No. 0855 approving the Stanley Coveleski Regional Stadium operating agreement with the Board of Park Commissioners of the park district of the City of South Bend

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J for the lease of the Stadium and the Commission on April 15, 1988, ap- proved the proposed lease and scheduled a public hearing on the lease for April 29, 1988 at 10:00 a.m. E.S.T.; and WHEREAS, the Commission on April 29, 1988, adopted a resolution which, among other things, approving the execution of the lease; and WHEREAS, the Commission on June 17, 1988, adopted a resolution which, among other things, authorized and directed the President or Vice President and Secretary of the Commission to execute and deliver the lease as modified (.the "Lease "); and WHEREAS, the Authority on June 17, 1988, adopted a resolution authorizing the issuance of South Bend Redevelopment Authority Lease Rental Revenue Bonds (Coveleski Stadium Project) for purposes of the Authority exercising the Option to Purchase on September 1, 1988; and WHEREAS, the Park Board and South Bend Area Professional Baseball ® Club, Inc. (the "Team ") on July 1, 1987, entered into a "Stadium Use, Management and Operations Agreement" ( "Stadium Agreement ") for the Team's use, management and operation of the Stadium; and WHEREAS, the Commission, as lessee pursuant to the Lease, and the Park Board desire to enter into an agreement for the operation of the Stadium and to permit the continued implementation in full force and effect of the Stadium Agreement; NOW, THEREFORE, for and in consideration of the mutual covenants and promises contained herein, and for other good and valuable consi- deration, the receipt of which is mutually acknowledged, the Commis- sion and Park Board agree as follows: -2-