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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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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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10/3/2025 11:13:55 AM
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"Maturity Date"means December 31, 20 . <br /> "Note" means the Borrower's promissory note in the form attached as Exhibit A hereto, <br /> which shall be unsecured. <br /> "Notice Address"means: <br /> As to the City: City of South Bend Department of Community <br /> Investment <br /> 1400 S County-City Building <br /> 227 West Jefferson Boulevard <br /> South Bend, IN 46601 <br /> Attention: Executive Director <br /> With a copy to: South Bend Legal Department <br /> 1200S County-City Building <br /> 227 West Jefferson Boulevard <br /> South Bend, IN 46601 <br /> Attn: Corporation Counsel <br /> As to the Borrower: New Day Intake Center, Inc. <br /> Attn: Sheila McCarthy <br /> PO Box 11162 <br /> South Bend, IN 46634 <br /> With a copy to: Sopko,Nussbaum, Inabnit&Kaczmarek <br /> 210 S. Michigan St. <br /> Suite 500 <br /> South Bend, IN 46601 <br /> Attn: Richard A. Nussbaum II <br /> or such additional or different address,notice of which is given under Section 7.2 hereof. <br /> "Ordinance" means Ordinance No. of the Common Council of the City adopted on <br /> _, 2025, authorizing the Loan and the execution and delivery of this Agreement. <br /> "Person" or words importing persons mean firms, associations, partnerships (including <br /> without limitation, general and limited partnerships), limited liability companies,joint ventures, <br /> societies, estates, trusts, corporations, public or governmental bodies, other legal entities and <br /> natural persons. <br /> "Project" means the construction, renovation or rehabilitation of certain real property in <br /> the City to develop a no less than one hundred and ten(110)bed lower-barrier emergency shelter, <br /> with an approximate total development cost of Fourteen Million Dollars($14,000,000). <br /> "Redevelopment Commission"means the South Bend Redevelopment Commission. <br /> 3 <br />
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