HomeMy WebLinkAboutNo. 1736 approving a modification to the lease for the Morris Performing Arts Center project and approving the execution of an addendum to the leaseRESOLUTION NO. 1736
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT
COMMISSION APPROVING A MODIFICATION TO THE LEASE FOR
THE MORRIS PERFORMING ARTS CENTER PROJECT AND
APPROVING THE EXECUTION OF AN ADDENDUM TO THE LEASE
WHEREAS, the South Bend Redevelopment Authority (the "Authority ") previously
entered into a Lease between the Authority and the South Bend Redevelopment Commission (the
"Commission ") dated as of March 1, 1992, as amended by an Addendum to Lease dated as of August
7,1992 (collectively, the "Original Lease "), whereby the Authority leased certain land and a building
located thereon commonly known as Palais Royale to the Commission; and
WHEREAS, the Authority and the Commission amended and restated the Original
Lease by entering into and adopting an Amended and Restated Lease, dated as of May 1, 1997, as
amended by an Addendum to the Amended and Restated Lease (collectively, the "Amended and
Restated Lease ") the purpose of which was to provide for the acquisition, construction, renovation
and equipping of the Morris Performing Arts Center which includes improvements to certain
portions of the Palais Royale and acquisition of and improvements to the adjacent facility known as
Morris Civic Center; and
WHEREAS, the Commission desires to approve and execute an addendum to the
Amended and Restated Lease (the "Addendum "), a copy of which is hereby attached as Exhibit A,
making certain amendments to the Amended and Restated Lease which amendments do not affect
the maximum lease rental amount payable under the Amended and Restated Lease or the maximum
term of the Amended and Restated Lease;
(mile NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission, as follows:
1. The Commission hereby approves the Addendum set forth in Exhibit A
attached hereto.
2. All remaining terms, covenants and conditions as set forth in the Amended
and Restated Lease shall remain in full force and effect.
3. The President or Vice - President and Secretary of the Commission are hereby
authorized and directed to execute and attest, respectively, the Addendum.
4. This resolution shall be in full force and effect after its adoption by the
Commission.
C� ADOPTED at a meeting of the South Bend Redevelopment Commission held on
January _, 2000, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
By:
President
ATTEST:
Secretary
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