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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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7/23/2008 3:36:13 PM
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<br />i~ <br />i~ <br />i~ <br />i~ <br />i~ <br />II <br /> <br />n <br /> <br /> <br />[I <br /> <br /> <br /> <br /> <br />~i <br />u <br />other accounts as the Commission may from time to time establish <br />to pay the rentals owed by the Commission pursuant to the Lease as <br />amended by the Addendum. <br />Section 2. The Commission hereby acknowledges and <br />restates its obligation pursuant to the Pledge Resolution to levy <br />in each calendar year a special tax upon all of the taxable <br />property in the City of South Bend Redevelopment District in a <br />total amount sufficient, together with all other funds in the <br />Principal and Interest Account deposited into such account from any <br />other sources (other than such special taxes) or anticipated to be <br />deposited into such account from any other sources (other than such <br />special taxes) through the end of the following calendar year, to <br />pay all lease rental payments for the Taxable Project payable in <br />the twelve (12) month period beginning on July 1 of the following <br />calendar year pursuant to Section 4 of the Lease. Such taxes shall <br />be deposited in the Principal and Interest Account and such taxes <br />and any other funds in the Principal and Interest Account shall be <br />irrevocably pledged for the purposes set forth in this Resolution. <br />Section 4. This Resolution shall be in full force and <br />effect after its adoption by the Commission. <br />F-3 <br />
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