Laserfiche WebLink
c� a- c f) <br />RESOLUTION NO. 2874 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION CONTINUING CERTAIN FUNDS AND ACCOUNTS <br />IN CONNECTION WITH THE LEASE DATED AS OF <br />NOVEMBER 1, 1993, AS AMENDED, BETWEEN THE SOUTH BEND <br />REDEVELOPMENT COMMISSION AND THE SOUTH <br />BEND REDEVELOPMENT AUTHORITY FOR THE <br />COLLEGE FOOTBALL HALL OF FAME /CENTURY CENTER PROJECT <br />AND REGARDING RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the "Authority ") has been <br />created pursuant to IC 36 -7 -14.5 as a separate body, corporate and politic, and as an <br />instrumentality of the City of South Bend, Indiana, to finance local public improvements for <br />lease to the South Bend Redevelopment Commission (the "Commission "); and <br />WHEREAS, the Authority will consider the issuance of two (2) series of bonds as <br />follows: (i) taxable lease rental revenue bonds in an aggregate principal amount expected not to <br />exceed Eight Million Six Hundred Thousand and 00 /100 Dollars ($8,600,000.00) pursuant to <br />IC 36 -7- 14.5 -19 and IC 5 -1 -5 (collectively, the "Act ") to be known as the "South Bend <br />Redevelopment Authority Taxable Lease Rental Revenue Refunding Bonds, Series 2011 A <br />(College Football Hall of Fame Project)" (the "Hall Bonds "), the proceeds of which will be used <br />to currently refund the South Bend Redevelopment Authority Lease Rental Revenue Bonds of <br />2000 (College Football Hall of Fame Project) (the "2000 Bonds "), and to pay the costs of <br />issuance of the Hall Bonds; and (ii) tax - exempt lease rental revenue bonds in an aggregate <br />principal amount expected not to exceed Three Million Eight Hundred Thousand and 00 /100 <br />Dollars ($3,800,000.00) pursuant to the Act to be known as the "South Bend Redevelopment <br />Authority Lease Rental Revenue Refunding Bonds, Series 2011 B (Century Center Project)" (the <br />BDDB01 6649917v1 <br />