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2 <br />broad arches, and courtyard, and any related improvements; and (vii) all projects related to any of <br />the projects described in clauses (i) through and including (vi) (clauses (i) through and including <br />(vii), collectively, the “River West Improvements”); <br />WHEREAS, the Commission has given consideration to undertaking additional local <br />public improvements in the River West Area to support and provide incentives to foster the <br />development of the Beacon Integrated Health and Lifestyle District project, said project having <br />been awarded up to a $11,780,000 Regional Economic Acceleration and Development Initiative <br />grant by the South Bend-Elkhart Regional Development Authority, which local public <br />improvements include, without limitation, site work, construction of up to two (2) public parking <br />garages and a skyway improvement, and any projects related to the foregoing (collectively, the <br />“Beacon District Improvements”); and <br /> WHEREAS, the Commission has given consideration to undertaking local public <br />improvement projects in the River East Area including all or any portion of the following: (i) <br />LaSalle Streetscape which consists of a road diet with a focus on bike and pedestrian improvements <br />from Martin Luther King Boulevard to Eddy Street and any related improvements; (ii) Hill Street <br />Trail (South Bend Avenue to LaSalle Street) which consists of Phase 2 of the Trail Project to <br />construct a shared use path and any related improvements to improve bicycle and pedestrian <br />facilities between the University of Notre Dame campus and the City’s downtown; (iii) South Bend <br />Avenue (Hill Street to Notre Dame Avenue) and Hill Street Intersection which consists of Phase <br />1 of the Trail Project to construct a shared use path and any related improvements to improve <br />bicycle and pedestrian facilities between the University of Notre Dame campus and the City’s <br />downtown; (iv) Mishawaka Avenue Streetscape Improvements which consist of a road diet and <br />improved parking from Longfellow Street to Emerson Street, storm sewer separation, and any <br />related improvements; (v) Coquillard Splashpad which consists of upgrading the splashpad at <br />Coquillard Park to modern health, safety, and experiential standards, and any related <br />improvements; and (vi) all projects related to any of the projects described in clauses (i) through <br />and including (v) (clauses (i) through and including (vi), collectively (collectively, the “River East <br />Projects” and collectively with the River West Projects and the Beacon District Improvements, the <br />“Projects”); and <br />WHEREAS, the Projects will foster economic development and redevelopment and <br />improved employment opportunities throughout the District, including the River West Area and <br />the River East Area; and <br />WHEREAS, the City, the Lessor, and the Lessee seek to provide a means to finance the <br />all or any portion of the costs of the Projects; and <br />WHEREAS, the Act authorizes the Lessor to issue bonds for the purpose of obtaining <br />money to pay the cost of acquiring property or constructing, improving, reconstructing or <br />renovating local public improvements; and <br />WHEREAS, the costs related to acquiring an interest in the property described on Exhibit <br />A hereto by the Authority (the “Leased Premises”) and completing the Projects will be paid from <br />proceeds of bonds to be issued by the Lessor in one (1) or more series; and <br />WHEREAS, the annual rentals to be paid under this Lease by the Lessee will be pledged <br />by the Lessor to pay debt service on and other necessary incidental expenses of the Authority