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13 <br /> <br />amendment thereof) with the Indiana Finance Authority with terms conforming to this resolution, <br />(iii) execute an Agreement with a bank to be selected by the Mayor, in a form to be approved by <br />the Mayor as evidenced by his execution thereof, and (iv) sell one or more series of the Bonds <br />upon such terms as are acceptable to the Mayor and the Controller consistent with the terms of this <br />resolution. The Financial Assistance Agreement (including any amendment thereof) for one or <br />more series of the Bonds and the Project shall be executed by the authorized officers of the City <br />and the Indiana Finance Authority. The substantially final form of the Financial Assistance <br />Agreement is attached hereto as Exhibit A, and incorporated herein by reference and is hereby <br />approved by the Commission, and the Mayor and the Controller are hereby authorized to execute <br />and deliver the same and to approve any changes in form or substance to the Financial Assistance <br />Agreement, which are consistent with the terms of this resolution, and such approval shall be <br />conclusively evidenced by its execution. The Mayor and the Controller are hereby authorized to <br />execute and deliver an amended and restated Financial Assistance Agreement or a subsequent <br />Financial Assistance Agreement if an earlier series of Bonds has been purchased by the Indiana <br />Finance Authority and may approve any changes in form or substance, which are consistent with <br />the terms of this resolution, to any attached Financial Assistance Agreement as they determined to <br />be necessary or desirable in connection therewith, and such approval shall be conclusively <br />evidenced by its execution. <br />Section 7. Funds and Accounts. <br />(a) Use of Bond Proceeds; Capital Fund. Any accrued interest and any premium <br />received at the time of delivery of the Bonds will be deposited on a pro rata basis into each <br />respective Principal and Interest Account (defined below) and applied to payments on the Bonds <br />on the first interest payment date. If so determined by the President, an amount equal to the Debt <br />Service Reserve Requirement (defined below) may be deposited into the respective 2025 Reserve <br />Account (defined below) of each respective Allocation Fund. The remaining proceeds received <br />from the sale of the Bonds shall be deposited into the fund hereby created and designated as the <br />“South Bend Redevelopment District 2025 Bonds Capital Fund” (the “Capital Fund”). The <br />proceeds deposited into the Capital Fund, together with all investment earnings thereon, shall be <br />expended by the Commission only for the purpose of paying expenses incurred in connection with <br />the Project and on account of the sale and issuance of the Bonds. Any balance remaining in the <br />Capital Fund after the completion of the Project which is not required to meet unpaid obligations <br />incurred in connection therewith and on account of the sale and issuance of the Bonds may be (i) <br />used to pay debt service on the Bonds, or (ii) otherwise used as permitted by law. <br />(b) Allocation Funds. Each of the Allocation Funds created by the Act for each of the <br />Allocations Areas is hereby continued; and there is hereby created and continued in each respective <br />Allocation Fund, <br />(i) a Tax Increment Revenue Account, into which all Tax Increment for the <br />respective Allocation Area received and such other revenues available to the Commission <br />(including any Tax Increment on deposit in the respective Allocation Fund as of the date <br />of delivery of the Bonds) shall be deposited and held in reserve for payment of debt service <br />on the Bonds, the 2020 Obligation and any parity bonds issued pursuant to Section 9 of <br />this Resolution and Indiana Code 36-7-14-39, senior to the payment of the Junior <br />Obligations (the Bonds, the 2020 Obligation and any such other parity bonds are