Authorizing issuance of Economic Development Revenue Bonds, Series 1999 (Southfield Village), not to exceed $20,000,000

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Statement with such additions or changes thereto as shall be approved by the Mayor executing the same with such execution evidencing approval of such additional changes. The Mayor, the Controller, the Clerk or any other officer of the City familiar with the matters with respect to the City set forth in the Preliminary Official Statement is hereby authorized to certify to the Underwriter (as defined in the Financing Documents) that the information in the Preliminary Official Statement with respect to the City is deemed to be final within the meaning of the SEC Rule prior to the distribution of the Preliminary Official Statement. Section 6. The Mayor and the Clerk are authorized and directed to execute the Loan Agreement, the Trust Indenture, the Mortgage, the Bond Purchase Agreement, and the Bonds approved herein on behalf of the City and any other documents which may be necessary or desirable to consummate the transaction and, by their execution of such documents, may approve such further changes therein without further approval of the Commission or the Council excepting, however, such changes as must be approved by the Council and the Commissian pursuant to IC 36-7-12-27. The signatures of the Mayor and the Clerk on the Bonds shall be manual or facsimile signatures. The Clerk is authorized to arrange for the delivery of the Bonds as provided in the Bond Purchase Agreement. Section 7. The Bonds shall not constitute a debt or pledge of the faith and credit of the City, the State or any political subdivision thereof, and the holders, or owners thereof shall have no right to have taxes levied by the City, the State or of any political subdivision, for the payment of the principal thereof or interest thereon. Moneys raised by taxation shall not be obligated or pledged for the payment of principal of or interest on the Bonds, and the Bonds shall be payable solely from the revenues and security interests pledged for their payment as authorized by the Trust Indenture. Section 8. The provisions of this Ordinance and the Bond Purchase Agreement shall constitute a contract binding between the City and the holders of the Bonds, and after the issuance of the Bonds, this Ordinance shall not be repealed or amended in any respect which would adversely affect the right of such holders so long as any principal of the Bonds or the interest thereon remains unpaid. Section .This Ordinance shall be in full force and effect from and after passage by the Common Council and its approval by the Mayor of the City. ::ODMA\PCDOCS\SBDOCSI\33484\3 -3-