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TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: <br />Your Committee of the Whole, to whom was referred: <br />BILL NO. <br />78-09 A BILL SUPPLEMENTING AND AMENDING ORDINANCE <br />NO. 9722-06 WHICH AUTHORIZED THE ISSUANCE AND <br />SALE OF THE CITY OF SOUTH BEND, INDIANA <br />VARIABLE RATE ECONOMIC DEVELOPMENT REVENUE <br />BONDS, SERIES 2007 (PEI/GENESIS PROJECT), ISSUED <br />ON JANUARY 30, 2007 IN THE PRINCIPAL AMOUNT OF <br />$8,105,000 (THE "BONDS"), APPROVING THE FORM OF, <br />AND AUTHORIZING THE EXECUTION AND DELIVERY <br />OF, AN AMENDED AND RESTATED TRUST INDENTURE, <br />AN AMENDED AND RESTATED LOAN AGREEMENT AND <br />OTHER DOCUMENTS RELATED TO THE BONDS; <br />AUTHORIZING THE DELIVERY OF A CONFIRMING <br />LETTER OF CREDIT AND THE EXTENSION OF THE <br />MATURITY DATE OF THE BONDS; AND AUTHORIZING <br />PROPER OFFICERS TO DO ALL OTHER THINGS <br />DEEMED NECESSARY OR ADVISABLE IN CONNECTION <br />THEREWITH AND APPROVING AND AUTHORIZING <br />OTHER ACTIONS IN RESPECT THERETO <br />Respectfully report that they have examined the matter and that in their opinion, <br />this bill is being recommended to the full Council with a favorable <br />recommendation. <br />Ann Puzzello <br />Chairperson, Committee of the Whole <br />