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Revenue Bonds in accordance therewith, and <br />WHEREAS, the South Bend Economic Development Commission has <br />transmitted this form of Ordinance to the City Clerk of the City of <br />South Bend for presentation to the Common Council of the City of <br />South Bend, Indiana, and <br />WHEREAS, the Common Council of the City of South Bend, Indiana <br />finds that the proposed development will be of public benefit to the <br />economic welfare of the City of South Bend, Indiana, by tending to <br />overcome the deficiencies previously found to exist and that such <br />benefit is greater than the costs of the public facilities which <br />would be required by the proposed project, <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA THAT: <br />Section 1. The forms and terms of the Loan Agreement, Indenture <br />of Trust, Lease, Mortgage, Note and Economic Development Revenue <br />Bonds pertaining to the Robert H. Freshley Project facilities and <br />the issuance of Economic Development Bonds pursuant thereto are <br />hereby approved and adopted. <br />Section 2. The form of Loan Agreement, Indenture of Trust, <br />Mortgage, Note and Economic Development Revenue Bonds are hereby <br />incorporated by reference into this Ordinance and the forms shall <br />be inserted into the records of the Common Council of the City of <br />South Bend, Indiana and shall be kept on file by the City Clerk of <br />the City of South Bend, Indiana. <br />Section 3. The Loan Agreement, Indenture of Trust and Economic <br />Development Revenue Bonds shall be executed on behalf of the City <br />of South Bend, Indiana by the Mayor and the City Clerk manually <br />affixing their signatures thereto. <br />Section 4. The Economic Development Revenue Bonds, payable <br />solely and only from the revenue derived from the facilities, may <br />be issued in an aggregate amount not to exceed Two Hundred and <br />Twenty -Five Thousand ($225,000.00) Dollars, fully registered, and <br />is one of an authorized series of Bonds of the Issuer, dated as of <br />February 16, 1982, payable in a denomination of Two Hundred and <br />Twenty -Five Thousand ($225,000.00) Dollars in currency or its <br />- 2 - <br />