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APPENDIX V <br />RESOLUTION NO. 915 <br />• ESOLUTIGN OF THE SOUTH BEND REDEVELOPMENT COMMISSION <br />R <br />ESTABLISHING CERTAIN FUNDS AND ACCOUNTS IN CONNECTION <br />WITH THE LEASE DATED AS OF NOVEMBER 1, 1989 BETWEEN <br />THE SOUTH BEND REDEVELOPMENT COMMISSION AND THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY RELATING TO THE <br />SOUTH BEND CENTRAL DEVELOPMENT AREA PUBLIC IMPROVEMENT <br />PROJECT AND OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the "Authority") <br />has been created pursuant to IC 36-7-14.5 as a separate. ..body, <br />corporate and politic, and as an instrumentality of the City. of South <br />Bend to finance local public improvements for lease to the South Bend <br />Redevelopment Commission (the °' Commission") ; and <br />WHEREAS, the Authority. intends to issue bonds in the aggregate <br />amount of .Four Million Eight Hundred Ninety-Five Thousand Dollars <br />• e "South <br />($4,895,000) pursuant to IC 36-7-14.5-19 to be known as th <br />Bend Redevelopment Authority Lease Rental Revenue Bonds (South Bend <br />Central Development. Area Public Improvement Project) (the ".Bonds"), <br />the proceeds of which are to be used to finance certain land and <br />public improvements to be known. as the "South. Bend. Central <br />Development Area Public Improvement Project" (the "Project"), and to <br />pay the costs of issuance of the Bonds; and <br />WHEREAS, the Authority intends to lease the Project to the <br />Commission pursuant to a lease dated as of November 1, 1989 (the <br />"Lease"), which Lease was heretofore approved by this .Commission; .and <br />• <br />V-1 <br />