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11134-24 Economic Development Loan- Southeast Neighborhood Project (Substitute)
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11134-24 Economic Development Loan- Southeast Neighborhood Project (Substitute)
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10/22/2024 9:44:43 AM
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7/31/2024 4:17:52 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
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"Event of Default" means any of the events described as an Event of Default in Section 6. I <br />hereof. <br />"Loan" means the loan by the City to the Borrower pursuant to the terms of this Agreement. <br />"Mandatory Project Completion Date" means December 31, 2027, or as agreed to by the <br />Developer or the Redevelopment Commission pursuant to Section 3.3 of the Development <br />Agreement. <br />"Maturity Date" means December 31, 2027. <br />"Note" means the Borrower's promissory note in the form attached as Exhibit A hereto, <br />which shall be unsecured. <br />"Notice Address" means: <br />As to the City: City of South Bend Department of Community <br />Investment <br />1400 S County -City Building <br />227 West Jefferson Boulevard <br />South Bend, IN 46601 <br />Attention: Executive Director <br />With a copy to: <br />South Bend Legal Department <br />1200S County -City Building <br />227 West Jefferson Boulevard <br />South Bend, IN 46601 <br />Attn: Corporation Counsel <br />As to the Borrower: 466 Works Community Development Corporation <br />2043 South Bend Avenue, PMB 352 <br />South Bend, IN 46637 <br />Attn: <br />With a copy to: <br />Attn: <br />or such additional or different address, notice of which is given under Section 7.2 hereof. <br />"Ordinance" means Ordinance No. of the Common Council of the City adopted on <br />2024, authorizing the Loan and the execution and delivery of this Agreement. <br />"Person" or words importing persons mean firms, associations, partnerships (including <br />without limitation, general and limited partnerships), limited liability companies, joint ventures, <br />3 <br />
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