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RESOLUTION NO. 94 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY AUTHORIZING THE ISSUANCE AND SALE OF THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY VARIABLE RATE DEMAND LEASE <br />RENTAL REVENUE BONDS OF 1994 (COLLEGE FOOTBALL HALL OF FAME <br />PROJECT) 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 Nineteen Million and 00/100 Dollars <br />($19,000,000.00) pursuant to I.C. 36-7-14.5-1 et sea. to be known <br />as the "South Bend Redevelopment Authority Variable Rate Demand <br />Lease Rental Revenue Bonds of 1994 (College Football Hall of Fame <br />Project)" (the "Bonds"), the proceeds of which are to be used to <br />finance the costs of: (i) constructing and equipping a college <br />football hall of fame including payment of a bond anticipation note <br />issued by the Commission and dated as of January 6, 1993 and (ii) <br />issuance of the 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 />• <br />