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' ~ <br />refunding the South Bend Redevelopment Authority Lease Rental Revenue Bonds (Airport <br />Economic Development Area Public Improvement Project) (the "1991 Bonds") issued in 1991 <br />to pay the costs of acquiring certain land and constructing certain public improvements located <br />in the Airport Economic Development Area (the "Airport Project") and paying the costs of <br />issuance of the Series 1996 B Bonds; and <br />WHEREAS, the Authority issued $3,790,000 aggregate principal amount of Series <br />1996 A Bonds on September 26, 1996; and <br />WHEREAS, the Authority did not issue the Series 1996 B Bonds in 1996 and has <br />determined to proceed with the issuance of refunding bonds in 1997 to advance refund the 1991 <br />Bonds and desires to amend certain of the provisions contained in the Bond Resolution to provide <br />for the issuance of the Series 1996 B Bonds in 1997; and <br />• NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment <br />Authority as follows: <br />Section 1. The Authority hereby amends the Bond Resolution to provide for the <br />issuance of bonds to advance refund the 1991 Bonds with said bonds to be known as the "South <br />Bend Redevelopment Authority Lease Rental Revenue Bonds of 1997 (Airport Economic <br />Development Area Public Improvement Project) (the "Bonds") with said Bonds being issued in <br />an aggregate principal amount not to exceed Two Million Five Hundred Forty Thousand and <br />00/100 Dollars ($2,540,000.00). <br />Section 2. The Authority hereby ratifies and approves the execution of a Bond <br />Purchase Contract (the "Contract") providing for the sale of the Bonds to City Securities <br />• <br />-2- <br />