No. 2153 authorizing issuance of bonds of the SB redevelopment district for purpose of raising money for certain local public improvements in downtown medical services district allocation area

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In the event any of the Bonds are issued as Term Bonds, the form of the Bond set forth in Section 3 of this Resolution shall be modified accordingly. Any reference to payment of principal on the Bonds shall include payment of scheduled mandatory sinking fund redemption payments described in this Section 2. SECTION 3. The form and tenor of the Bonds shall be substantially as follows (all blanks to be properly completed prior to the preparation of the Bonds): UNITED STATES OF AMERICA STATE OF INDIANA ST. JOSEPH COUNTY No. 2005R- $ CITY OF SOUTH BEND, INDIANA, REDEVELOPMENT DISTRICT REVENUE BOND OF 2005 (BARTLETT STREET RELOCATION PROJECT) Interest Rate Maturity Date Original Date Authentication Date 40 Registered Owner: Principal Sum: The City of South Bend, Indiana (the "City"), acting for and on behalf of the City of South Bend, Indiana, Redevelopment District (the "Redevelopment District"), for value received, hereby promises to pay to the Registered Owner stated above, or registered assigns, but solely from (i) taxes on real property located in the Downtown Medical Services District Allocation Area ("the Area") allocated and deposited in the City of South Bend, Department of Redevelopment, South Bend Central Development Area, Downtown Medical Services District Allocation Fund created for the Area (the "Allocation Fund") pursuant to Indiana Code 36-7-14-39, and proceeds from the sale or leasing of property in the Area under Indiana Code 36-7-14-22 deposited in the Allocation Fund as required by Indiana Code 36-7-14-26 (the "Tax Increment") and (ii) such other revenues that may be made available to the City of South Bend, Indiana, Redevelopment Commission (the "Commission") for such purpose (collectively with the Tax Increment, the "Revenues"), the Principal Sum stated above, on the Maturity Dates stated above and to pay interest on said Principal Sum to the Registered Owner of this bond until the City's obligation with respect to the payment of said Principal Sum shall be discharged, at the rate per annum specified above from the interest payment date next preceding the date of authentication of this bond, unless this bond is authenticated on or before July 15, 2005, in which case the interest shall be paid from the Original Date stated above or unless this bond is authenticated between the fifteenth day of the month preceding an interest payment date and the interest payment date, in which case interest shall be paid from such interest payment date. Interest is payable on August 1, 2005, and semiannually thereafter on February I and August 1 of each year by check or draft. Interest shall be calculated on the basis of twelve (12) thirty-day months for a three hundred sixty (360)-day year. The principal of and premium, if any, on this bond are payable at the principal office of — in , Indiana, as Paying Agent (which term shall include any successor Paying Agent). Interest on this bond shall be paid by check or draft mailed or delivered to the Registered Owner hereof at the is address as it appears on the books kept by — in , Indiana, as Registrar (which term shall -10- BDDB01 40102160