No. 2004 amending resolution No. 1965 a bond resolution of the SBRC authorizing the issuance of taxincrement revenue bonds, series 2003 of the SB redevelopment district

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of the adoption of this Resolution. Such Purchase Agreement may set forth the definitive terms and conditions for such sale, but all of such terms and conditions must be consistent with the terms and conditions of this Resolution, including without limitation, the interest rate or rates on the Bonds which shall not exceed the maximum rate of interest for the Bonds authorized pursuant to this Resolution. The Bonds sold to the Bond Bank shall be accompanied by all documentation required by the Bond Bank pursuant to the provisions of Indiana Code 5 -1.5 and the Purchase Agreement, including, without limitation, an approving opinion of nationally recognized bond counsel, certification and guarantee of signatures and certification as to no litigation pending, as of the date of delivery of the Bonds to the Bond Bank, challenging the validity or issuance of the Bonds. In the event the Controller determines to sell the Bonds to the Bond Bank, the submission of an application to the Bond Bank and the entry by the Commission into the Purchase Agreement and the execution of the Purchase Agreement on behalf of the Commission by the President in accordance with this Resolution are hereby authorized, approved and ratified. (d) If the Bonds are sold at a public or private, negotiated sale other than to the Bond Bank, the Bonds shall be offered and sold pursuant to an Official Statement with respect to the Bonds (the "Official Statement "), to be made available and distributed in such manner, at such times, for such periods and in such number of copies as may be required pursuant to Rule 15c2 -12 promulgated by the United States Securities and Exchange Commission (the "Rule "). The Commission hereby authorizes the Controller to approve the form of the Preliminary Official Statement upon the advice of counsel with such approval to be conclusively evidenced by signature of the Controller thereon. The Commission hereby authorizes the Controller to deem "final" the Preliminary Official Statement, as of its date, in accordance with the provisions of the Rule, subject to completion as permitted by the Rule, and the Commission further authorizes the distribution of the deemed final Official Statement. The Commission hereby authorizes and directs the Controller, upon the advice of the counsel to place into final form and distribute and cause to be delivered the final Official Statement in accordance with the Rule, and further authorizes the Controller to execute the final Official Statement. The Commission covenants and agrees that it will comply with and carry out the continuing disclosure requirements of Section (b)(5) of the Rule. The Commission hereby authorizes the Controller to approve a continuing disclosure contract and to execute the same on the date the Bonds are issued. Section 4. Section 5 of the Bond Resolution is hereby amended as follows: SECTION 5. (a) The Redevelopment District reserves the right to authorize and issue additional bonds ('Parity Bonds "), payable out of the Tax Increment, ranking on a parity with the Bonds authorized by this Resolution and payable ratably from the Tax Increment for the purpose of raising money for future SBWANI 158875v2 -10-