Authorizing Issurance and Sale $6,500,000 Multi Family Housing Revenue Bonds Maple Lane Associates Phase VIII

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Under certain circumstances set forth in the Indenture relating to taxability for federal income tax purposes on the Bonds, the interesetr forth in ethenandenturebandn in increased according to a formula s be entitled to additional Bonds, and the holders h Bonds may of interest and other payments. Books for the registration and transfer of the Bonds shall be kept by the Tr ein aPrincipal co or nCurrencys in n he premium, United if any, shall be payable y payment date is legal a States of America which, at the respective ivate debts, at the prin- tender for the payment of public and d p cipal office of the Trustee in South Bend, Indiana. The Bonds shall be in such ro,, and shall be subject optional and mandatory redemption provisions, to such other terms andconditions as set froth in the d the interest thereon do not and shall Indenture. The Bonds or a against th never constitute an indeb°tWed= eof the Issuer, hthe charge the f Ste general credit or taxing p political subdivision thereof, Joseph, the State of Indiana or any from but are limited obligations of the Issuer payable solel Loan revenues and other amounts derived from the Note, the Agreement and the Assignm t °I and Form s of d shall the Loan secured as provided The Indenture. Agreement, the Indenture, the Bond Purchase Agreement, the Mortgage, the Assignment of Rents and Leases and the Regulatory Agreement are before this meeting and are by this reference incorporated in this Bond 1 Ord n minutes d l f the common Clerk hereby directed to insert them o to keep them on file. Section 4. Sale of the Bonds. The Mayor and the City Clerk of the Issuer are hereby authorized Pu Purchaser its to designated Bonds to or upon t g ursuant to the Bond Purchase affiliates and registered assigns, p Agreement at a price of $6,500,000, 1000 of par value. Section 5. Bond Purchase Agreement. In order to the commitment o Bonds s the Mayor and tithe °CityaCle� provide for k the Purchaser to purchase shall execute and deliver Purchase Agreement o subsea tia lyalthef form the Issuer, a Bond Purc 9 roved in all submitted to this Common Council, which is hereby app respects. Section 6. Indenture. In order to secure the payment of the principal of and interest on the Bonds, the Mayor and City on Clerk shall execute, acknowledge nn n ren deliver, of Tru t in in the name substantially d the behalf of the Issuer, form submitted to this Common Council, which is hereby approve in all respects. -5-