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Lease dated as of November 12, 2008 (collectively, the "Lease "), which Lease was heretofore approved by this Commission, and pursuant to which the Authority leases to the Commission certain local public improvements, including the Century Center and related improvements; and WHEREAS, the St. Joseph County Hotel -Motel Tax Board of Managers (the "Board of Mangers ") adopted a resolution on June 4, 2008, pledging a portion of the Hotel- Motel Tax Revenues (the "Hotel Motel Tax Revenues ") distributed to the Board of Managers annually by the County Treasurer pursuant to Indiana Code 6 -9 -1 -6 to the payment of the rentals due under the Lease; and WHEREAS, the Board of Managers will continue to make distributions of the Hotel -Motel Tax Revenues to be used to pay the rentals due under the Lease; and WHEREAS, the Commission desires to confirm certain funds and accounts for the payments of the rentals owed by the Commission pursuant to the Lease; and WHEREAS, the Commission, by Resolution No. 2525 adopted at a meeting on November 7, 2008, established certain funds and accounts for the payment of the rentals owed by the Commission pursuant to the Lease (the "Pledge Resolution "); and WHEREAS, the Commission anticipates it will be necessary to enter into an addendum to the Lease following the sale of the Bonds to reflect changed rental payments due under the Lease and to make certain other changes to the Lease; and NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment Commission as follows: Section 1. The -Commission hereby authorizes, approves and ratifies the issuance, sale and delivery of the Bonds by the Authority in a maximum aggregate principal amount not to exceed Five Million One Hundred Thousand and 00 /100 Dollars ($5,100,000.00) DMS US 51727276vl - 2 -