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SECTION 9. The City does not warrant, guarantee or even suggest that interest to be paid <br />to or income to be received by the holders of any bond, coupon, or series thereof is exempt from <br />taxation by any local, state or federal government. <br />SECTION 10. The bonds, if and when issued, shall be special, limited obligations of the <br />City payable solely from the funds provided therefor as described in the indenture authorizing the <br />bonds, and shall not constitute an indebtedness of the Commission or the City or a loan of the credit <br />thereof. <br />SECTION 11. This Resolution does not constitute a binding obligation of the Commission <br />or the City to issue the bonds, but instead, is a commitment by the City to proceed with negotiations <br />for the financing described herein with the Applicant and is subject to the adoption of a bond <br />ordinance by the City in accordance with the provisions of the Act. <br />SECTION 12. This Resolution shall be in full force and effect from and after adoption by <br />the Common Council and approval by the Mayor. <br />PRESENTEa 3-2'\0 -6` <br />NOT APPR00 <br />kDOPTED 3_ze -ok <br />COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND, INDIANA <br />is \% � le-'� <br />Member, Common Council <br />Filed In Clerk's office <br />W9�,R 2 f 20119 <br />LCg6TTAJ. WA <br />CITY CLERK, 80. BEND.IN. <br />