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. 1. The Authority hereby ratifies and approves the award <br />of the sale of the Bonds to Baird in the amount of One Million Four <br />Hundred Ten Thousand Dollars ($1,410,OOOj, at a price equal to One <br />Million Three Hundred Ninety-three Thousand One Hundred Seventy- <br />seven and 60/100 Dollars ($1,393,177.60), such Bonds to bear a net <br />interest figure of 7.0189%, since said bid was the highest bid <br />submitted in accordance with the Notice of Intent to Sell Bonds <br />published in connection with. the sale of the Bonds. <br />2. The second paragraph of Section Four of the Lease <br />is amended to read as follows: <br />After the sale of the Bonds issued by the Authority to <br />pay the cost of the acquisition of the property therefor <br />and other expenses incidental thereto, the sum of the <br />first and second semiannual rental installments and the <br />sum of the third and fourth semiannual rental <br />• installments, and so on, shall be reduced to an amount <br />equal to the multiple of One Thousand Dollars ($1,000) <br />next highest to the highest sum of principal and interest <br />due in any year ending on a Bond maturity date on such <br />Bonds plus Three Thousand Dollars ($3,000), payable in <br />equal semiannual installments. Such amount of reduced <br />annual rental shall be endorsed on this Lease at the end <br />hereof by the parties hereto as soon as the same can be <br />done after the sale of said Bonds, and such endorsement <br />shall be recorded as an addendum to this Lease. <br />3. The Lease shall be amended to reduce the annual <br />rental payments as set forth in Exhibit A attached hereto. The <br />Authority hereby approves all other amendments to the Lease set <br />forth in Exhibit A attached hereto. <br />4. All remaining terms, covenants and conditions as set <br />forth in the Lease shall remain in full force and effect. <br />• <br />-3- <br />