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1998-01-21 Resolution 117
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1998-01-21 Resolution 117
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• RESOLUTION NO. 117 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY AUTHORIZING THE ISSUANCE OF THE SOUTH BEND <br />REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE BONDS <br />(MORRIS PERFORMING ARTS CENTER PROJECT) AND <br />REGARDING OTHER RELATED MATTERS <br />WHEREAS, the South Bend Redevelopment Authority (the "Authority") has been <br />created pursuant to I.C. 36-7-14.5 as a separate body, corporate and politic, and as an instrumentality <br />of the City of South Bend to finance local public improvements for lease to the South Bend <br />Redevelopment Commission (the "Commission"); and <br />WHEREAS, the Authority intends to issue bonds in an aggregate principal amount <br />• of approximately Thirteen Million Seven Hundred Ten Thousand and 00!100 Dollars <br />($13,710,000.00) pursuant to LC. 36-7-14.5-19 to be known as the "South Bend Redevelopment <br />Authority Lease Rental Revenue Bonds (Morris Performing Arts Center Project)" (the "Bends"), the <br />proceeds of which are to be used to finance the cost of: (i) acquiring, constructing, renovating and <br />equipping 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- (ii) issuing the Bonds (collectively, <br />the "Project"); and <br />WHEREAS, the Authority intends to lease the Project to the Commission pursuant - <br />to an Amended and Restated Lease dated as of May 1, 1997, which was amended pursuant to an <br />Addendum to Lease dated as of January 15, 1998 (collectively referred to herein as the "Lease"), <br />which Lease was heretofore approved and executed by this Authority; and <br />• <br />
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