11231-25 Authorizing a Direct Loan to the Developer of an Economic Development Facility (Low-Barrier Intake Emergency Shelter Project) and Approving other Matters in Connection Therewith

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ARTICLE I. DEFINITIONS AND EXHIBITS Section 1.1. Terms Defined. As used in this Agreement, the following terms shall have the following meanings unless the context clearly otherwise requires: "Act" means, collectively, Indiana Code 36-7-11.9, Indiana Code 36-7-12, Indiana Code 36-7-14, and Indiana Code 36-7-25, each as amended. "Allocation Areas" means, collectively, the (i) River West Development Area Allocation Area within the River West Development Area, (ii) River East Development Area Allocation Area within the River East Development Area, (iii) South Side Development Area Allocation Area within the South Side Development Area, each established by the Redevelopment Commission in accordance with Indiana Code 36-7-14-39 for the purposes of capturing incremental ad valorem real property taxes levied and collected on all taxable property in such allocation area. "Allocation Funds" means, collectively, the (i) the River West Development Area Allocation Area Allocation Fund, (i) the River East Development Area Allocation Area Allocation Fund, and (iii) the South Side Development Area Allocation Area Allocation Fund, each established under Indiana Code 36-7-14 for the Tax Increment Revenues collected in the Allocation Area. "Authorizing Resolution"shall have the meaning set forth in the recitals hereof. "Borrower" means New Day Intake Center, Inc., an Indiana nonprofit corporation duly organized and validly existing under the laws of the State of Indiana and qualified to do business in the State of Indiana, or any successors thereto. "City" means the City of South Bend, Indiana, a municipal corporation duly organized and validly existing under the laws of the State. "Costs of Construction" means the costs of providing for an "economic development facility" as defined and set forth in the Act, including any legal, accounting, management, program or consulting fees and expenses of the Borrower, the City or the District, and any other costs permitted under the Act related thereto. "Development Agreement" means the Development Agreement, dated August 14, 2025, by and between the Borrower and the Redevelopment Commission. "District" means the Redevelopment District of the City. "Loan" means the draw loan from the City to the Borrower in the original aggregate principal amount of not to exceed $4,000,000, which will be made under the terms of the Loan Agreement, the proceeds of which will be used by the Borrower to pay a portion of the Costs of Construction for the Project. "Loan Agreement"means the Financing and Loan Agreement, dated as of 1, 2025, between the City and the Borrower. 2