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RESOLUTION NO. ~~ <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY INDICATING ITS INTENT TO ISSUE <br />REDEVELOPMENT AUTHORITY LEASE RENTAL <br />REVENUE REFUNDING BONDS AND THAT CERTAIN <br />PRELIMINARY COSTS BE REIMBURSED FROM THE <br />PROCEEDS OF SAID BONDS <br />WHEREAS, the South Bend Redevelopment Authority (the "Authority") desires, <br />pursuant to I.C. 36-7-14.5-19 and I.C. 5-1-5, to issue its South Bend Redevelopment Authority Lease <br />Rental Revenue Refunding Bonds of 1998 (Blackthorn Golf Course Project), (the "Bonds") for the <br />purposes of financing the costs associated with (i) advance refunding the outstanding lease rental <br />revenue bonds issued in 1992 to fmance the construction of certain local public improvements and <br />costs related thereto, including, without limitation, a public golf course and related facilities, in the <br />® Airport Economic Development Area; and (ii) the issuance of the Bonds (collectively, the <br />"Refunding"); and <br />WHEREAS, certain preliminary expenses relating to the Refunding have been or will <br />be incurred by the Authority or incurred or advanced on behalf of the Authority by the City of South <br />Bend, Indiana (the "City"), before the issuance and delivery of the Bonds; and <br />WHEREAS, the Authority desires to reimburse itself and the City for the preliminary <br />costs and expenses incurred or advanced in financing the Refunding from proceeds of the Bonds, <br />when issued, including such financial advisor and attorney fees necessary for completion of the <br />Refunding; <br />• <br />