Issue its Economic Development Revenue Bonds (Crowe, Chizek & Co) $4,200,000.00

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ORDINANCE NO. AN ORDINANCE AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE "CITY "), TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1984 (CROWE, CHIZEK AND COMPANY PROJECT), IN THE AGGREGATE PRINCIPAL AMOUNT OF FOUR MILLION TWO HUNDRED THOUSAND DOLLARS ($4,200,000.00) AND APPROVING T1 TT T\ ]1 TTTTTl1TIT I9 Tl.T /' 11T" ATT\T AIIM /IT.T[T r. MTT TTT1nT1T M MTTTT "M/ WHEREAS, the City is a municipal corporation and poli- tical subdivision of the State of Indiana, and by virtue of Title 36, Article 7, Chapter 12, of the Indiana Code, as amended (the "Act ") , is authorized and empowerd to adopt this Ordinance and to carry out its provisions; and WHEREAS, the South Bend Economic Development Commis- sion (the "Commission ") has rendered its report concerning the proposed financing of economic development facilities for Crowe, Chizek and Company and the Area Plan Commission has com- mented favorably thereon; and WHEREAS, the Commission, after a public hearing has adopted a Resolution, which has been transmitted to this Council, (i) finding that the acquisition by Crowe, Chizek and Company (the "Company ") of the proposed economic development facilities described in said Report will not have an adverse competitive effect on any similar facilities already con- structed or operating in or about the City, (ii) further find- ing that the proposed economic development revenue bond fi- nancing of such facilities will be of benefit to the health and welfare of the City and its citizens, (iii) further finding that the proposed economic development revenue bond financing of such facilities complies with the purposes and provisions of the Act, (iv) approving the economic development revenue bond financing of such facilities, including the form and terms of the First Amendment to Loan Agreement First Amendment to Mort-