2007-10-17 Resolution 161 - Laserfiche WebLink

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WHEREAS, the preliminary plans, specifications and cost estimates for the Project have been filed with the Authority and the Authority desires to approve them; and WHEREAS, 'the Authority desires to enter into and adopt a proposed lease to be dated as of October. 15, 2007, with the South Bend Redevelopment Commission (the "Commission") in the form presented at this meeting, a copy of which is attached hereto- as Exhibit A (the "Lease"), for the. purpose.. of paying the principal of and interest on the Bonds issued to finance the Project, pursuant to Indiana Code 3`6-7-14.5-19; and WHEREAS; the Authority desires to establish its intent, pursuant to Indiana Code 5-1-14-6(b), that preliminary costs. which may be incurred prior to issuance of the Bonds. be reimbursed from the proceeds of the Bonds; .NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH .BEND REDEVELOPMENT AUTHORITY AS FOLLOWS: 1. The Authority hereby approved the preliminary plans, specifications and cost estimates for the Project. 2. The Authority hereby approves the Lease between the Authority and the Commission to be dated as of October 15, 2007, in the. form. presented at this meeting and as attached hereto as Exhibit A. The President and Secretary-Treasurer are hereby authorized and directed to .execute and attest, .respectively, the Lease following receipt of approval of the Lease "from theDepartment of Local Government Finance in substantially the form presented at this meeting with such changes in form or substance as the President and Secretary-Treasurer shall approve, such approval to be conclusively evidenced by the. execution and attestation thereof. 3. The Secretary-Treasurer of the Authorityis hereby directed to file a copy of the proposed lease, as approved, with the Commission. BDDBOI 4910658v1 - 3 -