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Park, a technology park under development in the City which is located in the Airport Economic <br /> Development Area; and <br /> WHEREAS, there has been prepared a form of Economic Development <br /> Memorandum of Understanding for execution by F Cubed and the Commission (the "MOU"), <br /> which MOU sets forth the understanding of the parties thereto regarding F Cubed relocating its <br /> South Bend Operations to Ignition Park upon completion of the same and upon lease terms <br /> reasonably acceptable to F Cubed, and the Commission undertaking certain actions necessary to <br /> provide certain economic incentives to F Cubed consisting of the acquisition of the Equipment as <br /> described in the MOU; and <br /> WHEREAS, the Commission desires to approve of the form of the MOU and <br /> authorize the President of the Commission to execute and the Secretary of the Commission to <br /> attest the MOU in its final form; <br /> NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br /> Commission as follows: <br /> Section 1. The Commission hereby approves of the form of MOU presented <br /> to the Commission at this meeting. The Commission further acknowledges those provisions of <br /> the MOU which contemplate certain actions being undertaken by the Commission to acquire and <br /> dispose of the Equipment, and the Commission is hereby authorized to initiate such disposition <br /> process in accordance with such procedures as may be required by the Act. <br /> Section 2. The President is hereby authorized to execute and the Secretary is <br /> hereby authorized to attest each the MOU in the�form presented to the Commission at this <br /> meeting with such changes as may be recommended by counsel to the Commission as it may <br /> - 2 - <br /> DMS US 510531841 <br />