Laserfiche WebLink
of the City,to execute or endorse and deliver the Financing Agreements,submitted to the Common <br /> Council,which are hereby approved in all respects. <br /> SECTION V. Changes in Financing Agreements. The Mayor, the Clerk and the <br /> Controller of the City are hereby authorized, in the name and on behalf of the City,without further <br /> approval of the Common Council or the Commission, to approve such changes in the Financing <br /> Agreements as may be permitted by the Act, such approval to be conclusively evidenced by their <br /> execution thereof. <br /> SECTION VI. General. The Mayor, the Clerk and the Controller of the City, and <br /> each of them,are hereby authorized and directed, in the name and on behalf of the City, to execute <br /> or endorse any and all agreements, documents and instruments,perform any and all acts, approve <br /> any and all matters, and do any and all other things deemed by them, or either of them, to be <br /> necessary or desirable in order to carry out and comply with the intent,conditions and purposes of <br /> this Ordinance(including the preambles hereto and the documents mentioned herein), the Project, <br /> the making of the Loan, and the securing of the Loan under the Financing Agreements, and any <br /> such execution, endorsement, performance or doing of other things heretofore effected be, and <br /> hereby is, ratified and approved. <br /> SECTION VII. Binding Effect. The provisions of this Ordinance and the Financing <br /> Agreements shall constitute a binding contract between the City and the Developer, and after <br /> making the Loan, this Ordinance shall not be repealed or amended in any respect which would <br /> adversely affect the rights of the Developer. <br /> SECTION VIII. Repeal. All ordinances or parts of ordinances in conflict herewith <br /> are hereby repealed. <br /> SECTION IX. Effective Date. This Ordinance shall be in full force and effect <br /> immediately upon adoption and compliance with I.C. 36-4-6-14. <br /> SECTION X. Copies of Financing Agreements on File. Two copies of the <br /> Financing Agreements incorporated into this Ordinance were duly filed in the office of the Clerk <br /> of the City,and are available for public inspection in accordance with I.C. 36-1-5-4. <br /> [Signature Page Follows] <br /> 4 <br />