No. 0747 authorizing the issuance of tax increment revenue bonds for the purpose of raising money for property acquisition and redevelopment in the SBCDA

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4 nated as the "Redevelopment District (South Bend Central Development Allocation Area) Capital Fund." SECTION 8. Proceeds of the Redevelopment District (South Bend Central Development Allocation Area) Capital Fund shall be deposited with a legally qualified depository or depositories for funds of the City as now provided by law and shall be segregated and kept separate and apart from all other funds of the City and may be invested in accordance with the provisions of IC 5 -13 -1 and any acts amendatory thereof or supplemental thereto. The proceeds in the Redevelopment District (South Bend Central Development Allocation Area) Capital Fund shall be expended only for the purpose of paying the cost of property acquisition and redevelopment in the Allocation Area, together with expenses incidental thereto and expenses in connection with the issuance of the Bonds. Any balance or balances remaining in the Redevelopment District (South Bend Central Development Allocation Area) Capital Fund after the completion of property acquisition and redevelopment in the Allocation Area which are not required to meet unpaid obligations incurred in connection with the property acquisition and redevelopment in the Allocation Area and issuance of the Bonds, shall be deposited into the Bond Principal and Interest Account and used solely for the purposes of that account. SECTION 9. As soon as can be done after the adop- tion of this Resolution, the President and the Secretary of the Commission are hereby directed to deliver on behalf of the Commission a certified copy of this Resolution to the Controller. As soon as can be done after the passage of this Resolution, the Secretary of the Commission shall give notice of determination to issue bonds as required by IC 6- 1.1 -20 -5, by publishing said notice once each week for two weeks in the South Bend Tribune and the Tri- county News and by posting said notice in three public places in the Redevelopment District. SECTION 10. Except as provided in Section 11, below, prior to the sale of the Bonds, the Controller shall cause to be published a notice of such sale two times, at least one week apart, in the South Bend Tribune and Tri- County News. The notice may also be published in Credit Markets, a financial journal published in the City and State of New York, in the Indianapolis Commercial, a financial journal published in the City of Indianapolis, Indiana, and /or other newspapers at the discretion of the Controller. The date fixed for the sale shall not be earlier than fifteen (15) days after the first such publications and not earlier than three (3) days after the second of such publications in the South Bend Tribune and the Tri- county News. The Bond sale notice shall state the time and place of sale, the purpose C ":