Authorizing $9,000,000 Economic Development Revenue Bonds making a Loan to First Bank Center

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VOOR, ALLEN, FEDDER, HERENDEEN 8 KOWALS March 4, 1981 Members of the South Bend Common Council County -City Building South Bend, Indiana 46601 Re: Revenue Bond Application FBT Bancorp, Inc. Dear Councilmen: The South Bend Economic Development Commission has received an application from the FBT Bancorp, Inc. for a Revenue Bond in the amount of Nine Million ($9,000,000.00) Dollars, said FBT Bancorp, Inc. being the parent corporation of First Bank and Trust Company of South Bend, to finance the expansion of its operations by the construction of a new Economic Develop- ment facility to be located on a part of the 2.75 acre block in the South Bend, Indiana Urban Renewal Area $ -66 which is bounded by St. Joseph Street on the East, Colfax Street on the North, Washington Street on the South and Michigan Street on the West, which such land is involved in the UDAG Grant to the City of South Bend, Indiana, pursuant to Application No. B- AA -78 -18 -0003. It is anticipated that the new facility will create additional employment of approximately 50 jobs with an additional annual payroll of One Million ($1,000,000.00) Dollars. P. Fedder for the South Bend Development Commission KPF /k FILED ID CLERK'S OFFICE MAR 4 1941 Irene Gammon CITY CLERK, SOUTH BEND, IND. ATTORNEYS 8 COUNSELORS AT LAW AREA CODE 219 WILLIAM E. VOOR 300 FIRST BANK BUILDING 234 -6061 LLOYD M.ALLEN KENNETH P. FEDDER SOUTH BEND, INDIANA 46601 OF COUNSEL: GEORGE E. HERENDEEN WILLIAM O. JACKSON A ONY D. KOWALS GUY H. McMICHAEL March 4, 1981 Members of the South Bend Common Council County -City Building South Bend, Indiana 46601 Re: Revenue Bond Application FBT Bancorp, Inc. Dear Councilmen: The South Bend Economic Development Commission has received an application from the FBT Bancorp, Inc. for a Revenue Bond in the amount of Nine Million ($9,000,000.00) Dollars, said FBT Bancorp, Inc. being the parent corporation of First Bank and Trust Company of South Bend, to finance the expansion of its operations by the construction of a new Economic Develop- ment facility to be located on a part of the 2.75 acre block in the South Bend, Indiana Urban Renewal Area $ -66 which is bounded by St. Joseph Street on the East, Colfax Street on the North, Washington Street on the South and Michigan Street on the West, which such land is involved in the UDAG Grant to the City of South Bend, Indiana, pursuant to Application No. B- AA -78 -18 -0003. It is anticipated that the new facility will create additional employment of approximately 50 jobs with an additional annual payroll of One Million ($1,000,000.00) Dollars. P. Fedder for the South Bend Development Commission KPF /k FILED ID CLERK'S OFFICE MAR 4 1941 Irene Gammon CITY CLERK, SOUTH BEND, IND.