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227 W. JEFFERSON Bwa, STE. 12005 <br />SOUTH BEND, INDIANA 46601 <br />October 18, 2010 <br />CITY of SocTTH BENT] STEPHEN 1, LUECKE, MAYOR <br />EcON®MIC DEvEwpmENT COMMISSION <br />ROBERT MATHIA <br />DiREGTOR <br />Mr. Ken Fedder, esq. <br />Attorney for the South Bend <br />Economic Development Commission <br />Mr. John Voorde <br />City Clerk <br />City of South Bend <br />Re: Dillingham Hill RE, LLC <br />Resolution for the Common Council <br />Dear Mr. Voorde: <br />PHONE 574! 235 -9371 <br />FAX 5741235-9021 <br />On October 15, 2010, the South Bend Economic Development Commission passed an <br />Inducement Resolution (copy attached) for the acquisition, renovation and equipping of <br />real property commonly referred to as the Chase Tower. <br />Enclosed find a proposed Inducement Resolution for consideration by the South Bend <br />Common Council for the Chase Tower. The bonds, authorized by the federal stimulus <br />bill must be issued by December 31, 2010, and would pose no risk for the City of South <br />Bend. Please place this resolution on the agenda for the Common Council's meeting <br />scheduled for October 25, 2010. <br />Very truly yours, <br />Ken Fedder esq. <br />WdLuAM GATES GREG JURGONSM FREI) THON RoLAND KELLY <br />PPLESIDENT VICE PRESIDENT SECRETARY MEMBER <br />office <br />0 , T ? 2010 <br />JOHN VOORDE <br />CITY C #',t;,0. EF.�'1, IN. <br />ERIC BROWN KENNETH FEDDER <br />MEMBER LEGAL CouNsa <br />