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Y' <br />C; <br />69 <br />RESOLUTION NO. <br />RESOLUTION OF THE <br />SOUTH BEND REDEVELOPMEN'T' AUTHORITY <br />APPROVING AN AGREEMENT AMONG <br />THE SOUTH BEND REDEVELOPMENT AUTHORITY, <br />THE SOUTH BEND REDEVELOPMENT COMMISSION <br />AND THE ST. JOSEPH COUNTY AIRPORT AUTHORITY <br />FOR THE OPERATION AND MANAGEMENT OF <br />BLACKTHORN GOLF COURSE. <br />AND AUTHORIZING THE EXECUTION THEREOF" <br />• <br />WHEREAS, the St. Jaseph County Airport Authority {"Airport") <br />is the owner of approximately 189 acres of real property situated in <br />northwest St. Joseph County, Indiana, in an area carnmanly known as <br />the Airport Economic Development Area {"Airport Land"); and <br />WHEREAS, the South Bend Redevelopment Authority is the. owner <br />of approximately 81 acres. of real property situated in northwest St. <br />Jaseph County, Indiana, in an area commonly known as the Airport <br />Economic Development Area {"Redevelopment Land"); and <br />WHEREAS, Redevelopment Commission is desirous of <br />constructing, equipping an$ establishing an 18- or 19-hole public <br />play, first class golf course, clubhouse, maintenance building and <br />related facilities ("'Blackthorn") over and upon the combined Airport <br />Land and Redevelopment Land {"Golf Course Site") to `be funded with <br />proceeds from the issuance and sale of lease rental revenue: bonds in <br />the approximate amount of $5.5 million; and <br />.WHEREAS, .the South Bend. Redevelopment Authority and South <br />Bend Reelevel_opment Commission (collectively "Redevelopment"') are <br />desirous of acquiring the Airport Land in order to allow for the <br />construction of Blackthorn; and <br />WHEREAS,. as evidenced by its Resolution 92-6, adopted <br />September 24, 1.992., Airport is desirous of conveying the Airport Land <br />to Redevelopment in order to allow far the construction of Blackthorn <br />in considerati.an of Redevelopment and. Airport entering into an <br />agreement with. the Airport for~the point operation and. management of <br />Blackthorn; .and <br />WHEREAS,. as evidenced. by its Resolution, 67, adopted. <br />September 29, 1992., the South Bend Redevelopment Authority is <br />desirous of acquiring the Airport Land in order to allow for the <br />construction of Blackthorn in consideration of Redevelopment and. <br />Airport entering into an agreement with the Airport for the joint <br />operation and .management of Blackthorn; and <br />WHEREAS, I.G. 36-1-7, the Interloca.l Cooperation Act, ~ <br />.authorizes one ar mare governmental entities to exercise, jointly or '~ <br />by one of the entities on behalf of the others, powers that may be <br />exercised by such units severally; and <br />WHEREAS, it is desirable, advantageous, and in the public <br />interest that Redevelopment and Airport enter into the Agreement <br />among the South Bend Redevelopment Authority, the South Bend <br />Redevelopment Commission, and the St. Joseph County Airport Authority <br />for the.(7geration and Management of Blackthorn Golf Course <br />{"Agreement"), attached hereto; and <br />WHEREAS, substantially similar resolutions have or will. be <br />approved by the South Bend Redevelopment Authority and St. Joseph <br />County Airport Authority. <br />NOW, THEREFORE, AND PURSUANT TO THE AUTHORITY GRANTED TO THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY UNDER I.C. 36-1-7, THE INDIANA <br />INTERLOCAL COOPERATION ACT, BE IT RESOLVED BY THE SOUTH BEND <br />REDEVELOPMENT AUTHORITY AS FOLLOWS: <br />