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TRANSMITTAL OF AN ADOPTED RESOLUTION OF THE SOUTH BEND <br />ECONOMIC DEVELOPMENT COMMISSION OF THE CITY OF <br />SOUTH BEND COMMON COUNCIL PERTAINING TO THE <br />FINANCING OF FACILITIES FOR CIRA'S TIMBERLINE, INC. <br />BY THE ISSUANCE OF THE CITY OF SOUTH BEND, INDIANA OF <br />ITS ECONOMIC DEVELOPMENT REVENUE BONDS <br />To: South Bend Common Council <br />c/o Irene K. Gammon, City Clerk <br />City of South Bend <br />County -City Building <br />South Bend, Indiana 46601 <br />The South Bend Economic Development Commission (the "Commis- <br />sion") hereby transmits to you in accordance with the provisions of <br />Chapter 4.5 of Article 6 of Title 18 of the Indiana Code, as amended <br />(the "Act "), a resolution adopted by the Commission on December 5, <br />1980, as called for by the Act. <br />You will note from perusal of the body of the resolution and <br />documents that the purpose thereof is to provide for the financing <br />by the City of certain economic development facilities to be located <br />in the County of St. Joseph, State of Indiana for Cira's Timberline, <br />Inc., an Indiana corporation, by the execution of a Loan Agreement <br />and an Indenture of Trust, and the issuance of Economic Development <br />Revenue Bonds of the City of South Bend, Indiana, in a total amount <br />not to exceed $300,000.00, repayable over a term not to exceed 7 <br />years. <br />As to the recommended ordinance, you are respectfully asked <br />to present such ordinance upon its submission to the Common Council <br />of the City of South Bend, Indiana for passage. <br />Submitted December 5, 1980. <br />SOUTH BEND ECONOMIC <br />DEVELOPMENT COMMISSION <br />By: -L hta)a L j x <br />allterAA. Mucha, Secretary <br />