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• amended on April 6, 1990, (the "1990 Lease"}, which 1990 Lease was heretofore approved <br />and executed by this Authority; and <br />WHEREAS, the Authority intends to issue bonds in the aggregate principal <br />i• <br />amount not to exceed Three Million and 00/100 Dollars ($3,000,000.00) pursuant to I.C. 36- <br />7-14.5-19 and I.C. 5-1-5 to be known as the "South Bend Redevelopment Authority Lease <br />Rental Revenue Refunding Bonds, Series 1996 B (Airport Economic Development Area <br />Public Improvement Project)" (the "Series 1996 B Bonds") (the Series 1996 A Bonds and the <br />Series 1996 B Bonds being sometimes collectively referred to herein as the "Bonds"), the <br />proceeds of which are to be used to: (i) refund the South Bend Redevelopment Authority <br />Lease Rental Revenue Bonds (Airport Economic Development Area Public Improvement <br />Project) (the "1991 Bonds") (the 1990 Bonds and the 1991 Bonds being sometimes <br />collectively referred to herein as the "Prior Bonds") issued in 1991 to pay the costs of <br />acquiring certain land and constructing certain public improvements located in the Airport <br />Economic Development Area (the "Airport Project"); and (iii) pay the costs of issuance of <br />the Series 1996 B Bonds; and <br />WHEREAS, the Authority intends to amend the currently existing lease of the <br />Airport Project with the Commission dated as of August 1, 1990, which was subsequently <br />amended on January 29, 1991, (the "1991 Lease"), which 1991 Lease was heretofore <br />approved and executed by this Authority; and <br />WHEREAS, there has been prepared and submitted to the Authority a form <br />of Trust Agreement to be dated as of April 1, 1996, between the Authority and Norwest <br />Bank Indiana, N.A., as Trustee (the "Trust Agreement") which Trust Agreement provides <br />-2- <br />