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<br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Authority as .follows: <br />1. The Authority hereby establishes its intent to issue <br />its Bonds pursuant to IC 36-7-14.5 for the purpose of financing the <br />acquisition of the Project. <br />2. The Authority hereby establishes its intent, <br />pursuant to IC 5-1-14-6(b), that preliminary costs incurred by or <br />on behalf of the Authority and the Commission in financing the <br />acquisition of the Project be reimbursed from the proceeds of the <br />Bonds. <br />3. The Authority hereby approves the proposed lease <br />between the Authority and the Commission to be dated as of March 1, <br />1992, in the form presented at this meeting and as attached hereto <br />• as Exhibit A. <br />4. The Secretary of the Authority is hereby directed <br />to file a copy of the proposed lease, as approved, with the <br />Commission. <br />5. This resolution shall be in full force and effect <br />from and after its adoption by the Authority. <br />• <br />-2- <br />