1994-03-15 Resolution 89 - Laserfiche WebLink

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• WHEREAS, a lease (the Lease) between the Authority and the South Bend Redevelopment Commission, governing body of the City of. South Bend, Department of Redevelopment (the Commission), dated. as of November 1, 1993 for certain. land and improvements consisting of the Century Center to be acquired by the Authority and improvements to be constructed thereto, and a facility to house the College Football Hall of Fame (collectively, the Project) was approved by the Authority by its Resolution Na. $5, adapted November 4, 1993 and by the Commission by its Resolution No. 1198, adopted November 5, 1993; and WHEREAS, the Commission scheduled and on Navember 15, 1993, following-proper legal publication of the same, conducted a public hearing on the Lease pursuant to I.C. 36-7-i4-25.2 providing all interested persons the opportunity to be heard; and WHEREAS, the Commission, in its Resolution No. 1199 adapted November 15, 1993, determined the annual rental payments for the Hall of Fame Portion. and for the Century Center Portion of the Project to be leased, each to be fair and reasonable and. that the use of the Project throughout the term of the Lease would serve the public purpose of the City of South. Bend and would be in the best interests of its residents; and WHEREAS, the Common Council of the City of.South Bend, Indiana, on November 29, 1993, adopted its Ordinance No. 8437-93, finding that the .annual rental ,payments for the Project, as approved by the Commission, to be fair and reasonable and that the use of the Project throughout the termaf the Lease would sexve the public purpose of the City of South Bend and be in the best interests of its residents, and approved the Lease, while reserving the right to approve the issuance of bonds by the Authority to finance costsaf the Project following completion of the actions necessary to .secure approval of the Lease; and WHEREAS, all actions necessary to secure approval of the Lease have been completed.; and 'v~HEREAS, the Commission, on March 11, 1994, adopted its Resolution Na. 1235 approving the issuance of bonds by the Authority to finance the Project; and WHEREAS, the Common Council of the .City of South Bend, Indiana, on March 14, 1995, passed its. ordinance Na. -94, approving the issuance of bonds by the Authority to finance costs of the Project; and WHEREAS, the Authority, on March 15, 1994, adopted its Resolution No. reaffirming its intent to issue bonds to finance the costs of the Project and ratifying all earlier actions taken by the Authority tb indicate its intent to issue bonds and to reimburse from proceeds of such bonds preliminary expenditures incurred in connection with the Project; and