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w � ' <br /> ST.,JOSEPH BANK&TRUST COMPANY <br /> On the plaza at Michigan &Jefferson Streets, South Bend, Indiana 46601 <br /> Jerome B. Kearns, Executive Vice President <br /> (219)284-1251 <br /> April 4, 1972 <br /> Mr. Karl King, President <br /> Economic Development Commission <br /> City of South Bend <br /> County-City Building <br /> South Bend, Indiana 46601 <br /> Dear Mr. King: <br /> Please permit this letter to serve as our commitment to purchase the <br /> Industrial Revenue Bonds in an amount not to exceed $2,800,000 to be <br /> issued for the purpose of constructing a 150-room Royal Inns of <br /> America Hotel to be constructed on Parcel No. 7-1 situated in the <br /> Central Downtown Project, R-66. <br /> The term of these bonds will coincide with the lease entered into by <br /> the limited partnership formed by Royal Inns of America, Inc. and <br /> other investors. <br /> l Cordially, <br /> Executive Vice President <br /> JBK:VJT <br />