1991-11-15 Resolution 46 - Laserfiche WebLink

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(the "Commission") dated as of June 1, 1988 (the "Lease"), pursuant • to which the Authority is leasing the Facility to the Commission; and WHEREAS, the Authority desires to approve and execute an addendum to the Lease (the "Addendum"), a copy of which is attached hereto as "Exhibit A" and incorporated herein, reflecting such lower annual Lease payments; and WHEREAS, the Authority authorized the President of the Authority to execute and deliver a Bond Purchase Contract (the "Contract") with Banc One Capital Corporation (the "Underwriter"), the terms and conditions of which will permit a reduction in the annual rental payments on the Lease; and NOW, THEREFORE, BE IT RESOLVED, by this South Bend • Redevelopment Authority as follows: Section 1. The Authority hereby ratifies and approves the Contract executed and delivered by the President of the Authority to the Underwriter which provides for the sale of the Bonds in the aggregate principal amount of Four Million Two Hundred Eighty Thousand Dollars ($4,280,000), such Bonds to bear interest rates and have maturities as listed on the first page of the Official Statement submitted to the Authority at this meeting. Section 2. The Official Statement is hereby approved in the form presented to the Authority at this meeting and the Official Statement in the form presented at this meeting is hereby deemed final. The Underwriter is hereby authorized and directed to cause to be distributed such Official Statement in the form • -2-