No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1

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ISSUANCE OF THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1990 FOR THE PURPOSE OF RAISING MONEY FOR PROPERTY ACQUISITION AND REDEVELOPMENT IN THE AIRPORT ECONOMIC DEVELOPMENT AREA, ALLOCATION AREA NO. 1" (Resolution No. ), (the "Resolution ") adopted by the City of South Bend Redevelopment Commission (the "Commission ") on August 31, 1990, and in strict compliance with IC 36 -7 -14, for the purpose of procuring funds to pay for the cost of property acquisition and redevelopment in Allocation Area No. 1, together with a sum sufficient to pay the estimated cost of all expenses reasonably incurred in connection with the acquisition and redevelopment of Allocation Area No. 1, including the total cost of all land, rights -of -way and other property to be acquired and redeveloped, all reasonable and necessary architectural, engineering, legal, financing, accounting, advertising, bond discount and supervisory expenses, capitalized interest and a debt service reserve for the bonds as set forth in the Resolution and expenses the Commission may be required or permitted to pay as "relocation assistance" under IC 8- 23 -17, together with the expenses in connection with or on account of the issuance of the bonds, all as described in the Resolution. Reference is hereby made to the Resolution for a description of the nature and extent of the rights, duties and obligations of the owners of the bonds, the City and the Commission and the terms on which this bond is issued, and to all the provisions of the Resolution to which the owner hereof by the acceptance of this bond assents. The Bonds are subject to mandatory redemption through operation of a sinking fund at a redemption price of loot of the principal amount redeemed, plus interest accrued to the redemption date, and at maturity, on the dates specified below in the following principal amounts: Date Amount The Bonds are subject to redemption at the option of the Commission at any time after issuance thereof, as a whole or in part from time to time, only in Authorized Denominations (with the Bonds to be selected by lot in such manner as may be designated by the Registrar, in case of redemption in part), at face value plus interest accrued on the Bonds so redeemed to the date fixed for redemption, and without premium. Unless waived by any holder of bonds to be redeemed, official notice of any such redemption shall be given by the -13- \rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990