1998-10-19 Resolution 130 - Laserfiche WebLink

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RESOLUTION NO. 130 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY AUTHORIZING THE ISSUANCE OF THE SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE REFUNDING BONDS OF 1998 (BLACKTHORN GOLF COURSE PROJECT) AND 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 the aggregate amount not to exceed Seven Million and 00/100 Dollars ($7,000,000.00) pursuant to I.C. 36-7-14.5-19 and I.C. 5- • 1-5 to be known as the "South Bend Redevelopment Authority Lease Rental Revenue Refunding Bonds of 1998 (Blackthorn Golf Course Project) (the "Bonds"), the proceeds of which are to be used to advance refund the South Bend Redevelopment Authority Lease Rental Revenue Bonds (Blackthorn Golf Course Project) (the "Refunded Bonds") issued in 1992 to finance (i) the construction of certain local public improvements and the costs related thereto, including, without limitation, a public golf course and related facilities (the "Project") and (ii) the costs of issuance of the Refunded Bonds; and WHEREAS, the Authority intends to amend the currently existing lease of the Project with the Commission dated as of July 1, 1992, as amended by an Addendum to Lease between the Commission and the Authority dated as of October 2, 1992 (collectively, the "Lease"), for the .]