Authorizing $3,200,000 Economic Development Revenue Bonds - Crowe, Chizek & Company Project

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action to be taken through adoption of this ordinance by the Issuer; and WHEREAS, the issuance by the Issuer of the Bonds, as herein- after authorized, will in all respects conform to the provisions and requirements of the Act; and WHEREAS, it has now been determined that the estimated amount necessary to finance the cost of acquiring, constructing and equipping the Project (as hereinafter defined), including necessary expenses incidental thereto, requires that the Bonds of the Issuer be authorized as hereinafter provided; and WHEREAS, the Issuer has made the necessary arrangements for the issuance and sale of the Bonds; and WHEREAS, the officers of the Issuer have caused to be prepared and presented to this meeting proposed forms of the following instruments (hereinafter collectively called the "Instru- ments"): (a) a form of Loan Agreement, including the form of Mortgage attached thereto; (b) a form of Indenture; and (c) a form of Bond Purchase Agreement ; and WHEREAS, it appears that each of the Instruments which are now before this meeting, is in appropriate form and is an appro- priate instrument to be executed and delivered or accepted, as the case may be, by the Mayor and City Clerk of the Issuer for the purposes intended; and WHEREAS, pursuant to and in accordance with provisions of the Act, the Issuer is now prepared to sell its Bonds and the Issuer is willing to lend the proceeds from the sale of the Bonds to the Company, such loan of proceeds to be repaid by the Company in periodic installments sufficient to pay the principal of, premium, if any, and interest on the Bonds, together with related expenses, all as set forth in the Loan Agreement; and WHEREAS, it is necessary to authorize the sale of said Bonds to the Bond Purchasers (as hereinafter defined) and to authorize certain other matters in connection therewith; - 2 -