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11109-24-TIF-EDC Forgivable Loan (Real America) Ordinance
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11109-24-TIF-EDC Forgivable Loan (Real America) Ordinance
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3/1/2024 10:57:09 AM
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and released as a condition of and consideration for the execution and delivery of the Loan <br /> Agreement and the issuance and funding of the Series 2024 Note. <br /> Section 8. If any section, paragraph or provision of this ordinance shall be held to be <br /> invalid or unenforceable for any reason, the invalidity or unenforceability of such section, <br /> paragraph or provision shall not affect any of the remaining provisions of this ordinance. <br /> Section 9. All ordinances, resolutions and orders, or parts thereof, in conflict with the <br /> provisions of this ordinance are, to the extent of such conflict, hereby repealed. <br /> Section 10. It is hereby determined that all formal actions of the Common Council <br /> relating to the adoption of this ordinance were taken in one or more open meetings of the Common <br /> Council,that all deliberations of the Common Council and of its committees,if any,which resulted <br /> in formal action, were in meetings open to the public, and that all such meetings were convened, <br /> held and conducted in compliance with applicable legal requirements, including IC 5-14-1.5, as <br /> amended. <br /> Section 11. The Mayor, Controller, and Clerk, and any other officer of the City are <br /> hereby authorized and directed, in the name and on behalf of the City,to execute and deliver such <br /> further documents and to take such further actions as such person(s)deem(s)necessary or desirable <br /> to effect the purposes of this ordinance, and any such documents heretofore executed and delivered <br /> and any such actions heretofore taken, be, and hereby are, ratified and approved. <br /> Section 12. This ordinance shall be in full force and effect from and after its passage by <br /> the Common Council and approval by the Mayor. <br /> Passed and adopted by the South Bend Common Council this 12th day of February, 2024. <br /> Sharon McBride, Council President <br /> South Bend Common Council <br /> Attest: <br /> Bianca Tirado, C. y lerk <br /> Office of the Cit erk <br /> Presented by me, the undersi d Clerk of the City of South Bens to the Mayor of the <br /> City of South Bend, Indiana on the day of February, 2024, at o'clock 72. p.m. <br /> % 4/ <br /> Bianca irado, City 410 <br /> Office of the City C - <br /> - 5 - <br /> 4871-7797-5184.1 <br />
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