Approving Economic Development Revenue Bonds $20,000,000.00 Southfield Village, Inc.

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(iii) it will use its best efforts at the request of Southfield to authorize the issuance of additional bonds for completion of the Project and for additions to the Project, including the costs of issuance (provided that the financing of such addition or additions to the Project is found to have a public purpose, as defined in IC 36- 7 -12 -1 at the time of authorization of such additional bonds), and that the aforementioned purposes comply with the provisions of IC 36 -7 -11.9 and 12. 4. All costs of the Project incurred after the date beginning sixty (60) days prior to the adoption of this inducement resolution, including reimbursement or repayment to Southfield of monies expended by Southfield for planning, engineering, interest paid during construction, underwriting expenses, attorney and bond counsel fees, and acquisition, construction, installation and equipping of the Project will be permitted to be included as part of the Bond issue to finance the Project, and the City will lend the proceeds from the sale of the Bonds to Southfield for the same purposes. Also, certain indirect expenses, including but not limited to, planning, architectural work and engineering incurred prior to this inducement resolution will be, as permitted by law, included as part of the bond issue to finance the Project. 5. The liability and obligation of the Common Council of the City shall be limited solely to good faith efforts to consummate the proceedings leading to the issuance of the Bonds to finance the acquisition, construction, installation and equipping of the Project and the Bonds, if issued, shall never constitute a general obligation of, or indebtedness of, or a charge against the general credit of the City and shall not be payable to any extent from revenue raised by taxation. Neither the Common Council or the City or their officers or agents, shall incur any liability, if for any reason the proposed issuance of the Bonds is not consummated. ::ODMA\PCDOCS \SBDOCSI \32484 \I -4-