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RESOLUTION NO. 839 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION APPROVING A PROPOSED LEASE BETWEEN THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY AND THE SOUTH BEND <br />REDEVELOPMENT COMMISSION FOR THE ST. JOSEPH /WAYNE PARKING <br />FACILITY, SETTING A PUBLIC HEARING ON THE PROPOSED LEASE <br />PURSUANT TO I.C. 36 -7 -14 -25.2, AND AUTHORIZING <br />PUBLICATION OF NOTICE OF THE PUBLIC HEARING <br />WHEREAS, the South Bend Redevelopment Authority (the "Authority ") <br />on March 10, 1988, adopted a resolution indicating its intent to issue <br />its South Bend Redevelopment Authority revenue bonds for the purpose <br />of obtaining money to pay for the costs of constructing the St. <br />Joseph/ Wayne Parking Facility (the "Parking Facility ") ; and <br />WHEREAS, on April 14, 1988, the Authority adopted a resolution <br />approving a proposed Lease between the Authority and the South Bend <br />Redevelopment Commission (the "Commission ") for the lease of the <br />(, Parking Facility; and <br />WHEREAS, the Authority has filed the proposed Lease with the <br />Commission, a copy of which is attached hereto as Exhibit "A"; and <br />WHEREAS, the Commission desires to approve the proposed Lease and <br />publish notice of public hearing and conduct a public hearing on the <br />proposed Lease pursuant to I.C. 36 -7 -14 -25.2; and <br />WHEREAS, after the public hearing the Commission may adopt a <br />resolution pursuant to I.C. 36 -7 -14 -25.2 authorizing the execution of <br />the proposed Lease on behalf of the City of South Bend if it finds <br />that the service to be provided throughout the term of the proposed <br />Lease will serve the public purpose of the City of South Bend, is in <br />the best interests of its residents and the Lease rental P rovided for <br />is fair and reasonable. <br />0C <br />