Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues

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Public Works and Safety to proceed with said facilities as provided by law; and WHEREAS, the Common Council further finds that the Board of Public Works and Safety has obtained options for the purchase of the major portions of the following described lands for use as off- street parking facilities in the City of South Bend, St. Joseph County, Indiana, to -wit: Site I located at the Southeast Corner of Colfax and Main Streets in the City of South Bend, Indi- ana, more particularly Lots 22, 23 and 24 as shown on the recorded original plat of the Town, now City, of South Bend; Site III located at the Northwest Corner of St. Joseph Street and Jefferson Boulevard in the City of South Bend, Indiana, more particularly Lots 38, 39 and 40 as shown on the recorded original plat of the Town, now City, of South Bend; and also caused plans, specifications and estimates of the cost of the purchase and construction of said facilities to be prepared, and adopted a resolution declaring the public utility and benefit of the facilities to the City and its citizens; that the Board of Public Works and Safety caused to be published, as provided by law, notice of the adoption of said resolution and of a public hearing open to all per- sons interested in or affected by such proceedings to be held on October 29, 1968; that on said date said Board held a pub- lic hearing and the same was continued to November 4, 1968, at which time said Board took final action determining the public utility and benefit of the proposed facilities to the City and its citizens and confirmed its declaratory resolu- tion; and WHEREAS, the Common Council further finds that the Board of Public Works and Safety has fixed and determined the cost of acquisition of said described property by obtaining options - 2