No. 0984 authorizing mailing of official notice of redemption by registrar of the $950,000 COSB Redevelopment District tax increment revenue bonds of 1990 after such time the SBRA lease rental revenue bonds (AEDA PIP) have been issued

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RESOLUTION NO. 984 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING MAILING OF THE OFFICIAL NOTICE OF REDEMPTION BY THE REGISTRAR OF THE $950,000 CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1990 AFTER SUCH TIME THE SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE BONDS (AIRPORT ECONOMIC DEVELOPMENT AREA PUBLIC IMPROVEMENT PROJECT) HAVE BEEN ISSUED WHEREAS, the Redevelopment District of the City of South Bend, Indiana (the "District ") , previously issued its Nine Hundred Fifty Thousand Dollars ($950,000) aggregate principal amount of City of South Bend Redevelopment District Tax Increment Revenue Bonds of 1990, originally dated September 1, 1990 (the "Bonds "); and WHEREAS, such Bonds were issued pursuant to a resolution of the City of South Bend Redevelopment Commission (the "Commission "), governing body of the City of South Bend, Indiana, Department of Redevelopment and the District entitled "A FINAL BOND RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT COMMISSION AUTHORIZING THE ISSUANCE OF THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1990 FOR THE PURPOSE OF RAISING MONEY FOR PROPERTY ACQUISITION AND REDEVELOPMENT IN THE AIRPORT ECONOMIC DEVELOPMENT AREA, ALLOCATION AREA NO. 1" (Resolution No. 958), adopted on August 31, 1990 (the "Final Bond Resolution "); and WHEREAS, Section 2(b) of the Final Bond Resolution provides that the Bonds are subject to redemption at the option of the Commission at any time after issuance thereof, as a whole or in part from time to time, in multiples of $5,000, at face value plus interest accrued on the Bonds so redeemed to the date fixed for redemption, and without premium (the "Redemption "); and WHEREAS, Section 2(d) of the Final Bond Resolution provides that official notice of such Redemption shall be given by the registrar, on behalf of the Commission, identifying the Bonds to be redeemed, by mailing a copy of an official redemption notice by registered or certified mail at least thirty (30) days and not more than sixty (60) days prior to the date fixed for Redemption to the registered owner of the Bond or Bonds to be redeemed at the address shown on the Bond Register (as defined in the Final Bond Resolution), stating (1) the redemption date, (2) the redemption price, (3) that on the redemption date the redemption price will become due and payable upon each such Bond or portion thereof called for Redemption, and that interest thereon shall cease to accrue from and after said date, and (4) the place where such Bonds are to be surrendered for payment of the redemption price, which