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the form and terms of the aforementioned Loan Agreement and <br />Security Agreement the Promissory Note from the Company to the <br />City; the fully registered City of South Bend, Indiana, Economic <br />Revenue Bonds, Series 1984 (Automatic Project), from the City to <br />the bondholders (the "Bonds "), in the amount of Seven Hundred <br />Fifty Thousand Dollars ($750,000.00); the Trust Indenture between <br />the City and Valley American Bank and Trust Company (the <br />"Trustee "); and the Ordinance of the Common. Council of the City <br />presented to this meeting. <br />5. This Resolution, together with copies of the <br />aforementioned documents, shall be transmitted by this Commission <br />to the Common Council of the City with the recommendation that <br />i <br />the Common Council find that the proposed economic development <br />revenue bond financing of such facilities will be of benefit to <br />the health and welfare of the City and its citizens and complies <br />with the purposes and provisions of the Act, and that the Common <br />Council adopt an ordinance approving such financing. <br />6. The Common Council of the City is authorized to <br />make such changes in the aforementioned documents as it deems <br />necessary or proper, as evidenced by such Ordinance. <br />ADOPTED this 16th day of November, 1984. <br />SOUTH BEND ECONOMIC DEVELOPMENT <br />COMMISSION <br />B By <br />1 <br />J y h comes, President Walter M. Sz .ym-''iak, Vice <br />-, President <br />'-Walter A. Mucha, Secretary <br />2. <br />