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• payments for the Project and making certain other amendments to the <br />Lease; and <br />WHEREAS, a Preliminary Official Statement, relating to <br />the issuance of the Bonds, was approved by the Authority on <br />September 10, 1992, in the form presented to the Authority; and <br />WHEREAS, an Official Statement, dated the date hereof <br />(the "Official Statement"), relating to the issuance of the Bonds, <br />has been prepared and presented to the Authority; <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND <br />REDEVELOPMENT AUTHORITY, AS FOLLOWS: <br />1. The Authority hereby ratifies and approves the award <br />of the sale of the Bonds to City Securities in the amount of Five <br />Million Six Hundred Eighty Thousand Dollars and 00/100 <br />. ($5,680,000.00), at a price equal to Five Million Five Hundred <br />Ninety-Four Thousand Eight Hundred and 00/100 Dollars <br />($5,594,800.00), such Bonds to bear a net interest figure of <br />6.384%, since said bid was the highest bid submitted in accordance <br />with the Notice of Intent to Sell Bonds published in connection <br />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 <br />to pay the cost of the acquisition of the property <br />therefor and other expenses incidental thereto, the sum <br />of the first and second semiannual rental installments <br />and the 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 and 00/100 Dollars <br />($1,000.00) next highest to the highest sum of principal <br />and interest due in any year ending on a Bond maturity <br />• 3 <br />