1997-05-02 Resolution 114 - Laserfiche WebLink

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"Combined Project" means that portion of the Palais Royale which does not include the Original Project and the improvements to be made thereon by the Authority or its agent according to plans and specifications all as described in Exhibit C hereto. The above mentioned plans and specifications may be changed and additional construction work may be performed and improvements may be purchased by the Authority, but only with the approval of the Lessee, and only if such changes or modifications or additional construction work or improvements do not alter the character of the Project or reduce the value thereof. Any such additional construction work or additional improvements shall be part of the property covered by this Lease. The above-mentioned plans and specifications have been filed with and approved by the Lessee. "Lease" means this Amended and Restated Lease as the same may be amended, modified or supplemented by any amendments or modifications hereof or supplements hereto entered into in accordance with the provisions hereof. "Lease Resolutions" means, collectively, the Original Lease Resolution and the Additional Lease Resolution. "Lessee" means the South Bend Redevelopment Commission, the governing body of the South Bend Department of Redevelopment and the Redevelopment District of the City of South Bend, Indiana, or if said Commission shall be abolished, the commission, board, body or agency succeeding to the principal functions thereof. "Morris Performing Arts Center Project Principal and Interest Account" means the account by that name created in the Redevelopment District Bond .Fund by the Additional Lease Resolution. "Original Bonds" means the South Bend Redevelopment Authority Taxable Lease Rental Revenue Bonds (Palais Royale Project). "Original Lease Resolution" means the resolution of the Commission passed on June 5, 1992, establishing funds for the payment of lease rentals for the Original/Combined Project. "Original/Combined Project" means the Original Project and an undivided interest in Twenty-seven percent (27%) of the Combined Project, which Original Project and undivided interest are allocable to the Original Bonds. "Original Project" means the real estate (including all right-of--way easements contained therein) in South Bend, Indiana, described in Exhibit B hereto and that portion of the Palais Royale which is leased to private entities for retail purposes and which does not include the Additional Project. "Palais Royale" means the real estate (including all right-of--way easements contained therein) in South Bend, Indiana, described in Exhibit B hereto and the building located thereon more commonly known as the Palais Royale. -2-