No. 0084 authorizing issuance, sale, delivery from preliminary loan notes, execution of requisition agreements, execution of project temp. loan notes for delivery pursuant to requisition agreements IND R-29

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BASED ON FORM H -3078 (5-63) INDIANA 5 -1 -64 P2ESQLUTIOK #64 RESOLUTION AUTHORIZING THE ISSUANCE, SALE, AND DELIVERY FROM TIME TO TIME OF PRELIMINARY IRAN NOTES,, THE EXECUTION OF REgUISITION AGMWMS, AND THE EXECUTION OF PROJECT TEMPORARY LOAN NOTES FOR DELIVERY PURSUANT TO REQUISITION AGMEMEM y IrI CONNECTION WITH URBAN RENEWAL PROJECT NO- lea- (herein ca the Local Public Agency"), has enterea into a contiracu ua— wA. the Gth day of 19 63 ,, numbered Contract No . (which, together with any supplements thereto or amendments, modifications,,or waivers of any provisions thereof, is herein called the "Loan and Grant Contract "), with the U ited States of America (herein called the "Government "), acting by and through the Housing and Hoge Finance Administrator, which Loan and Grant Contract provides, in part, for a Project Temporary Loan by the Government to the Local Public Age cy under Title I of the Housing Act of 1949, as amended (42 U S.C. 1450 et se q.), in an amount outstanding at any one time not to exceed $w 1#4174070* 0 to aid the Local Public Agency in its undertaking and carrying out of a certain urban rene a1 o ent project (herein called. the "Project ") designated Project No and which is more fully identified in the Loan and Grant Cont act; and WHEREAS the Loan and Grant Contract provides in connection with the financing of the Project that if the Local Public Agency can obtain loan funds from sources other than the Government at interest rates lower than the pertinent Project Temporary Loan Interest Rate or Rates it may do so with the prior written consent of the Gov rnment and, in any such ease,, if the Local Public Agency shall have complied 'th`all conditions precedent to its obtaining a payment by the Government' under the Loan and. Grant Contract in a specified amount on account of the Project Temporary Loan, the Local Public Agency, with the prior written consent of the Go rnment, may pledge its right under the Loan and Grant Contract to a<. sufficient amount of.such particular payment as security for the repayment by the Local Public Agency of the principal of and interest on its obligations evidencing loan funds so obtained from sources other than the Government; and referred the purpo security the inter Public Ag is desire such obli Project a of the Pi TV as follo, s it appears that obligations of the Local Public Agency, known and in the Loan and Grant Contract as "Preliminary Loan Notes ", issued for s as hereinafter authorized, and of the details, description, and herein provided, are generally marketable at interest rates lower than t rate or rates which the Government is required to charge the Local cy under the terms of the Loan and Grant Contract, and the Government of cooperating with the Local Public Agency in its endeavor to sell ,tions in order to reduce carrying charges and other costs of the in order to encourage participation of private capital in the financing ect. of - 1 -