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1990-05-15 Resolution 22
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1990-05-15 Resolution 22
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a-r~ ~. <br />RESOLUTION NO. 22 <br /> <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY APPROVING THE EXECUTION OF A SECOND ADDENDUM <br />TO THE LEASE FOR THE SOUTH BEND CENTRAL DEVELOPMENT <br />AREA PUBLIC IMPROVEMENT PROJECT <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority") previously entered into a Lease between the Authority <br />and the South Bend Redevelopment Commission (the "Commission") <br />dated as of November 1, 1989 (the "Lease"), pursuant to which the <br />Authority will lease certain land and public improvements (the <br />"Project") to the Commission; and <br />WHEREAS, the Authority has previously authorized the <br />issuance of the "South Bend Redevelopment Authority Lease Rental <br />Revenue Bonds (South Bend Central Development Area Public <br />Improvement Project)" (the "Bonds") pursuant to IC 36 7 14.5-19 to <br />finance the Project and to pay the costs of issuance of the Bonds; <br />and <br />WHEREAS, the Authority awarded the Bonds on March 27, <br />1990; and <br />WHEREAS, the Authority has executed a Trust Agreement <br />between the Authority and First Interstate Bank of Northern <br />Indiana, N.A., as Trustee dated as of November 1, 1989 (the "Trust <br />Agreement"). <br />WHEREAS, the Authority on March 29, 1990 approved an <br />Addendum to the Lease (the "Addendum") and an Amended and Restated <br />Lease; and <br />WHEREAS, the Authority and the Commission each executed <br />and attested the Addendum on April 6, 1990; and <br />
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