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<br />RESOLUTION NO. 64 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY <br />AUTHORIZING THE ISSUANCE OF THE SOUTH BEND REDEVELOPMENT <br />AUTHORIT PRO ECT) AND REGARDING O HER RELATED MATTERS <br />GOLF COURSE <br />WHEREAS, the South Bend Redevelopment Authority (the <br />"Authority") has been created pursuant to I.C. 36-7-14.5 as a <br />separate body, corporate and politic, and as an instrumentality of <br />the City of South Bend to finance local public improvements for <br />lease to the South Bend Redevelopment Commission (the <br />"Commission"); and <br />WHEREAS, the Authority intends to issue bonds in the <br />aggregate amount of Five Million Six Hundred Eighty Thousand <br />Dollars ($5,680,000) pursuant to I.C. 36-7-14.5-19 to be known as <br />• the "South Bend Redevelopment Authority Lease Rental Revenue Bonds <br />.(Blackthorn Golf Course Project)" (the "Bonds"), the proceeds of <br />which are to be used to finance the construction of Blackthorn Golf <br />Course (the "Project") and to pay the cost of issuance of the <br />Bonds; and <br />WHEREAS, the Authority intends to lease the Project to <br />the Commission pursuant to a lease dated as of July 1, 1992 (the <br />"Lease"), which Lease was heretofore approved and executed by this <br />Authority; and <br />WHEREAS, the Authority desires to appoint a Trustee for <br />the Bonds; and <br />WHEREAS, there has been prepared and submitted to the <br />Authority a form of Trust Agreement to be dated as of September 1, <br />1992, between the Authority and Norwest Bank Indiana, N.A., South <br />