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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 />March 17, 1982 <br />VOOR, ALLEN, FEDDER, HERENDEEN 8 KOWALS <br />ATTORNEYS 8 COUN5ELORS AT LAW <br />300 FIRST BANK BUILDING <br />SOUTH BEND, INDIANA 46601 <br />Members of the South Bend <br />Common Council <br />County -City Building <br />South Bend, IN 46601 <br />AREA CODE 219 <br />234 -6061 <br />OF COUNSEL: <br />WILLIAM O. JACKSON <br />GUY H. MCMICHAEL <br />Re: Permanent Financing of $9,000,000,00 Economic Development <br />Bonds 1st Bank Center Limited Project <br />Dear Councilmen: <br />The South Bend Common Council adopted Ordinance 6898 -81, authorizing <br />the City of South Bend to issue $9,000,000.00 of Economic Development <br />Bonds for the 1st Bank Center Limited Project. <br />The parties are now desiring to convert the financing of the 15 -year <br />obligation to a 30 -year obligation with the long -term bondholders <br />having an option to "put" the bonds to the borrower at the end of <br />15 years . <br />is to authorize the permanent financing thereof. <br />FEDDER <br />KPF:ram <br />FRIED x CLERK, S OFFICE <br />MAR <br />J <br />Irene Gam ® <br />CITY CLERK, SOUTH BE�Il <br />