No. 0973 amending Resolution No. 968 in connection with lease dated as of 8-1-90 between the SBRC and SBRA relating to AEDA public improvement project (tax-exempt improvements)

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RESOLUTION NO. 973 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION AMENDING RESOLUTION NO. 968 IN CONNECTION WITH THE LEASE DATED AS OF AUGUST 1, 1990 BETWEEN THE SOUTH BEND REDEVELOPMENT COMMISSION AND THE SOUTH BEND REDEVELOPMENT AUTHORITY RELATING TO THE AIRPORT ECONOMIC DEVELOPMENT AREA PUBLIC IMPROVEMENT PROJECT (TAB - EXEMPT IMPROVEMENTS) WHEREAS, the South Bend Redevelopment Authority (the m "Authority ") has been created pursuant to IC 36 -7 -14.5 as a separate body, corporate and politic, and as an instrumentality of the City of South Bend to finance local public improvements for lease to the South Bend Redevelopment Commission (the 3 "Commission "); and 3 .,, WHEREAS, the Authority has previously indicated its intent to issue bonds in the aggregate amount of Two Million Three Hundred Fifty -Five Thousand Dollars ($2,355,000) pursuant to IC 36 -7- 14.5 -19 to be known as the "South Bend Redevelopment Authority Lease Rental Revenue Bonds (Airport Economic Development E Area Public Improvement Project) (the "Bonds "), the proceeds of s which are to be used to finance certain land and public i improvements (the "Improvements "), and to pay the costs of issuance i of the Bonds; and WHEREAS, the Authority intends to lease the Improvements to the Commission pursuant to a lease dated as of August 1, 1990 (the "Lease "), which Lease was heretofore approved by this Commission; and WHEREAS, the Commission has previously established certain funds and accounts for the payment of the rentals owed by s