Resolution No. 182 Issuance of the South Bend Redevelopment Authority Lease

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RESOLUTION NO. 182 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY AUTHORIZING THE ISSUANCE OF THE SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE REFUNDING BONDS, SERIES 2013 (CENTURY CENTER 2008 PROJECT) WHEREAS, the South Bend Redevelopment Authority (the "Authority') has been created pursuant to I.C. 37 -7 -14.5 as a separate body, corporate and politic, and as an instrumentality of the City of South Bend, Indiana (the "City') to finance local public improvements for lease to the South Bend Redevelopment Commission (the "Commission "); and WHEREAS, the Authority has previously issued its Lease Rental Revenue Refunding Bonds of 2008 (Century Center Project) (the "2008 Bonds ") for the purpose of financing the (i) construction of certain additional improvements to the Century Center, a convention center and event facility located in the City, and (ii) acquisition from St. Joseph County, Indiana (the "County'), of certain improvements the County previously completed at the Century Center and to pay the costs of issuance of the 2008 Bonds; and WHEREAS, the Authority has previously approved and executed a lease relating to the Century Center with the Commission dated as of November 1, 1993, which lease was amended by an Addendum to Lease dated as of June 3, 1994, and further amended by the Second Addendum to Lease dated as of June 1, 2008, which Second Addendum to Lease was amended by an Addendum to Lease between the Commission and the Authority dated as of November 12, 2008 (collectively, the "Lease "); and WHEREAS, the Authority has previously approved and executed a trust agreement with U.S. Bank National Association, as trustee (the "Trustee "), dated as of November 1, 2008 (the "2008 Trust Agreement'), for the purpose of securing the principal of and premium, if any, and interest on all of the 2008 Bonds and the performance of the covenants contained therein; and WHEREAS, the Authority desires to issue its lease rental revenue refunding bonds pursuant to I.C. 36 -7- 14.5 -19 and I.C. 5 -1 -5 to be known as the "South Bend Redevelopment Authority Lease Rental Revenue Refunding Bonds, Series 2013 (Century Center Project)" (the "Bonds ") in an aggregate principal amount not to exceed Five Million One Hundred Thousand and 00 /100 Dollars ($5,100,000.00), the proceeds of which are to be used to refund all or a portion of the 2008 Bonds and to pay the cost of issuance of the Bonds (collectively, the "Refunding"): NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment Authority as follows: DMS_US 51727278v1