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1200 COUNTY -CITY BUILDING <br />227W JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 574/235 -9371 <br />FAx 574/235 -9021 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY & ECONOMIC DEVELOPMENT <br />JEFFREY V. GIBNEY <br />EXECUTIVE DIRECTOR <br />May 21, 2008 6, � � 10 C) 0 V <br />South Bend Common Council <br />Fourth Floor Council Chambers <br />400 County -City Building <br />South Bend, IN 46601 <br />Dear Council Member: <br />The attached bill for your consideration and approval will approve the Second Addendum to <br />Lease for Century Center. Financing for these projects is being done as a Lease Revenue <br />Bond to be issued by the Redevelopment Authority. Assets constructed with the bond <br />proceeds, including major repairs and replacements, along with enhancements to.the <br />building, grounds and streetscape, will be leased to the Redevelopment Commission. This <br />Lease includes provisions for lease payments of $1,109,000 per year. <br />I, along with Century Center representatives, will make presentation to the Council at your <br />June 9th meeting. If you have any questions, please call me at 235 -9339. <br />Sin rely, a__ <br />Donald E. Inks <br />Director <br />Economic Development <br />cc: Jeff Gibney <br />Don Inks <br />Filed In Clerk's Office <br />M AY 2 1 2008 <br />JOHN SO ASE D, IN. <br />CrrY CLERK, <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />5741235 -9660 574/235 -9371 ELIZABETH LEONARD ) <br />FAX: 5741235 -9697 574/235 -9371 <br />