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. and dated as of July 29, 1988 (collectively, the "Lease"), pursuant <br />to which the Authority is leasing the. Facility to the Commission; <br />and <br />WHEREAS, the Authority desires to approve and execute an <br />addendum to the Lease (the "Addendum"), a copy of which is attached <br />hereto as "Exhibit A" and incorporated herein, reflecting lower <br />annual lease rental amounts; and <br />WHEREAS, the Authority intends to send written notice of <br />redemption (the "Notice of Redemption") to Norwest Bank Indiana, <br />N.A., trustee of the Refunded Bonds (the "Trustee") as required by <br />Section 4.02 of the Refunded Bonds Trust Agreement; <br />NOW, THEREFORE, BE IT RESOLVED, by this South Bend <br />Redevelopment Authority as follows: <br />. Section 1. The Authority hereby approves the award of <br />the bonds in an aggregate principal amount of Four Million Ninety- <br />Five Thousand Dollars ($4,095,000) and maturing February 1 in the <br />years at the principal amounts and bearing interest at the rates <br />as follows: <br />Amount Years Interest Rate <br />$ 90,000 1993 3.25% <br />195,000 1994 4.25% <br />205,000 1995 4.60% <br />210,000 1996 4.90% <br />120,000 1997 5.10% <br />235,000 1998 5.30% <br />250,000 1999 5.50% <br />255,000 2000 5.70% <br />275,000 2001 5.80% <br />235,000 2002 6.00% <br />290,000 2003 6.00% <br />325,000 2004 6.10% <br />340,000 2005 6.20% <br />160,000 2006 6.25% <br />-3- <br />