60-18 Bond Financing for the Community Center Project

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"Disbursement Request" means any request from the Public Library to the Trustee for a Disbursement, which request is subject to the prior written approval of the City. The form of Disbursement Request is attached as Exhibit B to the Indenture. "District"means the Redevelopment District of the Issuer. "Economic Development Commission" means the City of South Bend Economic Development Commission. "Eligible Costs"means the costs of the Project specifically described in the Disbursement Requests approved by the City. "Indenture" means the Trust Indenture, dated as of November 1, 2018, by and between the Issuer and the Trustee, authorizing and securing the Series 20_Bonds. "Issuer" or "City" means the City of South Bend, Indiana, a municipal Public Library duly organized and validly existing under the laws of the State. "Pledged Revenues" shall have the meaning set forth in the Indenture. "Project" means the construction and equipping of an approximately 38,000 square foot building for use as a community and education center to provide new and expanded flexible spaces for community meetings and training, events, and conferences and a larger auditorium to meet increasing demand for program space and allow for a more diverse range of programs and community events, and any other projects and improvements related thereto. "Redevelopment Commission"means the South Bend Redevelopment Commission. "River West Economic Development Area" means the economic development area within the District previously established by the Redevelopment Commission in accordance with IC 36-7-14. "Series 20_ Bonds" or "Bonds" means the City of South Bend, Indiana, Economic Development Revenue Bonds, Series 20_ (Potawatomi Zoo Project), anticipated to be issued pursuant to the Indenture, in an aggregate principal amount not to exceed $4,800,000, for the purpose of paying a portion of the costs of the Project, paying for a debt service reserve surety policy to satisfy the requirements of the debt service reserve fund for the Bonds, and costs related to the issuance thereof. "State"means the State of Indiana. "TIF Pledge Resolution" means Resolution No. , adopted by the Redevelopment Commission on November 8, 2018, pledging the Pledged Revenues to the payment of the Series 20 Bonds. "Trustee" means initially U.S. Bank National Association or any successor trustee serving in such capacity under the Indenture. Section 1.2. Rules of Interpretation. For all purposes of this Financing Agreement, except as expressly provided herein or unless the context otherwise requires: 3