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1993-07-15 Resolution 79
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1993-07-15 Resolution 79
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7/23/2008 3:45:18 PM
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<br />3. The parties hereto acknowledge that all remaining ' <br />terms, covenants and conditions as set forth in the Lease between <br />the parties hereto shall remain in full force and effect. <br />4 <br />This Add <br />d <br />h <br />ll <br />. <br />en <br />um s <br />a <br />take effect as of the date (the <br />"Deposit Date") when the Authority deposits or causes to be <br />deposited proceeds derived from the sale of its South Bend <br /> <br />Redevelopment Authority Taxable Lease Rental Acquisition and ' <br />Refunding Revenue Bonds of 1993 (Airport Economic Development Area <br />Public Improvement Project) into an escrow fund established <br />pursuant to an Irrevocable Escrow Deposit Agreement, such Agreement <br />to be dated as of July 1, 1993, between the Authority and Society <br />National Bank, Indiana, for the purpose of "refunding the South Bend <br />Redevelopment Authority Taxable Lease Rental Revenue Bonds (Airport <br /> <br />Economic Development Area Public Improvement Project), dated ' <br />January 1, 1991. Such Deposit Date shall be endorsed on this <br />Addendum at the end hereof by the parties hereto as soon as the <br />same can be done after the deposit into the Escrow Fund and the ' <br />Addendum shall be recorded as so endorsed. <br />IN WITNESS WHEREOF, the undersigned have caused this ' <br />Addendum to be executed for and on their behalf on the day and year <br />first hereinabove written. <br />SOUTH BEND REDEVELOPMENT AUTHORITY, <br />as Lessor <br />By. <br />Joseph W. Wroblewski, President <br />ATTEST• <br />Donald K. Fewell, <br />Secretary-Treasurer ' <br />SOUTH BEND REDEVELOPMENT COMMISSION, <br />as Lessee ' <br />By: <br />Paula N. Auburn, President <br />ATTEST: <br />Theo F. Sharp, <br />Secretary , <br />~i <br />D-40 ' <br />
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