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.r ^c <br />Trustee in an amount sufficient to pay all principal of and <br />interest on the Refunded Bonds; and <br />WHEREAS, the Authority intends to send written notice <br />of redemption (the "Notice of Redemption") to Norwest Bank <br />Indiana, N.A., trustee (the "Trustee") of the Refunded Bonds as <br />required by Section 4.02 to that certain Trust Agreement between <br />the Authority and the Trustee, such Agreement dated as of June 1, <br />1988 (the "Trust Agreement"); and <br />WHEREAS, the Authority desires to publish notice of the <br />execution and delivery of the Contract for the sale of the Bonds. <br />NOW, THEREFORE, BE IT RESOLVED, by this South Bend <br />Redevelopment Authority as follows: <br />Section 1. The Authority shall enter into the Escrow <br />Agreement substantially in the form attached hereto as Exhibit A, <br />in order to effect the refunding of the Refunded Bonds in <br />accordance with their terms. The Authority hereby authorizes the <br />President to execute and deliver the Escrow Agreement <br />substantially in the form attached hereto as together with such <br />changes and modifications in form or substance as may be approved <br />by the President with any such approval to be conclusively <br />evidenced by such authorized execution of the Escrow Agreement. <br />Section 2. The Authority hereby authorizes and directs <br />the President of the Authority to execute and deliver the Notice <br />of Redemption to the Trustee on November 21, 1991. <br />Section 3. The Secretary of the Authority is <br />authorized and directed to publish notice of the execution and <br /> <br />-2- <br />