1998-01-21 Resolution 117 - Laserfiche WebLink

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• RESOLUTION NO. 117 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY AUTHORIZING THE ISSUANCE OF THE SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE BONDS (MORRIS PERFORMING ARTS CENTER PROJECT) AND REGARDING OTHER RELATED MATTERS WHEREAS, the South Bend Redevelopment Authority (the "Authority") has been created pursuant to I.C. 36-7-14.5 as a separate body, corporate and politic, and as an instrumentality of the City of South Bend to finance local public improvements for lease to the South Bend Redevelopment Commission (the "Commission"); and WHEREAS, the Authority intends to issue bonds in an aggregate principal amount • of approximately Thirteen Million Seven Hundred Ten Thousand and 00!100 Dollars ($13,710,000.00) pursuant to LC. 36-7-14.5-19 to be known as the "South Bend Redevelopment Authority Lease Rental Revenue Bonds (Morris Performing Arts Center Project)" (the "Bends"), the proceeds of which are to be used to finance the cost of: (i) acquiring, constructing, renovating and equipping the Morris Performing Arts Center which includes the Morris Civic Center and certain portions of the Palais Royale facility in South Bend, Indiana, and- (ii) issuing the Bonds (collectively, the "Project"); and WHEREAS, the Authority intends to lease the Project to the Commission pursuant - to an Amended and Restated Lease dated as of May 1, 1997, which was amended pursuant to an Addendum to Lease dated as of January 15, 1998 (collectively referred to herein as the "Lease"), which Lease was heretofore approved and executed by this Authority; and •