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• South Bend Redevelopment Authority <br />Regular Meeting -June 7, 1994 <br />3. NEW BUSINESS (Cont.) <br />a. continued... <br />Upon a motion by Ms. Ferlic, seconded by Mr. Gammage and unanimously <br />carried, the Authority approved Resolution No. 92 approving modifications to <br />the Lease for the College Football Hall of Fame/Century Center Project and <br />approving the execution of an addendum to Lease and regarding other related <br />matters. <br />b. Authority at7proval requested for Resolution No. 93 accepting the transfer of <br />real prooert,~ from the City of South Bend. Indiana. <br />Mrs. Pitts Manier explained. that this resolution is a counterpart to a resolution <br />passed by the Board of Works on May 23, 1994 where they resolved to sell to <br />the Redevelopment Authority the Century Center land and improvements, <br />which the Redevelopment Authority needs to own in order to issue the bond it <br />intends to issue to make improvements to the Century Center. This resolution <br />• is indicating the Redevelopment Authority's acceptance of the Century Center <br />land and improvements. <br />Upon a motion by Ms. Ferlic, seconded by Mr. Gammage and unanimously <br />carried, the Authority approved Resolution No. 93 accepting the transfer of <br />real property from the City of South Bend, Indiana. <br />c. Authority abnroval reauested for Assignment of Lease Agreement with the <br />Redevelopment Commission. (Century Center) <br />Mrs. Pitts Manier explained that the Century Center is currently owned by the <br />Civic Center Building Authority and leased to the City. The City has a <br />sublease with the South Bend Community School Corporation, so when the <br />Redevelopment Authority takes title to the Century Center facility, it will want <br />to have that sublease in place, but will want to insert the Redevelopment <br />Commission as an interim party, so the Authority will own the facility and will <br />lease it to the Redevelopment Commission, who will then sublease a portion of <br />the facility to the .School Corporation. This Assignment of Lease Agreement <br />indicates the Authority's intention to create that structure of leases and <br />subleases. <br />3. NEW BUSINESS (Cont.) <br />-3- <br />