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BA1~NE~~rI-'~-I~RI~J3LT~~" LLP <br />Philip J. Faccenda, Jr. <br />.(574) 237.1148 <br />philip.faccendaQbtlaw.com <br />600 1st Source Bank Center <br />100 North Michigan <br />South Bend, IN 46601 U.S.A. <br />(574)233.1171 <br />Fax (574} 237-1125 <br />www.btlaw.com <br />June 4, 2009 <br />HAND DELIVERY <br /> <br /> <br />John Voorde Derek D. Dieter, President <br />Clerk of the City of South Bend South Bend Common Council <br />227 West Jefferson Boulevard, Suite 455 227 West Jefferson Boulevard, Suite 400 <br />South Bend, Indiana 46601 South Bend, Indiana 46601 <br />Re: City of South Bend, Indiana Waterworks Revenue Bonds of 2009 <br />Dear Mr. Voorde and Mr. Dieter: <br />Enclosed for filing are multiple copies of a substitute Bill No. 36-09, which is the <br />Ordinance for thekabove-referenced City of South Bend, Indiana Waterworks Revenue Bonds of <br />2009 for consideration of the Common Council on June 8, 2009. The Ordinance contemplates <br />that a portion of the Project will be financed through the State Revolving Fund ("SRF"), through <br />a grant and aloes-interest loan. The modifications in the substitute Bill reflect changes requested <br />by the SRF Program and primarily involve the establishment of a separate debt service reserve <br />for bonds sold to the SRF, consent rights of the SRF to the taking of certain actions for bonds <br />sold to the SRF, and other minor modifications in connection with the SRF. Program. The form <br />of the Financial Assistance Agreement between the City and SRF is also attached as Exhibit B to <br />the Ordinance. <br />Please call me with any questions you may have. <br />Sincerely, <br />Philip J. Fac enda, Jr. <br />PJF:mdm <br />Enclosures <br />cc: Aladean M. DeRose, Esq. <br />SBDS02 PFACCENDA 390550v1 <br />~i~~~ jfl ~i~l`~+'~ ~a~a~~~ <br />JUN - 4 2009 <br />Chicago Indiana Michigan Washington, D.C. <br />