Authorizing Economic Development Refunding Revenue Bonds Michiana Telecasting Corp

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TRANSMITTAL OF ADOPTED COMMISSION RESOLUTION AND PROPOSED ORDINANCE FOR ADOPTION BY THE SOUTH BEND COMMON COUNCIL AND APPROVAL BY THE MAYOR PERTAINING TO THE FINANCING OF FACILITIES FOR MICHIANA TELECASTING CORP., AN INDIANA CORPORATION, BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS TO: Irene K. Gammon City Clerk City of South Bend County -City Building South Bend, Indiana 46601 The South Bend Economic Development Commission (Commission) hereby transmits to you in accordance with the Public Law No. 182 of the Acts of the General Assembly of Indiana for 1973, as such may be amended from time to time, including but not limited to I.C. 18- 6 -4.5 -1 through I.C. 18- 6- 4.5 -30, hereinafter referred to as the "Act ": 1. A resolution adopted by the Commission on November 5, 1982, as called for by the Act; 2. Proposed ordinance for adoption by the Common Council of the City of South Bend, Indiana, as called for by the Act. You will note from a perusal of the body of these documents that the purpose thereof is to finance the refunding of a previously issued revenue bond which was issued to finance the construction of a new facility for Michiana Telecasting Corp. in St. Joseph County, pursuant to the terms of a Note Purchase and Loan Agreement and Trust Indenture, and the issuance by the City of South Bend, Indiana, of Industrial Development Bonds in a total amount of Three Million ($3,000,000.00) Dollars, repayable with interest in accordance with the terms of the documents. Submitted this day of November, 1982. WALTER A. MUCHA, Secretary SOUTH BEND EOONOMIC DEVELOPMENT COMMISSION FRED IN CLERIC'S OFFICE NOV 31982 nCOK mammon