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

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"Project" means the real property, building and any related facilities, to be located in South Bend., Indiana, constituting a commercial office building to be acquired, constructed and equipped by the Company as contemplated by the Loan Agreement. "Trustee" means First Bank and Trust Company of South Bend, South Bend, Indiana, as Trustee under the Indenture. Section 2. Initial Resolution. The initial resolution adopted by the Issuer on October 23, 1978, and the Memorandum of Agreement executed by the Issuer and the Company pursuant thereto, are hereby found to be in the best interest of the Issuer and are in all respects approved, ratified, confirmed, readopted and declared to be and remain in full force and effect. Section 3. Findings and Determinations. It is hereby found that the financing of the Project, previously approved by the Commission and recommended to this Common Council, the issuance and sale of the Bonds, the use of the net proceeds thereof to make a loan to the Company for the acquisition and construction of the Project, the payment of the Bonds by the payments of the Company under the Loan Agreement, and the securing of the Bonds by the mortgaging of the Project to the Trustee under the Mort- gage will be of benefit to the health and welfare of the City of South Bend, and its citizens in furtherance of the purposes of the Act. It is further found that the Project will not have an adverse competitive effect on similar facilities already constructed and operating in the City of South Bend, Indiana. Section 4. Cost of Project. Based upon representations made by the Company to the Issuer, the Issuer hereby determines that the aggregate cost of the Project will be not less than $3,200,000. Section 5. Authorization of the Bonds. For the purpose of financing the cost of the acquisition, construction and equip- ping of the Project, including necessary expenses incidental thereto, there is hereby authorized to be issued the revenue bonds of the Issuer in compliance with and under authority of the provi- - 4 -