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WILLIAM E.VOOR <br />LLOYD M. ALLEN <br />KENNETH P. FEDDER <br />GEORGE E. HERENDEEN <br />ANTHONY D.KOWALS <br />DAVID M. M.TIGUE <br />April 20, 1982 <br />VOOR, ALLEN, FEDDER, HERENDEEN 8 KOWALS <br />ATTORNEYS 8 COUNSELORS AT LAW <br />AREA CODE 219 <br />300 FIRST BANK BUILDING <br />2346061 <br />SOUTH BEND, INDIANA 46601 <br />OF COUNSEL: <br />WILLIAM O. JACKSON <br />GUY H. MCMICHAEL <br />Members of the South Bend <br />Common Council <br />County -City Building <br />South Bend, IN 46601 <br />Re: Health Quest Realty V - (Fountainview Place of South Bend) - <br />Amended Ordinance <br />Dear Councilmen: <br />On August 24, 1981, the Common Council adopted Ordinance 6954 -81, <br />which authorized the sale of revenue bonds in the aggregate <br />principal amount not to exceed Four Million ($4,000,000.00) Dollars, <br />with an interest rate not to exceed twelve (12 %) percent. <br />Because of increases in the market interest rates, this Amended <br />Ordinance is being filed for passage wherein, to underwrite the <br />proposed health care facility, the principal amount will be <br />increased to Four Million, Five Hundred ($4,500,000.00) Dollars, <br />and the interest rate will likewise be increased to fourteen and <br />one -hilf (14 1/2 %) percent. <br />FEDDER <br />KPF:ram <br />FILED IN CLEWS OFFICE <br />APR 2, <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IUD. <br />