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<br />WHEREAS, the Authority desires to approve and execute an addendum to the Lease <br />• (the "Addendum"), a copy of which is hereby attached as Exhibit A, reflecting such lower annual <br />Lease rental payments for the Project and making certain other amendments to the Lease; and <br />WHEREAS, the Lease, as modified, authorized the Authority to enter into an Escrow <br />Agreement for purposes of receiving lease rentals; and <br />WHEREAS, the Authority desires to approve and execute the Escrow Agreement, <br />a copy of which is hereby attached as Exhibit B; <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND <br />REDEVELOPMENT AUTHORITY, AS FOLLOWS: <br />1. The Lease shall be amended to reduce the annual rental payments as set forth <br />in Exhibit A attached hereto. The Authority hereby approves all other amendments to the Lease set <br />• forth in Exhibit A attached hereto. <br />2. The Authority hereby approves the Escrow Agreement asset forth in Exhibit <br />B. <br />3 . All remaining terms, covenants and conditions as set forth in the Lease shall <br />remain in full force and effect. <br />4. The President and Secretary of the Authority are hereby authorized and <br />directed to execute and attest, respectively, the Addendum. <br />5. This resolution shall be in full force and effect after its adoption by the <br />Authority. <br />****~ <br />C7 <br />::ODMA\PCDOCS\SBDOCSI\38669\1 - 2 <br />