1998-02-23 Resolution 120 - Laserfiche WebLink

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~., - CJ RESOLUTION NO. ~~ d RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY APPROVING AND AUTHORIZING THE EXECUTION OF AN AGENCY AGREEMENT BY AND BETWEEN THE SOUTH BEND REDEVELOPMENT AUTHORITY AND THE CITY OF SOUTH BEND, INDIANA, BOARD OF PUBLIC WORKS FOR THE MORRIS PERFORMING ARTS CENTER PROJECT WHEREAS, the South Bend Redevelopment Authority (the "Authority") intends to issue its bonds pursuant to I.C. 36-7-14.5-19 to be known as the "South Bend Redevelopment Authority Lease Rental Revenue Bonds (Morris Performing Arts Center Project)" (the "Bonds"), 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 South Bend Redevelopment Commission (the "Commission") pursuant to anAmended-and Restated Lease dated as of May 1, 1997, as subsequently amended (collectively referred to herein as the "Amended and Restated Lease"); and WHEREAS, the Authority desires to enter into an Agency Agreement with the City of South Bend, Indiana (the "City"), by and through its Board of Public Works (the "Board") to provide for the construction of the Project by the Board and other related matters, a copy of which is attached hereto as Exhibit A; • NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Authority as follows: