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• ~ <br />said bid was the highest bid submitted in accordance with the bond <br />sale notice published in connection with the sale of the Taxable <br />Bonds. <br />2. The Authority hereby ratifies and approves the award <br />of the sale of the Tax-Exempt Bonds to Merrill Lynch in the amount <br />of Two Million Three Hundred Fifty-Five Thousand Dollars <br />($2,355,000), at a price equal to Two Million Three Hundred Seven <br />Thousand Nine Hundred Seven and 25/100 Dollars ($2,307,907.25), <br />such Tax-Exempt Bonds to bear an net interest figure of 7.0486%, <br />since said bid was the highest bid submitted in accordance with the <br />bond sale notice published in connection with the sale of the Tax- <br />Exempt Bonds. <br />3. The Lease shall be amended to reduce the annual <br />rental payments as set forth in Exhibit A attached hereto. The <br />Commission hereby approves all other amendments to the Lease set <br />forth in Exhibit A attached hereto. <br />4. All remaining terms, covenants and conditions as set <br />forth in the Lease shall remain in full force and effect. <br />5. The President and Secretary-Treasurer of the <br />Authority are hereby authorized and directed to execute and attest, <br />respectively, the Addendum. <br />6. The officers of the Authority are hereby authorized <br />to deliver said Taxable and Tax-Exempt Bonds when executed to <br />Society Bank, Indiana, as Trustee for delivery to the successful <br />bidder. <br />7. This resolution shall be in full force and effect <br />i after its adoption by the Authority. <br />-4- <br />