9645-05 Authorizing the city to issue its adjustable rate demand for the Stanley Clark School

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EXHIBIT A FINDINGS OF FACT OF THE SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION REGARDING THE STANLEY CLARK SCHOOL PROJECT Comes now the South Bend Economic Development Commission and upon evidence presented and substantive testimony received makes the following findings of fact regarding The Stanley Clark School Project to be located in the City of South Bend, Indiana (the "City"): The proposed economic development projects for The Stanley Clark School, Incorporated, an Indiana nonprofit corporation (the "Applicant"}, consists of (a)(i) the improvement, expansion, and renovation of the educational facility commonly known as Fannin Hall to include four kindergarten rooms, three preschool rooms, a large-motor multipurpose room and an atelier; (ii) the improvement, expansion and renovation of the educational and administrative facility commonly known as Martin Hall to provide for, among other improvements, additional classrooms, common rooms and office space; (iii) improvements to roads, walkways, parking lots and other educational facilities on the same site, including site improvements and landscaping; and (iv} water retention improvements (collectively, the "2005 Project"), all of which are to be located on the Applicant's approximately thirty- two (32) acre site at 3123 Miami Street in the City (the "Site") and (b)(i) the rebuilding of the educational facility on the Site commonly known as the Lower School to provide for up-to-date technology and amenities; (ii) the construction of a fine arts center and an improved media center on the Site which may include an auditorium, additional fine arts and music classrooms and improved media equipment and technology; and (iii) the relocation and construction of athletic fields or facilities on the Site or on an approximately four (4) acre site located on the northeast corner of High Street and Donmoyer Avenue, near and including 744 Donmoyer Avenue and the property across from the Site on High Street (collectively, the "Additional Projects" and with the 2005 Project, the "Projects"). The Projects will be owned and operated by the Applicant. The estimated cost of the Projects is $15,000,000, and the Applicant has request that a portion, if not all, of said cost be financed through the issuance of economic development revenue bonds by the City under the provisions of I.C. § 36-7-11.9 and 12, as supplemented and amended. 2. The Applicant has entered or will enter into agreements with such persons as they deem necessary and appropriate for the payment and provision of public works or services necessary for the operation of the Projects. Accordingly, no public works or services not already existing or available, or contemplated by the City, will be necessary or desirable due to the economic development facilities proposed by the Applicant. BDDBO] 4177119v1 A-1