1990-05-15 Resolution 22 - Laserfiche WebLink

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LEAS E This Lease entered into as of the 1st day of November, 1989 betw'~een SOUTH BEND REDEVELOPMENT AUTHORITY, a body corporate and politic organized and existing under Indiana Code 36-7-loverning "Authority) and SOUTii BEND REDEVELOPMENT COMMISSION, the g body of the South Bend Department of Red~he 1o Lessee")an acting Redevelopment District of South Bend, Indiana for and on behalf of the City of South Bend, Indiana. W ITNESSETIi: Section 1. Definitions. The terms defined in this Section 1 shall for all the ontextootherwise requirese the meanings herein specified unless "Act" means Indiana Code 36-7-14.5, as the same from time to time may be amended or supplemented. "Authority" means the South Bend Redevelopment Authority, a body corporate and politic organized and existing underboard Acbodyr if said Authority shall be abolished, the authority, instrumentality or agency succeeding to the principal functions • thereof. , "Bonds" means Sout Central RDevelopmenttAreahPublic Improvement Revenue Bonds (South Bend Project) . "Lease" means this Lease as the same may be amended, modified or supplemented by any amendments or modifications h rovisions supplements hereto entered into in accordance with the p hereof. the "Lessee" means the South Bend Redevelopment Commission, governing body of the South Bend Department of ordif esaid eComm ssion Redevelopment District of South Bend, Indiana, enc succeeding shall be abolished, the commission, board, body or ag y to the principal functions thereof. "Lease Resolution" means the resolution of the Commission passed on February 16, 1990, establishing funds for the payment of lease rentals. "Permitted Encumbrances means those items listed in Exhibit A hereto and any future (a) liens for taxes not then delinquent, (b) this Lease and the Trust Agreement, leases, subleases and other agreements permitted pursuant to Section 13 hereof, (c) utility, • -1-