Economic Development Revenue Bonds Romana R Primus M.D. Project

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TRANSMITTAL OF AN ADOPTED RESOLUTION OF THE SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION TO THE CITY OF SOUTH BEND COMMON COUNCIL PERTAINING TO THE FINANCING OF FACILITIES FOR ROMANA R. PRIMUS, M.D. BY THE ISSUANCE OF THE CITY OF SOUTH BEND, INDIANA OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS To: 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 of Article 6 of Title 18 of the Indiana Code, as amended (the "Act "), a resolution adopted by the Commis- sion on September 26, 1980, as called for by the Act. You will note from perusal of the body of the resolution and documents 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 Romana R. Primus, M.D., by the execution of a Loan Agreement and an Inden- ture of Trust, and the issuance of Economic Development Revenue Bonds of the City of South Bend, Indiana, in a total amount not to exceed $331,000.00, repayable over a term not to exceed 15 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 September,26, 1980. SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION By: la &A,.I�J a ter A. Mucha, ecretary FILER IN CLERK'S OFFICE OCT 6 1980 Irene Gammon CITY CLERK, SOUTH BEND, IND.