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• RESOLUTION NO. 51 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY INDICATING ITS INTENT TO ISSUE REDEVELOPMENT <br />AUTHORITY LEASE RENTAL REVENUE BONDS AND THAT <br />CERTAIN PRELIMINARY COSTS BE REIMBURSED <br />FROM THE PROCEEDS OF SAID BONDS <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority") intends, pursuant to IC 36-7-14.5-19, to issue its <br />South Bend Redevelopment Authority Lease Rental Revenue Bonds (the <br />"Bonds") for the purposes of financing the costs of refunding the <br />lease rental revenue bonds issued in 1988 to finance the <br />construction of a parking facility at the northwest corner of <br />St. Joseph Street and Wayne Street and which bonds are currently <br />outstanding (the "Refunding"); and <br />WHEREAS, certain preliminary expenses relating to the <br />Refunding have been or will be incurred by the Authority or <br />incurred or advanced on behalf of the Authority by the City of <br />South Bend (the "City") before the issuance and delivery of the <br />Bonds; and <br />WHEREAS, the Authority desires to reimburse itself and <br />the City of South Bend for the preliminary costs and expenses <br />incurred or advanced in financing the Refunding from proceeds of <br />the Bonds, when issued, including such consultant and attorney fees <br />necessary for completion of the Refunding; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Authority as follows: <br />1. The Authority determines to issue its Bonds pursuant <br />to IC 36-7-14.5-19 to obtain money to pay for the costs of the <br />Refunding. <br />