25-23 Resolution Authorizing and Approving the Execution of a First Amendment to the Certified Technology Park Agreement Between the City of South Bend, Indiana, and the South Bend Redevelopment Commission

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The tax increment financing fund established under Section 22 of the Act (the "State CTP Fund")for the CTP shall receive (i) 100% of the aggregate amount of state gross retail and use taxes that are remitted under Indiana Code § 6-2.5 by businesses which exceed the gross retail base period amount, in accordance with Indiana Code§36-7-32- 22(b)(1); and (ii) 100% of the income tax incremental amount provided for in Indiana Code§36-7-32-22(b)(2)(A)-(D). Notwithstanding the foregoing or anything in the Act to the contrary, not more than an aggregate total of Five Million and 00/100 Dollars ($5,000,000.00) in CTP Revenues or other funds that may be deposited into the State CTP Fund over the course of its designation unless designated as a level 2 CTP. If such distributions in excess of Five Million and 00/100 dollars ($5,000,000.00) are made to the CTP and deposited in the certified technology park fund established by the redevelopment commission under Section 23 of the Act(the "Local CTP Fund") in a state fiscal year, the City agrees to coordinate with the IEDC,subject to Paragraph 6 of this Amendment, on how distributions will be utilized by the CTP to further high- technology company growth within the CTP. 4. Paragraph 15 is deleted in its entirety and replaced with the following: 15. NOTICE TO PARTIES: Whenever any notice, statement or other communications shall be sent to any of the Parties, it shall be sent to the following addresses, unless otherwise specifically advised in writing. Notices to the IEDC shall be sent to: INDIANA ECONOMIC DEVELOPMENT CORPORATION Attn: General Counsel 1 North Capitol Ave., Suite 700 Indianapolis, IN 46204 With a copy to: CTP a,iedc.in.gov Notices to the City shall be sent to: CITY OF SOUTH BEND ATTN: ADDRESS ADDRESS EMAIL Notices to the Commission shall be sent to: SOUTH BEND REDEVELOPMENT COMMISSION ATTN: ADDRESS ADDRESS EMAIL Page 2 of 5