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CITY OF SOUTH BEND <br />DEPARTMENT OF COMMUNITY INVESTMENT <br />Bill No. 23-02 -Resolution Approving Bond Financing Lease <br />Projects being financed: <br />•Neighborhood improvement projects ($34.7M) <br />•Beacon Lifestyle District parking garages ($28.9M) <br />Council approvals requested under this Resolution: <br />1.Transfer of a portion of Portage Ave.by the Board of Public Works to the Redevelopment Authority →“Leased Premises” <br />2.Execution of the bond financing lease between the Authority and the Redevelopment Commission →“Lease” <br />3.Issuance of the bonds, which will be payable from TIF revenues paid by the Commission to the Authority under the Lease