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The City shall proceed to cooperate with and take such action as may be necessary <br />in drafting documents or in the performance of such other acts as will facilitate the issuance of such <br />bonds to provide funds for such purpose. <br />4. The Applicant may proceed with such project in reliance upon this resolution. <br />The liability and obligation ofthe South Bend Economic Development Commission, <br />the Common Council, and the City of South Bend, Indiana, shall be limited solely to the good faith <br />efforts to consummate such proceedings and issue such bonds, and such entities and their officers <br />and agents shall not incur any liability if for any reason the proposed issuance of such bonds is not <br />consummated; and the bonds shall be special, limited obligations of the City, payable solely from <br />the funds provided therefor as described in the documents authorizing the issuance of the bonds, and <br />shall not constitute an indebtedness of the City or a loan of the credit thereof. <br />6. This Resolution shall be in full force and effect from and after its adoption and <br />approval by the Mayor. <br />PRESENTED -1-V -- "` <br />NOT APPROVED <br />ADOPTED 7 -2.b Jq <br />&V"Oaz� <br />Member, South Bend Common Council <br />Filed In Clerk's Office o <br />J � �. 1 � 1999 E <br />LORFTTAJ. DUDA <br />CITY CLERK. SC. SEND, ft <br />E <br />