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<br />RESOLUTION NO. 10 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY <br />APPROVING AN OFFICIAL STATEMENT .RELATING TO THE- <br />ISSUANCE OF THE SOUTH BEND REDEVELOPMENT AUTHORITY <br />TAXABLE LEASE RENTAL REVENUE BONDS (COVELESKI STADIUM <br />PROJECT) AND AUTHORIZING DISTRIBUTION OF INFORMATION <br />WHEREAS, the South Bend ..Redevelopment Authority (the "Authority") <br />at a meeting on June 17, 1988, adopted Resolution No. 8 authorizing <br />the issuance and sale of bonds to be known as the "South Bend Rede- <br />velopment Authority Taxable Lease Rental Revenue Bonds (Coveleski <br />Stadium Project)" (the "Bonds") pursuant to IC 36-7-14.5 et sea., in <br />the aggregate principal sum of Five Million Six Hundred Eighty-Five <br />Thousand Dollars ($5,685,000), the proceeds of which are to be used <br />to finance the acquisition of a stadium facility known as the "Stan- <br />ley Coveleski Regional Stadium", including the site thereof, and to <br />pay the cost of issuance of the Bonds; and <br />WHEREAS, an official statement relating to the issuance of the <br />Bonds has been prepared by Springsted Incorporated, as financial advi- <br />sors to the Authority, and presented to the Authority; <br />• -NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY AS FOLLOWS: <br />1. The official statement relating to the issuance of the Bonds <br />is hereby approved in the form presented to the Authority at this <br />meeting, including the Official Bid Form and Non-Collusion Affidavit, <br />prepared by Springsted Incorporated and contained therein; Springsted <br />Incorporated is hereby authorized and directed to cause to be distri- <br />buted such statement, substantially in the form presented to this <br />meeting, with such changes as are approved by the Authority's legal <br />counsel as Springsted Incorporated might .recommend to describe ade- <br />quately such bond issue and information related thereto, to all par-`° <br />ties who in their judgment may be interested in bidding on such bond <br />issue and to the successful bidder for the Bonds; and the Authority <br />shall place a copy of such statement as presented to this meeting <br />with the minutes of this meeting. <br />2. This resolution shall be in full force and effect from and. <br />upon compliance with the procedures required by law. <br />ADOPTED at a meeting_of the Authority held on July 8, 1988, in <br />-1- <br />