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namely the Morris Performing Arts Center, which includes the Morris Civic Center and certain <br />portions of the Palais Royale facility in South Bend, Indiana, and related improvements; <br />WHEREAS, the Commission anticipates it will consider for approval an <br />addendum to the Lease (the "Addendum") following the sale of the Bonds to reflect lower rental <br />payments under the Lease; and <br />WHEREAS, the Commission, by Resolution No. 1572 adopted at a meeting on <br />January 16, 1998, established certain funds and accounts for the payment of the rentals owed by <br />the Commission pursuant to said Lease (the "Pledge Resolution"); <br />NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment <br />Commission as follows: <br />Section 1. The Commission hereby covenants and agrees to keep and <br />maintain those funds and accounts created by the Pledge Resolution, such funds and accounts <br />consisting of a Morris Civic Center Project Principal and Interest Account (the "Morris Civic <br />Center Principal and Interest Account") and such other accounts as the Commission may from <br />time to time establish to pay the rentals owed by the Commission pursuant to the Lease as the <br />same may be amended by the Addendum. <br />Section 2. The Commission hereby acknowledges and restates its obligation <br />pursuant to the Pledge Resolution to levy in each calendar year a special tax upon all of the <br />taxable property in the City of South Bend Redevelopment District in a total amount sufficient, <br />together with all other funds in the Morris Civic Center Project Principal and Interest Account <br />deposited into such account from any other sources (other than such special taxes) during the <br />previous 12 calendar months prior to August 1 of such calendar year, to pay all lease rental <br />payments payable in the 12-month period beginning on July 1 of the following calendar year <br />BDDBOI ~093549v2 - 2 - <br />