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TRANSMITTAL OF ADOPTED COMMISSION RESOLUTION AND PROPOSED <br />ORDINANCE FOR ADOPTION BY THE SOUTH BEND COMMON COUNCIL <br />AND APPROVAL BY THE MAYOR PERTAINING TO THE FINANCING OF <br />FACILITIES FOR FBT BANCORP, INC., BY THE ISSUANCE BY THE <br />CITY OF SOUTH BEND, INDIANA, OF ITS INDUSTRIAL DEVELOPMENT <br />REVENUE BONDS <br />TO: Irene K. Gammon <br />City Clerk <br />City of South Bend <br />County -City Building <br />South Bend, Indiana 46601 <br />The South Bend Economic Development Commission (Commission) <br />hereby transmits to you in accordance with the Public Law No. 182 of <br />the Acts of the General Assembly of Indiana for 1973, as such may be <br />amended from time to time, including but not limited to IC 18- 6 -4.5 -1 <br />through IC 18- 6- 4.5 -30, hereinafter referred to as the "Act ": <br />1. A resolution adopted by the Commission on March 6, 1981, <br />as called for by the Act; <br />2. Proposed ordinance for adoption by the Common Council of <br />the City of South Bend, Indiana, as called for by the Act. <br />You will note from a perusal of the body of these documents <br />that the purpose thereof is to finance the expansion of its opera- <br />tions by the construction of a new Economic Development facility <br />to be located on a part of the 2.75 acre block in the South Bend, <br />Indiana Urban Renewal Area R -66 which is bounded by St. Joseph Street <br />on the East, Colfax Street on the North, Washington Street on the <br />South and Michigan Street on the West, which such land is involved <br />in the UDAG Grant to the City of South Bend, Indiana, pursuant to <br />Application No. B- AA -78 -18 -0003, pursuant to the terms of a Note <br />Purchase and Loan Agreement, Mortgage and Trust Indenture, and the <br />issuance by the City of South Bend, Indiana of Industrial Develop- <br />ment Bonds in a total amount of Nine Million ($9,000,000.00) Dollars <br />repayable with interest in accordance with the terms of the documents. <br />With respect to the ordinance, you are respectfully asked to <br />publish once in a newspaper in South Bend, Indiana, a notice that <br />such proposed ordinance has been filed with you and present such <br />ordinance to the Common Council of South Bend, Indiana, for passage <br />not earlier than ten days from the date of the publication of such <br />notice. <br />Elie RN-AMSEURKs 4th day of March, 1981. <br />MAR <br />B� EN D ECf ONOMIC ISSION <br />r YCe <br />Gammon <br />j,;H <br />ITYLE <br />D <br />� � / <br />BY 4 -/i ti f` L <br />