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4. On October 8, 1998, a Petition signed by fifty <br />taxpayers of the City of South Bend, Indiana, was filed with the <br />Board of Public Works of the City of South bend, Indiana, <br />requesting that the Board lease the property at 205 W. Jefferson, <br />Suite 416, South Bend, Indiana, by entering into a lease with 1st <br />Source Bank for a term of one year with an option to renew for <br />two additional one year periods, with an annual rent not to <br />exceed Twenty -Seven Thousand Four Hundred Seventy -Eight Dollars <br />($27,478.00). <br />5. On October 8, 1998, the Board of Public Works received <br />a certificate signed by the St. Joseph County Auditor, certifying <br />that the verifier and the signors of the Petition are taxpayers <br />of property within the corporate limits of the City of South <br />Bend. <br />6. A proposed lease agreement for the premises was filed <br />with the Board of Public Works, a true and complete copy of which <br />is attached hereto and incorporated herein. <br />7. Having considered the <br />Resolution on October 26, 1998, <br />South hereby finds, pursuant to <br />of property at 205 W. Jefferson <br />office space, as petitioned by <br />South Bend, as certified by the <br />needed. <br />presentation and hearing on this <br />the Common Council of the City of <br />I.C. 36- 1- 10 -7(2), that the lease <br />Blvd., Suite 416 as general <br />the fifty taxpayers of the City of <br />St. Joseph County Auditor, is <br />8. This Resolution shall be in full force and effect from <br />and after its adoption by the Common Council and approval by the <br />Mayor. <br />Member, South Bend Common Council <br />PRESENTED <br />NOT APPROVED OCT 2 1 1998 <br />ADOPTED /0-26- �-/ "9 <br />