1998-01-21 Resolution 118 - Laserfiche WebLink

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~~ • RESOLUTION NO. 118 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY APPROVING A MODIFICATION TO THE LEASE FOR 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 currently leases 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 (the "Amended and Restated Lease") the purpose of which is 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 Authority 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; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Authority, as follows: •