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J <br />RESOLUTION NO. 541 <br />RESOLUTION OF THE CITY OF SOUTH BEND REDEVELOPMENT <br />COMMISSION CONCERNING CLOSEOUT OF THE CENTRAL DOWN- <br />TOWN RENEWAL AREA, PROJECT NO. IN. R -66, AND CON- <br />CERNING THE ISSUANCE OF BONDS. <br />WHEREAS, The City of South Bend Department of Redevelopment <br />has, pursuant to the Redevelopment of Cities and Towns Act <br />of 1953, as amended, designated as a redevelopment area that <br />area in the City of South Bend, County of St. Joseph, State <br />of Indiana, known as the Central Downtown Urban Renewal Area <br />which is more particularly described by a line drawn as follows: <br />Beginning at a point formed by the intersection of <br />the north right -of -way line of LaSalle Avenue and <br />the west right -of -way line of Main Street; thence <br />south along the west right -of -way line of Main <br />Street to the north right -of -way line of Washington <br />Street; thence west along the north right -of -way line <br />of Washington Street to the west right -of -way line of <br />Lafayette Boulevard; thence south along the west right - <br />of -way line of Lafayette Boulevard to the south right -of- <br />way line of Jefferson Boulevard; thence east along the <br />south right -of -way line of Jefferson Boulevard to the <br />west right -of -way line of Main Street; thence south <br />along the west right -of -way line of Main Street to the <br />south right -of -way line of Monroe Street; thence east <br />along the south right -of -way line of Monroe Street to <br />the west right -of -way line of Fellows Street; thence south <br />along the west right -of -way line of Fellows Street to <br />the south right -of -way line of Monroe Street; thence <br />east along the south right -of -way line of Monroe Street <br />and proceeding in a northeasterly direction along said <br />right -of -way to the center of the St. Joseph River; thence <br />proceeding in a northwesterly direction along the center <br />of the St. Joseph River to the north right -of -way line <br />of LaSalle Avenue; thence west along the north right -of- <br />way line of LaSalle Avenue to the west right -of -way line <br />of Main Street which is the point of beginning. <br />WHEREAS, the LPA has entered into an agreement with the Depart- <br />ment of Housing and Urban Development of the United States of <br />America ( "HUD ") known as Contract Indiana R -66 (LG) for the finan- <br />cing of said project, and <br />�+ WHEREAS, HUD has by letter dated August 29, 1977, to Peter J. <br />Nemeth, Mayor, City of South Bend, Indiana, requested the LPA <br />