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

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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 all improvements thereto and structures, equipment and appurtenances now or hereafter placed thereon. Said facili- ties shall be constructed on said lands as described herein - above and in accordance with the descriptions, plats, speci- fications and estimates adopted by said Board. The cost of acquisition and construction of said facilities to be paid from the proceeds of bonds, including all incidental ex- penses necessary to be incurred in connection therewith and in connection with the issuance of bonds on account thereof, shall not exceed the sum of Three Million Six Hundred Thou- sand Dollars ($3,600,000). No obligation shall be incurred beyond the extent to which money has been or may be made avail- able to the Board of Public Works and Safety by the Common Council. Said project shall be constructed and operated, and the bonds herein authorized shall be issued, pursuant to and in accordance with the provisions of Chapter 190 of the Acts of the Indiana General Assembly for the year 1955, and acts sup- plemental thereto, hereinafter sometimes referred to as the "Act." The terms "parking facility," "facility," "off- street parking facilities," "facilities," or "project," as used in this ordinance, shall mean and refer to the Project 1969 as herein defined, and shall include the lands therein described on which said projects are to be located, all structures and improvements at, placed or made on said lands, entrances, exits, equipment and all other accessories or appurtenances necessary or desirable for safety and convenience in the off- - 4 -