Authorizing Submission of application for loan by the Indiana development finance authority relating to Bosch

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designated as the "City of South Bend, Indiana, Revenue Bonds, Series 200_ (Robert Bosch Corporation Project)" (with the blank to be completed with the year in which the Loan is issued). In the event that the Authority permits a portion of the Loan to be issued as a Forgivable Portion, the Bonds shall be issued in two (2) series with one series in an aggregate principal amount equal to the Forgivable Portion and the other series shall equal the remainder of the principal amount of the Loan. The Bonds will be acquired by the Authority pursuant to the Program Agreement. The Bonds shall be dated and have an original issuance date as of the date of the Loan. The Bonds (and each series if the Bonds are issued in two (2) series) shall mature on a date not later than thirty (30) years from the date of original issuance thereof and shall bear interest at a rate not to exceed three percent (3.0%) per annum. The Bonds (and each series ifthe Bonds are issued in two (2) series) may be prepaid by the City at par on any date and shall be negotiable without registration. Section 4. The Mayor and the Clerk of the City are hereby authorized and directed to execute and deliver and the Clerk is hereby authorized to affix the seal on, when and if appropriate, the Program Agreement and the Bonds (and each series if the Bonds are issued in two (2) series), together with any documents, instruments, or certificates they deem necessary or appropriate upon the advice of counsel to complete the transactions contemplated herein. Section 5. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor and shall not be repealed or amended in any manner which would serve to adversely affect the Loan or the funds identified herein which shall serve to repay the Loan. COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA C:\WINDOWS\TEMP\#99998-2.WPD -~'