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limit <br />writi <br />equip <br />appro <br />India <br />arid <br />ACTION OF THE GENERAL PARTNER <br />OF <br />CAN - AMERICAN SOUTH BEND LIMITED PARTNERSHIP <br />'an- American South Bend Limited Partnership, a Minnesota <br />!d partnership (the "Partnership"), does hereby by this <br />ig take and adopt the following resolutions: <br />THEREAS, the Partnership proposes to acquire, construct and <br />a 202-unit multifamily rental housing project located on <br />imately seven acres of land in the City of South Bend, <br />a and known as The Pointe at St. Joseph (the "Project "); <br />IIEREAS, to provide permanent financing for the Project, the <br />Partn .rship proposes to borrow the proceeds of multifamily hous- <br />ing r venue refunding bonds (The Pointe at St. Joseph Project) to <br />be i.s ued in the aggregate principal amount of $11,000,000 by the <br />City f South Bend, Indiana (the "Issuer "), and the proceeds of <br />the multifamily housing revenue bonds (The Pointe at St. Joseph <br />Project) in the..aggregate principal amount of approximately <br />$620,000 to be issued by the Issuer (the "Permanent Financing "); <br />and <br />HEREAS, the Partnership will obtain construction financing <br />for tte Project from Mellon Bank, N.A. in an aggregate principal <br />amoun not to exceed $10,675,000 (the "Construction Financing "), <br />OW, THEREFORE, BE IT RESOLVED, that there is hereby author- <br />ized and approved the execution and delivery of all instruments <br />and documents as may be required in connection with the above- <br />described financing, including without limitation mortgages on <br />the Project to secure the Construction Financing and the <br />Permanent Financing, all in such form as may be acceptable to the <br />officers of this Corporation authorized below. <br />RESOLVED, FURTHER, that the authorized officer of the gen- <br />eral partner of the Partnership (the "General Partner ") is <br />authorized and empowered to take any and all actions necessary to <br />complete the above - described transaction and to take and perform <br />such other action as it may in its absolute discretion deem nec- <br />essary or appropriate to perform the obligations of this <br />Partnership under any document or instrument executed and deliv- <br />ered in connection with the Construction Financing and the <br />Permanent Financing of the Project, including without limitation <br />mortgages on the Project given to secure said financing. <br />ESOLVED, FURTHER, that all actions heretofore taken by the <br />genes. 1 partner of this Partnership in connection with the <br />