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RESOLUTION NO. 44 <br />• RESOLUTION OF THE SOUTH. BEND REDEVELOPMENT <br />AUTHORITY AUTHORIZING THE ISSUANCE OF THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY TAXABLE <br />LEASE RENTAL REVENUE BONDS (COVELESRI STADIUM <br />REFUNDING) AND OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority") has been created pursuant to I.C. 36-7-14.5 as a <br />separate body, corporate and politic, and as an instrumentality of <br />the City of South Bend to finance local public improvements for <br />lease to the South Bend Redevelopment Commission (the <br />"Commission"); and <br />WHEREAS, the Authority intends to issue bonds in the <br />aggregate amount not to exceed $4,350,000.00 pursuant to I.C. 36- <br />7-14.5-19 to be known as the "South Bend Redevelopment Authority <br />Taxable Lease Rental Revenue Bonds (Coveleski Stadium Refunding)" <br />(the "Bonds"), the proceeds of which are to be used to refund th'e <br />South Bend Redevlopment Authority Taxable Lease Rental Revenue <br />Bonds (Coveleski Stadium Project) (the "Refunded Bonds") issued in <br />1988 to refinance the stadium facility known as the "Stanley <br />Coveleski Regional Stadium" (the "Facility") and to pay the costs <br />of issuance of the Bonds; and <br />WHEREAS, the Authority intends to amend the currently <br />existing lease of the Facility with the Commission dated as of <br />June 1, 1988 (the "Lease"), which Lease was heretofore approved <br />and executed by this Authority; and <br />WHEREAS, there has been prepared and submitted to the <br />• Authority a form of Trust Agreement to be dated as of November 1, <br />1991, between the Authority and Norwest Bank Indiana, N.A., as <br />