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WHEREAS, to permit the Commission to proceed with the issuance of the Bonds in the <br />increased aggregate principal amount, the Common Council desires to approve of said issuance <br />in accordance with the Act; <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: <br />1. The issuance of the Bonds of the District payable from Tax Increment generated <br />in the Area to finance the costs of the Project in the increased aggregate principal amount not to <br />exceed Sixteen Million and 00 /100 Dollars ($16,000,000.00), as set forth in the Act, is hereby <br />approved. <br />2. This Resolution shall be in full force and effect from and after passage by the <br />Common Council and approval by the Mayor. <br />PRESENTED 11-LA-03 <br />NOT APPROVED <br />ADOPTED I \ —2`,_ 03 <br />SBIMANI 164757vl <br />COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA <br />By: <br />Member of the Common Council <br />-2- <br />Sled to Clerk's Office <br />Npy - � 2003 <br />LOMASI WDA <br />CITYOLLRK,B0.BLVD , lm <br />