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<br />RESOLUTION NO. 68 <br />RESOLUTION OF THE SOIITH BEND REDEVELOPMENT <br />AUTHORITY APPROVING A MODIFICATION TO AND REDUCING <br />THE ANNUAL RENTALS ON THE LEASE FOR THE BLACKTHORN GOLF <br />COURSE PROJECT, APPROVING THE EXECUTION OF AN ADDENDUM TO THE <br />LEASE, RATIFYING THE SELECTION OF A SUCCESSFUL BIDDER <br />AND THE TERMS OF THE BONDS, AND REGARDING OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority") at a meeting on September 10, 1992, adopted Resolution <br />No. 64, authorizing the issuance of the "South Bend Redevelopment <br />Authority Lease Rental Revenue Bonds (Blackthorn Golf Course <br />Project)" (the "Bonds") in an aggregate amount of Five Million Six <br />Hundred Eighty Thousand and 00/100 Dollars ($5,680,000.00) pursuant <br />to IC 36-7-14.5-19 to finance the construction of certain <br />improvements to be known as Blackthorn Golf Course (the "Project"), <br />• and to pay the costs of issuance of the Bonds; and <br />WHEREAS, a Notice of Intent to Sell Five Million Six <br />Hundred Eighty Thousand and 00/100 Dollars ($5,680,000.00) of the <br />Bonds was published on September 11, 1992 and September 18, 1992 <br />in the South Bend Tribune, the Tri-County News, and the <br />Indianapolis Commercial; and <br />WHEREAS, the South Bend Redevelopment Authority <br />previously entered into a Lease between the Authority and the South <br />Bend Redevelopment Commission (the "Commission") dated as of <br />July 1, 1992 (the "Lease"), pursuant to which the Authority will <br />lease the Project to the Commission; and <br />WHEREAS, bids were received on September 29, 1992, for <br />the sale of the Bonds by the Secretary of the Authority pursuant <br />to Resolution No. 64; and <br />