemplated by this <br />Resolution, in such form as the President, Vice President and <br />Secretary executing the same shall deem proper, to be evidenced by <br />the execution thereof. <br />6. This Resolution shall be in full force and effect <br />after its adoption by the Commission. <br />ADOPTED at a meeting of the South Bend Redevelopment <br />Commission held on September 14, 1990, at the office of the <br />-3- <br />\BDDONALD \BONDS \SOBEND \AIRPORT \LUAUTHEX;clb;09 /12/90 <br />