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South Bend Redevelopment Commission <br />Regular Meeting - July 10, 1992 <br />6. NEW BUSINESS (Cont.) <br />r. Commission approval requested for <br />Resolution No. 1082 approvingr an addendum <br />to the lease dated as of June 1. 1988 <br />between the South Bend Redevelopment <br />Commission and the South Bend <br />Redevelopment Authority for certain land <br />and a parking facility located thereon. <br />Mr. Rompola explained that Resolution <br />No. 1082 amends the rental amount paid <br />under the lease between the Commission <br />and the Authority for the St. <br />Joseph /Wayne Parking Garage. The current <br />rental amount is an even payment of <br />$231,500 semi - annually. This resolution <br />reduces the rental amount to payments <br />ranging from $228,000 to $81,000. <br />Upon a motion by Mr. Piasecki, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission approved Resolution <br />OW IL No. 1082 approving an addendum to the <br />lease dated as of June 1, 1988 between <br />the South Bend Redevelopment Commission <br />and the South Bend Redevelopment <br />Authority for certain land and a parking <br />facility located thereon. <br />s. Commission approval requested for <br />Resolution No. 1083 establishina certain <br />funds and accounts in connection with the <br />Lease dated as of June 1, 1988 and as <br />amended by an Addendum thereto dated as <br />of July 29, 1988, and as further amended <br />by an Addendum to Lease between the South <br />Bend Redevelopment Commission and the <br />South Bend Redevelopment Authority. <br />Mr. Rompola explained that Resolution <br />No. 1083 certifies the pledge resolution <br />adopted in 1988 and reaffirms the <br />accounts set up in 1988 and reaffirms <br />that the revenues of the parking facility <br />will flow into a maintenance account and <br />then into a net revenue account from <br />which lease rental payments will be made. <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Piasecki and unanimously carried, the <br />-11- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1082 APPROVING AN ADDENDUM TO <br />THE LEASE DATED AS OF JUNE 1, <br />1988 BETWEEN THE SOUTH BEND <br />REDEVELOPMENT COMMISSION AND THE <br />SOUTH BEND REDEVELOPMENT <br />AUTHORITY FOR CERTAIN LAND AND A <br />PARKING FACILITY LOCATED THEREON <br />COMMISSION APPROVED RESOLUTION <br />NO. 1083 ESTABLISHING CERTAIN <br />