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No. 0976 reducing the annual rentals on the lease for the AEDA Public Improvement Project, and approving the execution of an addendum to the lease
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No. 0976 reducing the annual rentals on the lease for the AEDA Public Improvement Project, and approving the execution of an addendum to the lease
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EXHIBIT A <br />ADDENDUM TO LEASE <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />TO <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />(Airport Economic Development Area Public Improvement Project) <br />THIS ADDENDUM, made and entered into as of this day <br />of January, 1991, by and between the South Bend Redevelopment <br />Authority, a body corporate and politic organized and existing <br />under Indiana Code 36 -7 -14.5 (hereinafter with its successors and <br />assigns referred to as the "Authority "), and the South Bend <br />Redevelopment Commission, the governing body of the South Bend <br />Department of Redevelopment and the Redevelopment District of South <br />CW Bend, Indiana (hereinafter called the "Lessee "), <br />WITNESSETH: <br />In consideration of the mutual covenants herein <br />contained, it is agreed that the lease (Airport Economic <br />Development Area Public Improvement Project) previously entered <br />into between said parties as of the first day of August, 1990, as <br />further amended by an Amended and Restated Lease, dated as of the <br />first day of August, 1990 (the "Lease ") shall be amended as <br />follows: <br />1. The following definitions in Section 1 of the Lease <br />are amended to read as follows: <br />rw "Lease Resolution" means Resolution No. 968 of <br />the Commission passed on December 21, 1990, as <br />amended by Resolution No. 973 of the Commission <br />passed on January 11, 1991, establishing funds for <br />the payment of lease rentals for the Tax - Exempt <br />Project, as defined herein. <br />"Permitted Encumbrances" means those items <br />listed in Exhibit A hereto and any future (a) liens <br />for taxes not then delinquent, (b) this Lease and <br />
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