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1994-03-15 Resolution 88
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1994-03-15 Resolution 88
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. RESOLUTION NO. 88 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY <br />REAFFIRMING ITS INTENT TO ISSUE REDEVELOPMENT AUTHORITY <br />LEASE RENTAL REVENUE BONDS AND REGARDING OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority") adopted Resolution No. 63 on August 28, 1992, <br />indicating its intent for purposes of the Treasury Regulations to <br />reimburse certain preliminary expenditures with respect to the <br />construction and equipping of the College Football Hall of Fame in <br />a maximum amount not to exceed Three Million and 00/100 Dollars <br />($3,000,000.00); and <br />WHEREAS, the South Bend Redevelopment Authority (the <br />• "Authority") at a meeting on November 4, 1993, adopted Resolution <br />No. 84 establishing: (i) its intent to issue its South Bend <br />Redevelopment Authority Lease Rental Revenue Bonds (the "Bonds") <br />to finance the construction and equipping of the College Football <br />Hall of Fame and the acquisition of and construction of <br />improvements to and expansion of the Century Center (collectively, <br />the "Project") subject to the approval of the Common Council of the <br />City of South Bend, Indiana (the "Common Council"), following <br />completion of the approval process for the Lease described herein <br />and (ii) its intent that preliminary costs incurred by or on behalf <br />of the Authority and the Commission in financing the construction <br />of improvements to and expansion of the Century Center be <br />reimbursed from proceeds of the Bonds; and <br />• <br />
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