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South Bend Redevelopment Commission <br />Regular Meeting - July 16, 1993 <br />6. NEW BUSINESS (Cont.) <br />h. continued... <br />Redevelopment Commission. (Sample - <br />Ewing Development Area) <br />i. Commission approval requested for <br />Resolution No. 1180 =roving the <br />execution of an addendum to the Lease <br />dated as of Auzust , 1990, between the <br />South Bend Redevelopment Commission <br />and the South Bend Redevelopment <br />Authority for certain land and public <br />improvements located thereon. <br />Mrs. Kolata explained that the <br />Redevelopment Authority has refinanced <br />the taxable Airport bond issue. Based <br />on that refinancing, the payment <br />schedule for the Commission's lease <br />payments is being revised. The new <br />payment schedule is outlined in this <br />resolution. The bond sale was last <br />week. The closing will be July 27, <br />1993. The estimated savings is <br />approximately $680,000, which has a <br />present value of approximately <br />$520,000. <br />Upon a motion by Mr. Sharp, seconded <br />by Mr. Donoho and unanimously <br />carried, the Commission approved <br />Resolution No. 1180 approving the <br />execution of an addendum to the Lease <br />dated as of August 1, 1990, between the <br />South Bend Redevelopment Commission <br />and the South Bend Redevelopment <br />Authority for certain land and public <br />improvements located thereon. <br />-18- <br />COMMISSION APPROVED RESOLUTION <br />NO. 1180 APPROVING THE EXECUTION OF <br />AN ADDENDUM TO THE LEASE DATED AS <br />OF AUGUST 1, 1990, BETWEEN THE SOUTH <br />BEND REDEVELOPMENT COMMISSION AND <br />THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY FOR CERTAIN LAND AND <br />PUBLIC IMPROVEMENTS LOCATED <br />THEREON <br />