Authorizing $10,000,000 Revenue Obligations Rahn Proeprties II

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Economic Development Commission Jerry Hammes, President Frank Horvath, Vice- President Walter A. Mucha, Secretary Kenneth P. Fedder, Counsel CITY of SOUTH BEND PETER J. NEMETH, Mayor SOUTH BEND, INDIANA 46601 Common Council of the City of South Bend County -City Building South Bend, Indiana July 3, 1979 JUL 3 119 Irene Gammon CITY CLERK, SoLiT +j Re: City of South Bend, Indiana $10,000.00 Economic Development Revenue Bonds, Series A (Rahn Properties II Project) Gentlemen: 230 West Jefferson Boulevard (219) 234 -0051 Pursuant to the provisions of Indiana Code 18- 6- 4.5 -17, there are enclosed: 1. Resolution adopted on June 18, 1979 by the South Bend Economic Development Commission which includes a re- port on the proposed financing of economic development facilities, which report has been submitted to the plan commission and school corporation having jurisdiction where the facilities are to be located. 2. Resolution adopted on June 29, 1979 by the South Bend Economic Development Commission after a public hearing on the proposed financing of such economic development facilities approving the proposed financing and approving the form and terms of Economic Development Revenue Bonds, Loan Agreement, Indenture of Trust, Bond Purchase Agreement and Bond Ordinance. 3. Copies of each of the financing documents re- ferred to in the preceding paragraph. The South Bend Economic Development Commission requests that you consider these enclosures and the proposed financing con- templated thereby and take such additional action as is necessary to complete such financing. SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION By ) Secret ry