Inductement Resolution Goodwill Industries of Michiana, Inc. Project 1805 Western Ave & 1904-1906 Ireland Rd.

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(i) It will authorize and issue one or more series of revenue bonds of the City pursuant to the Act, in the approximate aggregate principal amount of Two Million and 00 /100 Dollars ($2,000,000.00), to finance the costs of the Project, including reimbursement or repayment to the Company for planning, engineering, underwriting and attorney and bond counsel fees, and will enter into a financing agreement to lend the net proceeds of such bonds to the Company to enable the Project to be constructed and repay the loan in installments sufficient to pay the principal of, premium, if any, and interest on such bonds; (ii) It will adopt such ordinances and resolutions and authorize the execution and delivery of such instruments and the taking of such actions as may be necessary or advisable for the authorization, issuance and sale of such bonds; and (iii) It will take or cause to be taken such other actions as may be required to implement the aforesaid or as it may deem appropriate in pursuance thereof, provided that all of the foregoing shall be authorized by law and mutually acceptable to the City and the Company. Section 4. It is hereby recognized that the issuance and sale of revenue bonds by the City under the Act for the purposes set forth herein shall be subject to the City's obtaining such approvals as may be required under the Act. Section 5. To the extent permitted by the Act, such changes may be made in the Project as are deemed necessary or desirable, or as may be required in light of then existing regulations or technology, or both, provided that after such changes the Project will continue to w\z -4-