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:7 <br />� 0 <br />E <br />RESOLTION NO. 91 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY AUTHORIZING THE ISSUANCE AND SALE OF THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL <br />REVENUE BONDS OF 1994 (CENTURY CENTER PROJECT) <br />AND OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority ") has been created pursuant to I.C. 36 -7 -14.5 as a <br />separate body, corporate and politic, and as an instrumentality of <br />the City of South Bend to finance local public improvements for <br />lease to the South Bend Redevelopment Commission (the <br />"Commission "); and <br />WHEREAS, the Authority intends to issue bonds in the <br />aggregate amount not to exceed Seven Million Five Hundred Thousand <br />and 00/100 Dollars ($7,500,000.00) pursuant to I.C. 36 -7- 14.5 -1 et <br />seq. to be known as the "South Bend Redevelopment Authority Lease <br />Rental Revenue Bonds of 1994 (Century Center Project)" (the <br />"Bonds ") , the proceeds of which are to be used to finance the costs <br />of: (i) acquiring the existing Century Center facility and <br />constructing certain improvements thereto and (ii) issuance of the <br />Bonds (the "Project "); and <br />WHEREAS, the Authority intends to lease the Project to <br />the Commission pursuant to a lease dated as of November 1, 1993 <br />(the "Lease ") , which Lease was heretofore approved and executed by <br />the Authority; and <br />