Authorizing the Issuance of $1,550.000 Economic Development Revenue Bonds - Columbia Place Associates Project

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TRANSMITTAL OF AN ADOPTED RESOLUTION OF THE SOUTH BEND ECONOMIC DEVELOP - MENT COMMISSION TO THE CITY OF SOUTH BEND COMMON COUNCIL PERTAINING TO THE FINANCING OF FACILITIES FOR COLUMBIA PLACE ASSOCIATES BY THE ISSU- ANCE OF THE CITY OF SOUTH BEND, INDIANA OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS To: The South Bend Common Council c/o Irene K. Gammon, City Clerk City of South Bend County -City Building South Bend, Indiana 46601 The South Bend Economic Development Commission (the "Commission ") hereby transmits to you in accordance with the provisions of Chapter 4.5.0f Article 6 of Title 18 of the Indiana Code, as amended (the "Act "), a resolution adopted by the Commission on April 3, 1981, as called for by the Act. You will note from perusal of the body of the resolution and doc- uments that the purpose thereof is to provide for the financing by the City of certain economic development facilities to be located in the City of South Bend, Indiana, for Columbia Place Associates, an Indiana limited partnership, by the execution of a Mortgage, Loan and Security Agreement and a Trust Indenture, and the issuance of Economic Develop- ment Revenue Bonds of the City of South Bend; Indiana, in a total amount not to exceed $1,550,000, repayable over a term not to exceed four (4) years. As to the recommended ordinance, you are respectfully asked to present such ordinance upon its submission to the Common Council of the City of South Bend, Indiana, for passage. Submitted April 22, 1981. SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION Walter A. Mucha, Secretary