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SECTION III. Authorization and Approval of Form of PILOT Agreement. The <br /> Common Council hereby authorizes and approves the form of the PILOT Agreement and <br /> authorizes its execution and delivery by the Mayor on behalf of the City substantially in the form <br /> attached hereto and incorporated herein by reference as Exhibit B, all for the purposes <br /> contemplated herein. <br /> SECTION IV. Recording of Executed Ordinance. The City Clerk is directed to <br /> provide an executed copy of this Ordinance, as approved, and a copy of the executed PILOT <br /> Agreement to the Owner for the Owner to record with the St. Joseph County Recorder's Office <br /> and for the Owner to file the recorded Ordinance and PILOT Agreement with the City Clerk's <br /> Office, the St. Joseph County Assessor's Office, the St. Joseph County Auditor's Office, and the <br /> St. Joseph County Treasurer's Office. <br /> SECTION V. Further Authorizations. The Common Council hereby requests, <br /> authorizes, and directs the Mayor, Common Council President, Controller and the City Clerk, and <br /> all official officers, members, employees, and agents of the City, and each of them, for and on <br /> behalf of the City, to negotiate,prepare, execute, and deliver any and all other instruments, letters, <br /> certificates, agreements, and documents as are determined to be necessary or appropriate to <br /> consummate the transactions contemplated by this Ordinance, and such determination shall be <br /> conclusively evidenced by the execution thereof. The instruments,letters,certificates,agreements, <br /> and documents necessary or appropriate to consummate the transactions contemplated by this <br /> Ordinance shall, upon execution, as contemplated herein, constitute the valid and binding <br /> obligations or representations and warranties of the City, the full performance and satisfaction of <br /> which by the City is hereby authorized and directed. <br /> SECTION VI. Effectiveness. This Ordinance shall be in full force and effect from <br /> and after its adoption and the procedures required by law. This Ordinance remains in full force and <br /> effect until repealed or modified by the Common Council, subject to the approval of the Owner. <br /> [Signature Page Follows] <br />