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.~~" <br />~,N AGREEMENT AMOUTH TBEND REDEVELOPMENT VCOMMISFSION UTHQRITY, <br />THE SO <br />AND THE ST. JOSEPH COUNTY AIRPORT AUTHORITY <br />FOR THE OPERATION AND MANAGEMENT OF <br />BLACKTHORN GOLF COURSE <br />THIS AGREEMENT, entered into this day <br />of 1992, by and among the South. Bend. Redevelopment <br />Authority, the South Bend Redevelopment Commission .(collectively <br />referred to as "Redevelopment") and the St. Joseph County Airport <br />Authority ("Airport"); <br />WITNESSETH: <br />WHEREAS, the Airport is the owner of approximately 189 acres. <br />of real property situated in St. .Joseph County, Indiana, in an area <br />commonly known as the Airport Economic Development Area, and mare <br />particularly described. at Exhibit "A," attached hereto ("Airport <br />Land"), and <br />WHEREAS, Redevelopment is the owner of approximately $1 <br />acres of real property situated in St. Joseph County, Indiana., in an <br />area commonly known as the Airport Economic Development Area, <br />("Redevelopment Land"); and <br />WHEREAS, Redevelopment is desirous of constructiof first class <br />equipping and establishing an 18- or 19-hole. public play, <br />golf course, clubhouse, maintenance building and. related facilities <br />("Blackthorn") over and upon the combined. Airport Land and <br />Redevelopment Land ("Golf Course Site") to be funded with proceeds. <br />from the issuance and sale of lease rental revenue bonds in the <br />approximate. amount of $5.5 million; and <br />WHEREAS, Redevelopmentconstructoion of Blackthornthandirgort <br />Land in order to allow for the <br />WHEREAS, the Airport is desirous of conveying the Airport <br />Land to Redevelopment in order to allow for the construction of <br />Blackthorn; and ,. <br />WHEREAS, Redevelopment is desirous of entering into an <br />agreement win considerationfof the conveyanceaof~thenAirporteLand to <br />Blackthorn <br />Redevelopment; and <br />WHEREAS, I.C. 36-1-7, the Interlocal Cooperation Act, <br />authorizes one ar moes onvbehalftof the1others~ powerssthat maylbe r <br />by one of the. entiti <br />exercised by such units severally; and <br />WHEREAS, it is desirable, :advantageous, and in the <br />public interest to enter into an Agreement for joint and. cooperative <br />• action as contemplated. hereby. <br />