9853-08 Approving the second addendum to lease for certain additional public improvements between SB Redev Authority and SB Redev Comm

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The Authority at a meeting on May 21, 2008, adopted a resolution, which, among other things, approved a proposed Second Addendum to Lease between the Authority and the Commission to be dated as of June 1, 2008 (the "Second Addendum"), for certain additional local public improvements Located in the Area including, without limitation, the following improvements to the Century Center: the addition of skylight safety film, the replacement of boilers and chillers, repairs on Island Park, the replacement of the fire alarm and security systems, the renovation of seven (7) restrooms, the renovation of C Hall, the replacement of the roofs, site lighting additions, exterior masonry work, and additional enhancements to the building, grounds and streetscape including, but not limited to, street level and river level interior and exterior signage, enhancement to the upper level offices, and enhancement to the front of building and viewing park and related improvements, and the acquisition of an interest in certain improvements previously financed with the issuance of the St. Joseph County, Indiana Special Tax Bonds of 1992, which were previously refunded with the issuance of the St. Joseph County, Indiana Special Tax Bonds of 199$ (collectively, the "2008 Project"), and directed the Secretary-Treasurer of the Authority to file a copy of said Second Addendum, as approved, with the Commission; and The Commission, at a meeting on May 16, 2008, approved the form of the Second Addendum, scheduled a public hearing on said Second Addendum to be held on June 13, 2008, pursuant to Indiana Code 36-7-14-25.2, and authorized the publication of a notice of public hearing on said Lease pursuant to Indiana Code 5-3-1, and authorized the Secretary of the Commission to file with the Common Council of the City of South Bend, Indiana (the "Common Council"), an approving ordinance for the purposes of said Common Council's finding, prior to the Commission's execution of said Second Addendum, that the rental payments are fair and BDDBOI 5237694v3 - 2 -