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the proposed financing for the issuance of the Economic Development <br />Revenue Bonds would be of benefit to the health and welfare of the <br />City of South Bend, and that it complies with the purposes and pro- <br />visions of the Act. <br />Section 7. The Bonds are issued to provide interim financing for <br />the economic development facilities, and it is the intent of the City <br />and of 227 Main Street Associates that, prior to maturity, the Bonds <br />will be redeemed by the issuance of refunding bonds pursuant to <br />Section 30 of the Act. <br />Section 8. Pursuant to the provisions of Indiana Code 36- 1 -5 -4, <br />two copies of all documents incorporated in this Ordinance by reference <br />are on file in the office of the City Clerk for public inspection. <br />Section 9. This Ordinance shall be in full force and effect from <br />and after its passage by the Common Council and approval by the Mayor. <br />Member of the on Council <br />isr i � —ADINI 3 <br />PUBLIC HEARING <br />2nd READING <br />NOT APPROVED <br />REFERRED <br />PASSED <br />