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HomeMy WebLinkAbout06-12-2017 Packet 1 SOUTH BEND COMMON COUNCIL MEETING AGENDA Monday, June 12, 2017 7:00 P.M. 1. INVOCATION- PASTOR AMY HOUGHTALING, HOPE MINISTRIES SOUTH BEND 2. PLEDGE TO THE FLAG 3. ROLL CALL 4. REPORT FROM THE SUB-COMMITTEE ON MINUTES 5. SPECIAL BUSINESS BILL NO. 17-27 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, PUBLICLY COMMENDING AND HONORING THE SOUTH BEND ELKS LODGE 235 ON THEIR 125TH ANNIVERSARY 17-33 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, PUBLICLY CONGRATULATING MS. INDONESIA (“INDY”) BROWN, A JOHN ADAMS HIGH SCHOOL STUDENT, FOR HER ACCOMPLISHMENTS AND HER SELECTION BY MAYOR BUTTIGIEG AS THE 2017 SOUTH BEND MERIT AWARD WINNER FOR SCOUTING 6. REPORTS FROM CITY OFFICES 7. COMMITTEE OF THE WHOLE TIME: ______ BILL NO. 09-17 PUBLIC HEARING ON AN ORDINANCE AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT 1237 & 1303 IRONWOOD DRIVE, COUNCILMANIC DISTRICT NO. 4 IN THE CITY OF SOUTH BEND, INDIANA 32-17 PUBLIC HEARING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE CITY OF SOUTH BEND, INDIANA TO ISSUE ITS “TAXABLE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2017 (STUDEBAKER PROJECT)” AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO 2 8. BILLS ON THIRD READING TIME:______ BILL NO. 09-17 THIRD READING ON AN ORDINANCE AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT 1237 & 1303 IRONWOOD DRIVE, COUNCILMANIC DISTRICT NO. 4 IN THE CITY OF SOUTH BEND, INDIANA 32-17 THIRD READING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE CITY OF SOUTH BEND, INDIANA TO ISSUE ITS “TAXABLE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2017 (STUDEBAKER PROJECT)” AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO 9. RESOLUTIONS BILL NO. 17-26 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, STRONGLY ENDORSING AND RECOMMENDING IMPLEMENTATION OF A PILOT EMPLOYMENT PROGRAM TO REDUCE PANHANDLING WITHIN THE CITY OF SOUTH BEND AND FOR AN APPROPRIATION WITHIN THE 2018 CITY BUDGET OF MONIES TO FUND SUCH PILOT PROGRAM 17-29 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING THE ISSUANCE OF SCRAP METAL/JUNK DEALERS/RECYCLING OPERATION LICENSES FOR CALENDAR YEAR 2017 PURSUANT TO SECTION 4-51 OF THE SOUTH BEND MUNICIPAL CODE 17-30 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING LEASE OF PARKING LOT LOCATED AT 214-216 WEST WAYNE STREET 17-31 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING LEASE OF BUILDING LOCATED AT 523 EAST JEFFERSON BLVD. 17-32 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING LEASE OF COMMUNITY ROOM LOCATED AT 211 SOUTH ST. PETER STREET, SOUTH BEND, IN 46617. 10. BILLS ON FIRST READING BILL NO. 33-17 FIRST READING ON AN ORDINANCE AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT 1709 W. LINCOLNWAY, 3 COUNCILMANIC DISTRICT NO. 2 IN THE CITY OF SOUTH BEND, INDIANA 34-17 FIRST READING ON AN ORDINANCE AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT 4640 SOUTH MICHIGAN STREET; 237, 305, AND 313 REASOR STREET; 4637, 4701, 4707, AND VACANT PARCEL SOUTH AND ADJACENT TO 4707 FELLOWS STREET; COUNCILMANIC DISTRICT NO. 5 IN THE CITY OF SOUTH BEND, INDIANA 35-17 FIRST READING ON AN ORDINANCE TO VACATE THE FOLLOWING DESCRIBED PROPERTY: EAST/WEST ALLEY FROM PARK AVENUE TO FIRST NORTH/SOUTH ALLEY BETWEEN MANITOU AND RIVERSIDE 36-17 FIRST READING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, FOR BUDGET TRANSFERS FOR VARIOUS DEPARTMENTS WITHIN THE CITY OF SOUTH BEND, INDIANA FOR THE YEAR 2017 37-17 FIRST READING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING ADDITIONAL FUNDS FOR CERTAIN DEPARTMENTAL AND CITY SERVICES OPERATIONS IN 2017 OF $40,000 FROM PARKS FUND (#201), $200,000 FROM MOTOR VEHICLE HIGHWAY FUND (#202), $100,000 FROM DCI OPERATING FUND (#211), $3,000 FROM GIFT, DONATION, BEQUEST FUND (#217), $125,000 FROM LOCAL ROADS & STREETS FUND (#251), $28,000 FROM INDIANA RIVER RESCUE FUND (#291), $285,000 FROM PARKS CAPITAL FUND (#405), $295,000 FROM MORRIS PERFORMING ARTS CENTER CAPITAL FUND (#416), AND $1,000 FROM ERSKINE VILLAGE BOND FUND (#758). 38-17 FIRST READING ON AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING ADDITIONAL FUNDS FOR CERTAIN DEPARTMENTAL AND ENTERPRISE OPERATIONS IN 2017 OF $891,089 FROM EMS CAPITAL FUND (#287). 11. UNFINISHED BUSINESS 12. NEW BUSINESS 13. PRIVILEGE OF THE FLOOR 14. ADJOURNMENT TIME: _________ Notice for Hearing and Sight Impaired Persons Auxiliary Aid Or Other Services Are Available Upon Request At No Charge. 4 Please Give Reasonable Advance Request When Possible. In the interest of providing greater public access and to promote greater transparency, the South Bend Common Council agenda has been translated into Spanish. All agendas are available online from the Council’s website, and also in paper format in the Office of the City Clerk, 4th Floor County-City Building. Reasonable efforts have been taken to provide an accurate translation of the text of the agenda, however, the official text is the English version. Any discrepancies which may be created in the translation, are not binding. Such translations do not create any right or benefit, substantive or procedural, enforceable at law or equity by a party against the Common Council or the City of South Bend, Indiana. __________________________________________________________________________________________________________________ ____ OFFICE OF THE CITY CLERK KAREEMAH FOWLER, CITY CLERK 455 County-City Building • 227 W. Jefferson Boulevard • South Bend, Indiana 46601 Phone 574-235-9221 • Fax 574-235-9173 • TDD 574-235-5567 • www.SouthBendIN.gov ALKEYNA M. ALDRIDGE DEPUTY CLERK DIRECTOR OF POLICY JENNIFER M. COFFMAN CHIEF DEPUTY DIRECTOR OF OPERATIONS JOSEPH R. MOLNAR ORDINANCE VIOLATIONS BUREAU CLERK MEMORANDUM TO: MEMBERS OF THE COMMON COUNCIL FROM: KAREEMAH FOWLER, CITY CLERK DATE: JUNE 8, 2017 SUBJECT: COMMITTEE MEETING NOTICE The following Common Council Committee Meetings have been scheduled for MONDAY, JUNE 12, 2017 at: Council Informal Meeting Room 4th Floor County-City Building 227 W. Jefferson Blvd. South Bend, IN 46601 4:00 P.M. ZONING & ANNEXATION OLIVER DAVIS, CHAIRPERSON 1. Substitute Bill No. 09-17- Rezoning at 1237 & 1303 Ironwood (Request to Continue to 7/24) 2. Discussion of Possible Text Amendment for Indoor Storage- Angela Smith, APC 4:05 P.M. COMMUNITY INVESTMENT GAVIN FERLIC, CHAIRPERSON 1. Bill No. 32-17- Bond Issuance for the Renaissance District Studebaker Project 4:15 P.M. HEALTH & PUBLIC SAFETY JO M. BRODEN, CHAIRPERSON 1. Bill No. 17-29- Issuance of Scrap Metal Dealer License 4:20 P.M. PARC RANDY KELLY, CHAIRPERSON 1. Leeper Park Pond Update- Aaron Perri, VPA Director & Dr. Doug Morris 4:40 P.M. PERSONNEL & FINANCE KAREN L. WHITE, CHAIRPERSON 1. Bill No. 17-30- Resolution approving parking lot lease at 214-216 Wayne St. 2. Bill No. 17-31- Resolution approving office lease agreement with Shein Realty, LLC 3. Bill No. 17-32- Resolution approving lease agreement with Zion United Church of Christ 4. Bill No. 17-26- Resolution in support of an appropriation to fund pilot program addressing panhandling Council President Tim Scott has called an Informal Meeting of the Council which will commence immediately after the adjournment of the Personnel & Finance Committee. INFORMAL MEETING OF THE COMMON COUNCIL TIM SCOTT, PRESIDENT 1. Discussion of Council Agenda 2. Update and Announcements 3. Adjournment cc: Mayor Pete Buttigieg Committee Meeting List News Media NOTICE FOR HEARING AND SIGHT IMPAIRED PERSONS Auxiliary Aid or Other Services may be Available upon Request at No Charge. Please give Reasonable Advance Request when Possible 2017 COMMON COUNCIL STANDING COMMITTEES (Rev. 01-4-17) COMMUNITY INVESTMENT COMMITTEE Oversees the various activities of the Department of Community Investment. This Committee reviews all real & personal tax abatement requests. Gavin Ferlic, Chairperson Oliver Davis, Member Regina Williams-Preston, Vice-Chairperson Randy Kelly, Member COMMUNITY RELATIONS COMMITTEE Oversees the various activities of the Office of Community Affairs and is charged with facilitating partnerships & ongoing communications with other public and private entities operating within the City. Regina Williams-Preston, Chairperson Gavin Ferlic, Member Randy Kelly, Vice-Chairperson Karen White, Member COUNCIL RULES COMMITTEE Oversees the regulations governing the overall operation of the Common Council, as well as all matters of public trust. It duties are set forth in detail in Section 2-10.1 of the South Bend Municipal Code. Tim Scott, Member Dr. David Varner, Member Jo Broden, Member Karen White, Member HEALTH AND PUBLIC SAFETY COMMITTEE Oversees the various activities performed by the Fire and Police Departments, EMS, Department of Code Enforcement, ordinance violations, and related health and public safety matters. Jo Broden, Chairperson Oliver Davis, Member John Voorde, Vice-Chairperson Karen L. White, Member INFORMATION AND TECHNOLOGY COMMITTEE Oversees the various activities of the City’s Division of Information Technologies in the Department of Administration & Finance so that the City of South Bend remains competitive and on the cutting edge of developments in this area. Reviewing and proposing upgrades to computer systems and web sites, developing availability & access to GIS data and related technologies are just some of its many activities. Tim Scott, Chairperson Dave Varner, Member Gavin Ferlic, Vice-Chairperson Randy Kelly, Member PARC COMMITTEE (Parks, Recreation, Cultural Arts & Entertainment) Oversees the various activities of the Century Center, College Football Hall of Fame, Coveleski Regional Stadium, Morris Performing Arts Center, Studebaker National Museum, South Bend Regional Museum of Art, Potawatomi Zoo, and the many recreational and leisure activities offered by the Department of Parks and Recreation. Randy Kelly, Chairperson Oliver Davis, Member Dr. Dave Varner, Vice-Chairperson John Voorde, Member 2017 COMMON COUNCIL STANDING COMMITTEES (Rev. 01-4-17) PERSONNEL AND FINANCE COMMITTEE Oversees the activities performed by the Department of Administration and Finance, and reviews all proposed salaries, budgets, appropriations & other fiscal matters, as well as personnel policies, health benefits & related matters. Karen L. White, Chairperson Regina Williams-Preston, Member Gavin Ferlic, Vice-Chairperson John Voorde, Member PUBLIC WORKS AND PROPERTY VACATION COMMITTEE Oversees the various activities performed by the Building Department, the Department of Public Works & related public works & property vacation issues. John Voorde, Chairperson Jo M. Broden, Member Randy Kelly, Vice-Chairperson Gavin Ferlic, Member RESIDENTIAL NEIGHBORHOODS COMMITTEE Oversees the various activities & issues related to neighborhood development & enhancement. Karen White, Chairperson Regina Williams-Preston, Member Jo Broden, Vice-Chairperson John Voorde, Member UTILITIES COMMITTEE Oversees the activities of all enterprise entities including but not limited to the Bureau of Waterworks, Bureau of Sewers and all related matters. Dr. David Varner, Chairperson Randy Kelly, Member Oliver Davis, Vice-Chairperson Regina Williams-Preston, Member ZONING AND ANNEXATION COMMITTEE Oversees the activities related to the Board of Zoning Appeals, recommendations from the Area Plan Commission and the Historic Preservation Commission, as well as all related matters addressing annexation and zoning. Oliver Davis, Chairperson Gavin Ferlic, Member John Voorde, Vice-Chairperson Jo Broden, Member ________________ SUB-COMMITTEE ON MINUTES Reviews the minutes prepared by the Office of the City Clerk of the regular, special and informal meetings of the Common Council and makes a recommendation on their approval/modification to the Council Tim Scott Dr. David Varner 2016 COMMON COUNCIL STANDING COMMITTEES (Rev.01-4-17) TIM SCOTT, 1ST District Council Member PRESIDENT Information and Technology, Chairperson Council Rules Committee, Member Sub-Committee on Minutes, Member REGINA WILLIAMS-PRESTON 2nd District Council Member Community Relations Committee, Chairperson Residential Neighborhood Committee, Member Community Investment Committee, Vice-Chairperson Personnel & Finance Committee, Member Utilities Committee, Member RANDY KELLY, 3rd District Council Member PARC Committee, Chairperson Community Investment Committee, Member Community Relations Committee, Vice Chairperson Information & Technology Committee, Member Public Works & Property Vacation, Vice Chair Utilities Committee, Member JO BRODEN, 4TH District Council Member Health and Public Safety Committee, Chairperson Council Rules Committee, Member Residential Neighborhood Committee, Vice-Chairperson Public Works & Property Vacation, Member Zoning & Annexation Committee, Member DR. DAVID VARNER, 5TH District Council Member Utilities Committee, Chairperson Information & Technology Committee, Member PARC Committee, Vice-Chairperson Council Rules Committee, Member Sub-Committee on Minutes, Member OLIVER DAVIS, 6TH District Council Member Zoning & Annexation Committee, Chairperson Community Investment Committee, Member Utilities Committee, Vice-Chairperson Health & Public Safety Committee, Member PARC Committee, Member GAVIN FERLIC, AT LARGE Council Member Chairperson, Committee of the Whole Community Investment Committee, Chairperson Community Relations Committee, Member Information & Technology Committee, Vice-Chairperson Public Works & Property Vacation, Member Personnel & Finance Committee, Vice-Chairperson Zoning & Annexation Committee, Member KAREN L. WHITE, AT LARGE Council Member Residential Neighborhood Committee, Chairperson Community Relations Committee, Member Personnel & Finance Committee, Chairperson Council Rules Committee, Member Health & Public Safety Committee, Member JOHN VOORDE, AT LARGE Council Member Public Works & Property Vacation, Chairperson Residential Neighborhood Committee, Member Health and Public Safety, Vice-Chairperson PARC Committee, Member Zoning & Annexation Committee, Vice-Chairperson Personnel & Finance Committee, Member Bill No. _____________ Resolution No. ___________ A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, PUBLICLY COMMENDING AND HONORING THE SOUTH BEND ELKS LODGE 235 ON THEIR 125TH ANNIVERSARY WHEREAS, the South Bend Elks Lodge 235 was chartered on June 12, 1892, the first Lodge Building was located where the South Bend Tribune Lunch Room is currently located, and WHEREAS, the mission of the Elks is to inculcate the principles of Charity, Justice, Brotherly Love and Fidelity; to recognize a belief in God; to promote the welfare and enhance the happiness of its Members; to quicken the spirit of American patriotism; to cultivate good fellowship; to perpetuate itself as a good fraternal organization, and provide for its government, and WHEREAS, the Benevolent and Protective Order of Elks of the United States of America will serve the people and communities through benevolent programs, demonstrating that Elks Care and Elks Share, and WHEREAS, the South Bend Elks 235 since its founding has inducted over 9000 members; including, seven (7) South Bend Mayors, Schulyer Colfax the 17th Vice President of the United States, and University of Notre Dame Coach Knute Rockne, and WHEREAS, throughout its tenure the South Bend Elks Lodge 235 has contributed to the betterment of the South Bend community and it’s residents in enumerable and invaluable ways; including the following projects to name a few:  Founding and Continuous Donor to the Robert E. Miller Veterans Center  Rebuilding Together of St. Joe County (Christmas in April)  Supporting Local Scholarships  Presenting Sponsor of the Elks National Hoop Shoot Contest, and  Continuous support of the Indiana University and Purdue University Cancer Research Centers, the Hope Rescue Mission and the Michiana Five for the Homeless initiative. Now, therefore, be it resolved by the Common Council of the City South Bend, Indiana, as follows: Section I. On behalf of the citizens of the City of South Bend, Indiana, the Common Council hereby publicly commends the South Bend Elks Lodge 235, on reaching its One-Hundred Twenty-Fifth (125th ) Anniversary. Section II. The Common Council wishes the Elks Lodge 235 and all of its members continued growth and prosperity as it begins another year of serving our community. Section III. This Resolution shall be in full force and effect from and after its adoption by the Council and approval by the Mayor. ________________________________ _____________________________________ Tim Scott, 1st District Oliver J. Davis, 6th District ________________________________ _____________________________________ Regina Williams Preston, 2nd District John Voorde, At Large ________________________________ _____________________________________ Randy Kelly, 3rd District Gavin Ferlic, At Large ________________________________ _____________________________________ Jo M. Broden, 4th District Karen L. White, At Large ________________________________ _____________________________________ Dr. David Varner, 5th District Council Attorney Attest: Approved this 12th day of June, 2017 ________________________________ _____________________________________ Kareemah N. Fowler, City Clerk Pete Buttigieg, Mayor of South Bend RESOLUTION NO. __________ A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, PUBLICLY CONGRATULATING MS. INDONESIA (“INDY”) BROWN, A JOHN ADAMS HIGH SCHOOL STUDENT, FOR HER ACCOMPLISHMENTS AND HER SELECTION BY MAYOR BUTTIGIEG AS THE 2017 SOUTH BEND MERIT AWARD WINNER FOR SCOUTING Whereas, Ms. Indonesia (“Indy”) Brown is a junior at John Adams High School and was recently selected by Mayor Pete Buttigieg as the 2017 winner of the South Bend Mayor’s award for scouting, presented to Indy Brown at the Mayors’ Luncheon for Scouting on May 3, 2017 sponsored by the La Salle Council of Boy Scouts of America. This regional event honors one resident from each of the cities of Elkhart, Mishawaka, Plymouth and South Bend selected by their Mayor, who quietly serves their respective community without expecting or receiving reward or recognition; and Whereas, Indy Brown is a dedicated, highly involved student at John Adams High School who participates in mock trial; sports team management; marching, jazz and pep bands; the John Adams Volunteer Association; the anti-violence/anti-bullying program known as Take Ten, and Innovative Thinkers where she is a facilitator. She is also a dedicated actor participating in ShakeScenes, the youth Shakespeare program sponsored by the University of Notre Dame and is a member of Notre Dame’s TRiO program; and Whereas, throughout her years at John Adams High School, Indy has been a HADARI scholar, and this year was inducted into the National Honor Society. She has served as a class officer every year of high school as vice president and treasurer. She has demonstrated further leadership in the greater South Bend Community by participating in South Bend’s Youth Neighborhood Leadership Council which has brainstormed, proposed and implemented the Kelly Park Project for the betterment of that area’s community, and, Whereas, Indy has also served nearly two years on the South Bend Youth Task Force which has benefitted from her stellar communication skills and her belief that South Bend can benefit from a strong youth voice in the community. She represented South Bend as Student Youth Ambassador in Louisville, Kentucky at the National Seminar sponsored by Engaging Youth, Engaging Neighborhoods ; and Whereas, the motto of Indy Brown is to “give my 100% effort at all times, [and to] always look back and see what I can improve on and engage others to do the same”; and Whereas, what separates Indy Brown from others is her natural leadership and her belief that “being a leader isn’t only leading and helping others, but taking advice from others on how to improve oneself.” Now, therefore, be it resolved, by the Common Council of the City of South Bend, Indiana, as follows: Section I. The South Bend Common Council proudly recognizes Indonesia Brown for her receipt of the 2017 South Bend Mayor’s scouting award along with her many other notable accomplishments, and the Council wishes her all the best as she continues to pursue and achieve her future goals and dreams. Section II. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. ______________________________________ __________________________________________ Tim Scott, 1st District Council Member Oliver J. Davis, 6th District Council Member ______________________________________ __________________________________________ Regina Williams Preston, 2nd District John Voorde, At Large Council Member ______________________________________ __________________________________________ Randy Kelly, 3rd District Council Member Gavin Ferlic, At Large Council Member ______________________________________ __________________________________________ Jo Broden, 4th District Council Member Karen L. White, At Large Council Member ______________________________________ __________________________________________ Dr. David Varner, 5th District Council Member Robert Palmer, Council Attorney Attest: Approved this __ day of June, 2017. ______________________________________ __________________________________________ Kareemah Fowler, City Clerk Pete Buttigieg, Mayor of South Bend, Indiana I Uanch, ", arne-r cV /I ssociates, Inc. Land Surveyors M Professional Engineers Landscape Architects • Land Planners Office: (574) 234-4003 / (800)594- 4003Fax: (574)234-4009 1643 CommerceDrive South Bend, IN 46628 Mr. Tim Scott June 5,2017 President- South Bend Common Council 4'Floor County-City Building 227 West Jefferson Blvd. South Bend,Indiana 46601 Filed in Clerk's Office JUN 05 2017 RE: Rezoning Petition for 1237 and 1303 N. Ironwood Drive, South Bend, Indiana 46617. KAREEMAH FOWLER CITY CLERK, SOUTH BEND, IN Dear Mr. Scott: On behalf of our clients are requesting that the Rezoning Petition for the properties located at 1237 and 1303 N. Ironwood Drive, South Bend, Indiana be tabled until the July 24, 2017 meeting of the South Bend Common Council. This tabling will allow our clients time to address issues that were brought up at the Common Council meeting on May 22°d Ifyou have any questions concerning this matter,please feel free to give me a call at 234-4003. Sincerely, a ,.1JwwA Michael J. Danch President Danch,Hamer&Associates, Inc. File 160268.1 Md"C" 0UTH& O 227 W.JEFFERSON BOULEVARD j C PHONE:574/235-9371 SUITE 1400 S. W PFAC F Y; h FAX:574/235-9021 SOUTH BEND,IN 46601-1830 e1865_ a CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR COMMUNITY INVESTMENT May 17, 2017 Filed in Clerk's Once Mr. Tim Scott, President MAY 17 2017 South Bend Common Council 4th Floor County-City Building KAREEMAH FOWLER South Bend, IN 46601 CITY CLERK,SOUTH BEND,IN RE: Economic Development Revenue Bonds 2017 (Studebaker Project) Dear President Scott: Attached for the Common Council's consideration is an Ordinance that approves the issuance of Economic Development Revenue Bonds (Bonds)to support facade improvements to the former Studebaker Building 84. As you may know, in October 2012 the Redevelopment Commission approved a Development Agreement with Union Station Properties, LP, committing $3,500,000 in funding from the River West Development Area for building stabilization and facade improvements to Building 84,the remaining Studebaker campus manufacturing facility. In 2016 the Renaissance District(District),which includes Building 84, was awarded a Regional Cities grant of$3,500,000. The issuance ofthese Bonds will allow all funding sources to be pooled together and enable the facade transformation ofthis six story, 100,000 square foot building overlooking the City's downtown. Thank you for your consideration. I, along with Shawn Peterson and Lisa Lee representing the District, will attend the Community Investment Committee and Council meetings on June 12, 2017 to address any questions. Sincerely, 4 es Mueller Executive Director Department of Community Investment PLANNING NEIGHBORHOOD ENGAGEMENT BUSINESS DEVELOPMENT ADMINISTRATION& FINANCE ECONOMIC RESOURCES TIM CORCORAN PAMELA C.MEYER ELIZABETH LEONARDINKS ORDINANCE NO. AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE CITY OF SOUTH BEND, INDIANA TO ISSUE ITS "TAXABLE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2017 (STUDEBAKER PROJECT)" AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT THERETO STATEMENT OF PURPOSE AND INTENT The South Bend Economic Development Commission ("Commission") conducted a public hearing and adopted a resolution on or about June 5, 2017, which resolution has been transmitted hereto, finding that the financing of certain economic development facilities of RDistrict Two LLC ("Developer") complies with the purposes and provisions of IC 36-7-11.9 and -12 and that such financing will be of benefit to the health and welfare of the City of South Bend, Indiana("City") and its citizens. The Redevelopment Commission of the City has determined to pledge TIF Revenues (as defined in the hereinafter defined Financing Agreement) to be used to pay principal on the Bonds pursuant to the Financing Agreement. The City shall issue its Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project) ("Bonds") pursuant to this ordinance to finance a portion of the costs of the reskinning and restoration of Building 84 of the Studebaker Facilities (as hereinafter defined) ("Bond Project"), including all necessary appurtenances, related improvements and equipment, in connection with the remediation and rehabilitation of the former Studebaker manufacturing facilities ("Studebaker Facilities") and other related improvements and expenses, if any. The Commission has heretofore published notice of a public hearing to be held on the proposed issuance of the Bonds and conducted such public hearing at a meeting of the I\11852954.5 Commission on June 5, 2017 ("PublicHearing"), and following such Public Hearing, the Commission has approved and recommended the adoption of this form of ordinance by this Common Council, has considered the issue of adverse competitive effect and has approved the forms of and has transmitted for approval by the Common Council the Financing and Covenant Agreement between the Developer and the City, dated as of June 1, 2017 ("Financing and Covenant Agreement"); the Trust Indenture (including form of Bonds) between the Issuer and the Trustee, dated as of June 1, 2017 ("Indenture"); and the Bond Purchase Agreement between the Issuer and the purchaser of the Bonds (collectively with the Financing and Covenant Agreement and the Indenture, "Financing Agreement"). NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AS FOLLOWS: SECTION I. It is hereby found that: ( i) the financing of the Bond Project referred to in the Financing Agreement approved by the Commission and presented to this Common Council; ii) the issuance and sale of the City's Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project) ("Bonds"); (iii) the payment of the principal on the Bonds from TIF Revenues pledged by the South Bend Redevelopment Commission for such purpose in the amount of $ 3,500,000 under the Financing Agreement which pledge constitutes a non- shareholder contribution to the Developer for federal tax purposes; and (iv) the securing of the Bonds by granting a security interest in the Trust Estate (as defined in the Indenture) to the Trustee under the Indenture; complies with the purposes and provisions of IC 36-7-11. 9, -12, -14 and -25 (collectively, "Act"), and will be of benefit to the health and welfare of the City and its citizens. 2 - 1\1 1852954.5 SECTION 11. The economic development facilities will consist of the Bond Project as permitted by the Act. SECTION 111. At the Public Hearing, the Commission considered whether the Project would have an adverse competitive effect on any similar facilities located in the City as required by IC 36-7-12-21. The Commission also considered whether the Bond Project would be of benefit to the public health and welfare of the City and found that financing the Bond Project would be of benefit to the public health and welfare ofthe City and the Common Council hereby confirms that finding. SECTION IV. The substantially final forms of the Financing and Covenant Agreement, the Indenture and the Bond Purchase Agreement approved by the Commission are hereby approved as the Financing Agreement as referred to in the Act, and the Financing Agreement shall be incorporated herein by reference and shall be inserted in the minutes of the Common Council and kept on fileby the Clerk. In accordance with the provisions of IC 36-1-5-4, two (2) copies of the Financing Agreement are on file in the office of the Clerk for public inspection. SECTION V. The City may issue its Bonds, maturing no later than three (3) years after their date of issuance, in the aggregate principal amount not to exceed $3,500,000. The Bonds may be issued in installments and bond proceeds drawn down as set forth in the Indenture. The Bonds are to be issued for the purpose of procuring funds to pay the costs of the Bond Project, all as more particularly set out in the Indenture and the Financing and Covenant Agreement, incorporated herein by reference, which Bonds will be payable as to principal and premium, if any, from TIF Revenues and as to interest, if any, by the Developer, pursuant to the Financing Agreement or as otherwise provided in the Indenture. The Bonds shall be issued in fully registered form in denominations of$100,000 and any integral multiples of$1,000 thereafter or 3 - I\11852954.5 as provided in the Indenture, payable either: ( i) on the first day of each month; ( ii) quarterly on January 1, April 1, July 1 and October 1; ( iii) semiannually on February 1 and August 1; or (iv) atmaturity, as determinedby the Controller with the advice of the City's financial advisor. The Bonds are subject to optional redemption, prior to maturity, in whole or in part, at the option of the City, on any date, on seven (7) days' notice to the Trustee, at face value, with no premium. The Bonds may be issued as term bonds subject to mandatory sinking fund redemption. Payments on the Bonds are payable in lawful money of the United States of America by check mailed or delivered to the registered owners or by wire transfer as provided in the Indenture. The Bonds shall never constitute a general obligation of, an indebtedness of, or a charge against the general credit ofthe City as described in the Indenture. SECTION VI. The Mayor and the Controller are authorized and directed to sell the Bonds to the purchaser thereof at a price not less than 100% of the par value thereof. The Bonds shall bear interest at a rate of not to exceed 2% per annum payable either: ( i) on the first day of each month; (ii) quarterly on January 1, April 1, July 1 and October 1; (iii) semiannually on February 1 or August 1; or (iv) at maturity, as determined by the Controller with the advice of the City's financial advisor. The first interest payment date shall be set forth in the Indenture. Interest on the Bonds shall be calculated on an average daily balance basis. SECTION VII. The Mayor and the Controller are authorized and directed to execute, attest, affix or imprint by any means the City seal to the documents constituting the Financing Agreement approved herein on behalf of the City and any other document which may be necessary or desirable to consummate the transaction, including the Bonds authorized herein. The Mayor and the Controller are hereby expressly authorized to approve any modifications or additions to the documents constituting the Financing Agreement which take place after the date 4 - I\11852954.5 of this ordinance with the review and advice of their counsel; it being the express understanding of this Common Council that the terms of the Financing Agreement are in substantially final form as of the date of this ordinance. The approval of said modifications or additions shall be conclusively evidenced by the execution and attestation thereof and the affixing of the seal thereto or the imprinting of the seal thereon; provided, however, that no such modification or addition shall change the maximum issuance amount or maturity amount of, interest rate on or term of the Bonds as approved by the Common Council by this ordinance without further consideration by the Common Council. The signatures of the Mayor, the Controller and the Clerk on the Bonds may be either manual or facsimile signatures. The Controller is authorized to arrange for delivery of such Bonds to the trustee named in the Indenture. Payment for the Bonds will be made to the trustee named in the Indenture, and after such payment the Bonds will be delivered by the Trustee to the purchasers thereof. The Bonds shall be originally dated as of the issue date. SECTION VIII. The provisions of this ordinance and the Indenture securing the Bonds 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 rights of such holders so long as the Bonds or the interest thereon remains unpaid. SECTION IX. This ordinance shall be in full force and effect from and after its passage and approval by the Mayor. Member of the Common Council 5 - I\11852954.5 Attest: Kareemah Fowler, Clerk Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the City for his approval on the day of 2017, at the hour of m. Kareemah Fowler, Clerk Approved and signed by me on the day of 2017, at the hour of m. Pete Buttigieg, Mayor of the City of South Bend, Indiana Filed in Clerk's Office FMAY 1`7 2017 1 KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN 6 - I\11852954.5 EXHIBIT A South Bend Redevelopment Commission Resolution No. 3393 See attached.] ICE MILLER LLP DRAFT FOR DISCUSSION PURPOSES ONLY May 3,2017 TRUST INDENTURE BETWEEN CITY OF SOUTH BEND, INDIANA AND 1ST SOURCE BANK, As Trustee 3,500,000 CITY OF SOUTH BEND, INDIANA TAXABLE ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 2017 STUDEBAKER PROJECT) Dated as of June 1, 2017 Filed in Clerk's Office MAY 1 '7 2017 KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN I\11860514.2 TABLE OF CONTENTS Page ARTICLE 1. DEFINITIONS...........................................................................................10 SectionI.I. Terms Defined ...........................................................................................10 Section 1.2. Rules of Interpretation...............................................................................12 ARTICLE11. THE BONDS.............................................................................................14 Section 2.1. Authorized Amount of Series 2017 Bonds................................................14 Section 2.2. Issuance of Series 2017 Bonds ..................................................................14 Section 2.3. Payment on Bonds.....................................................................................15 Section 2.4. Execution; Limited Obligation ..................................................................15 Section 2.5. Authentication............................................................................................16 Section 2.6. Form of Bonds...........................................................................................16 Section 2.7. Delivery of Series 2017 Bonds..................................................................16 Section 2.8. Issuance of Additional Bonds....................................................................16 Section 2. 9. Mutilated, Lost, Stolen, or Destroyed Bonds.............................................17 Section 2.10. Registration and Exchange of Series 2017 Bonds; Persons Treated asOwners...................................................................................................18 ARTICLE 11I. APPLICATION OF SERIES 2017 BOND PROCEEDS..........................19 Section 3.1. Deposit of Funds........................................................................................19 ARTICLE IV. REVENUE AND FUNDS.........................................................................20 Section 4.1. Source of Payment of Bonds......................................................................20 Section4.2. Bond Fund..................................................................................................20 Section 4.3. Construction Fund......................................................................................20 Section4.4. TIF Revenues.............................................................................................22 Section 4.5. Interest Payments.......................................................................................22 Section4.6. Trust Funds ................................................................................................23 Section4.7. Investment..................................................................................................23 ARTICLE V. REDEMPTION OF SERIES 2017 BONDS BEFORE MATURITY.......24 Section 5.1. Redemption Dates and Prices....................................................................24 Section 5.2. Notice of Redemption................................................................................24 Section 5.3. Cancellation...............................................................................................24 Section 5.4. Redemption Payments ...............................................................................25 Section 5.5. Partial Redemption of Bonds.....................................................................25 ARTICLE VI. GENERAL COVENANTS........................................................................26 Section 6.1. Payment of Principal..................................................................................26 Section6.2. Performance of Covenants.........................................................................26 Section 6.3. Filing of Indenture, Financing Agreement and Security Instruments........ 27 i - IA 1860514.2 Section 6.4. Inspection of Books ...................................................................................27 Section 6.5. List of Bondholders....................................................................................27 Section 6.6. Rights Under Financing Agreement .......................................................... 27 Section 6.7. Investment of Funds...................................................................................27 Section 6.8. Non-presentment of Bonds........................................................................27 Section 6.9. Direction of Bondholders...........................................................................28 ARTICLE VII. DEFAULTS AND REMEDIES ................................................................29 Section 7.1. Events of Default.......................................................................................29 Section7.2. Reserved.....................................................................................................29 Section 7.3. Remedies; Rights of Bondholders .............................................................29 Section 7.4. Right of Bondholders to Direct Proceedings.............................................30 Section 7.5. Application of Moneys ..............................................................................30 Section 7.6. Remedies Vested In Trustee......................................................................31 Section 7.7. Rights and Remedies of Bondholders........................................................31 Section 7.8. Termination of Proceedings.......................................................................32 Section 7.9. Waivers of Events of Default.....................................................................32 ARTICLE VIII. THE TRUSTEE AND PAYING AGENT.................................................33 Section 8.1. Acceptance of the Trusts............................................................................33 Section 8.2. Fees, Charges and Expenses of Trustee and Paying Agent.......................36 Section 8.3. Notice to Bondholders if Default Occurs...................................................36 Section 8.4. Intervention by Trustee..............................................................................36 Section 8.5. Successor Trustee.......................................................................................36 Section 8.6. Resignation by the Trustee.........................................................................36 Section 8.7. Removal of the Trustee..............................................................................37 Section 8.8. Appointment of Successor Trustee by the Bondholders; Temporary Trustee........................................................................................................37 Section 8.9. Concerning Any Successor Trustees .........................................................37 Section 8.10. Trustee Protected inRelying Upon Resolutions, etc.................................37 Section 8.11. Appointment of Paying Agent and Registrar; Resignation or Removal of Paying Agent..........................................................................37 ARTICLE IX. SUPPLEMENTAL INDENTURES ..........................................................39 Section 9.1. Supplemental Indentures NotRequiring Consent of Bondholders............39 Section 9.2. Supplemental Indentures Requiring Consent of Bondholders................... 39 Section 9.3. Opinion of Counsel....................................................................................40 ARTICLE X. AMENDMENTS TO THE FINANCING AGREEMENT........................41 Section 10.1. Amendments, etc........................................................................................41 Section 10.2. Amendments, etc........................................................................................41 Section 10.3.Opinion of Counsel....................................................................................41 ARTICLE XI. MISCELLANEOUS..................................................................................42 Section 11.1.Satisfaction and Discharge.........................................................................42 1\1 1860514.2 Section 11.2. Defeasance of Bonds..................................................................................42 Section 11.3.Cancellation of Series 2017 Bonds............................................................44 Section 11.4. Application of TrustMoney.......................................................................44 Section 11.5.Consents, etc..............................................................................................44 Section 11.6. Limitation of Rights...................................................................................45 Section 11.7.Severability................................................................................................45 Section11.8. Notices .......................................................................................................45 Section 11.9.Counterparts...............................................................................................45 Section 11.10. Applicable Law..........................................................................................45 Section 11.11. Immunity of Officers and Directors...........................................................45 Section11.12. Holidays.....................................................................................................46 Section 11.13. Section 118 Nonshareholder Contribution.................................................46 Section 11.14. Section 118 Tax Accounting......................................................................46 I\11860514.2 TRUST INDENTURE THIS TRUST INDENTURE dated as of the first day of June, 2017, by and between the CITY OF SOUTH BEND, INDIANA ("Issuer"), a municipality duly organized and existing under the laws of the State of Indiana and 1st Source Bank, a [national] banking and financial institution duly organized, existing and authorized to accept and execute trusts of the character herein set out under the laws of the State of Indiana, with a corporate trust office in the City of South Bend, Indiana, as Trustee ("Trustee"); WITNESSETH: WHEREAS, Indiana Code, Title 36, Article 7, Chapters 11.9, -12, -14 and -25 collectively, "Act"), authorize and empower the Issuer to issue revenue bonds and to lend the proceeds therefrom for the purpose of financing economic development facilities and vests such Issuer with powers that may be necessary to enable it to accomplish such purposes; and WHEREAS, in accordance with the provisions of the Act, the Issuer has induced RDistrict Two LLC, a limited liability company ('Developer"), to proceed with the reskinning and restoration of Building 84 and other related improvements and expenses, if any, related thereto of the hereinafter defined Studebaker Facilities ("Bond Project"), which is being undertaken in connection with the remediation and rehabilitation of the former Studebaker manufacturing facilities ("Studebaker Facilities"), in or physically connected to the hereinafter defined Area, by offering to issue its Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project) in the aggregate principal amount of $3,500,000 ("Series 2017 Bonds") pursuant to this Trust Indenture and the provisions of the Financing and Covenant Agreement, dated as of June 1, 2017 ("Financing Agreement") for the purpose of paying costs of the Bond Project; and WHEREAS, the execution and delivery of this Indenture and the issuance of revenue bonds under the Act as herein provided have been in all respects duly and validly authorized by proceedings duly passed on and approved by the Issuer; and WHEREAS, after giving notice in accordance with the Act and IC 5-3-1-4, the Issuer held a public hearing, and upon finding that the Bond Project and the proposed financing thereof will create additional employment opportunities in City of South Bend, Indiana; will benefit the health, safety, morals, and general welfare of the citizens of the Issuer and the State of Indiana; and will comply with the purposes and provisions ofthe Act, adopted an ordinance approving the proposed financing; and WHEREAS, the Act provides that such bonds may be secured by a trust indenture between the Issuer and a corporate trustee; and WHEREAS, the execution and delivery of this Trust Indenture ("Indenture"), and the issuance of the Series 2017 Bonds hereunder have been in all respects duly and validly authorized by an ordinance duly passed and approved by the Issuer; and I\11860514.2 WHEREAS, Indiana Code, Title 36, Article 7, Chapter 14 provides that a redevelopment commission of a city may pledge certain incremental property taxes to pay, in whole or in part, amounts due on the Series 2017 Bonds; and WHEREAS, the Redevelopment Commission has by resolution irrevocably pledged TIF Revenues (as hereinafter defined) to the Issuer, to the payment of principal on the Series 2017 Bonds; and WHEREAS, the Issuer seeks to induce the Developer to complete the redevelopment and renovation of the Bond Project as contemplated in the Plan by making the payment on the principal on the Bonds from TIF Revenues pledged by the Redevelopment Commission for such purpose in the aggregate amount of $3,500,000 which pledge is to be considered as a non- shareholder contribution to the Developer under Internal Revenue Code ("Code") Section 118; and WHEREAS, pursuant to the Financing Agreement and this Indenture, principal on the Series 2017 Bonds are payable solely and only out of: (i) TIF Revenues; and (ii) Bond proceeds and proceeds of insurance; and WHEREAS, the Series 2017 Bonds and the Trustee's certificate of authentication to be endorsed thereon are all to be in substantially the following forms, and any Additional Bonds and Trustee's certificate of authentication are also to be in substantially the following forms (except as to redemption, sinking fund and other provisions peculiar to such Additional Bonds), with necessary and appropriate variations, omissions and insertions as permitted or required by this Indenture,to-wit: Form of Series 2017 Bond) No. R-_ UNITED STATES OF AMERICA STATE OF INDIANA COUNTY OF ST. JOSEPH CITY OF SOUTH BEND, INDIANA TAXABLE ECONOMIC DEVELOPMENT REVENUE BOND, SERIES 2017 STUDEBAKER PROJECT) INTEREST MATURITY ORIGINAL AUTHENTICATION RATE DATE] DATE DATE REGISTERED OWNER: REGIONAL DEVELOPMENT AUTHORITY OF NORTHERN INDIANA PRINCIPAL AMOUNT: THREE MILLION FIVE HUNDRED THOUSAND DOLLARS 3,500,000) 2 - I\11860514.2 TheCity of South Bend, Indiana ("Issuer"), a municipal corporation duly organized and existing under the laws of the State of Indiana, for value received, hereby promises to pay in lawful money of the United States of America to the Registered Owner listed above, but solely from TIF Revenues (as defined in the hereinafter defined Indenture), pledged and assigned for the payment hereof, up to the Principal Amount set forth above, or of so much of the Principal Amount as shall havebeen advanced to the Developer (as defined below) and remains outstanding, quarterly on January 1, April 1, July 1 and September 1 on the dates and in the amounts as set forth on Exhibit A attached hereto, unless this Series 2017 Bond (as hereinafter defined) shall have previously been called for redemption and payment of the redemption price made or provided for herein. RDistrict Two LLC ("Developer") promises to pay interest on the unpaid principal amount hereof at the interest rate per annum stated above from the interest payment date to which interest has been paid next preceding the date of authentication of this bond unless this bond is authenticated after the seventh day preceding an interest payment date and on or before such interest payment date, in which case it shall bear interest from such interest payment date, or unless this bond is authenticated on or before 20_, in which case it shall bear interest from the Original Date, until the principal advanced is paid in full, which interest is payable quarterly on January 1, April 1, July 1 and September 1 of each year, beginning on 1, 20_. Interest shall be calculated on an average daily balance basis. The schedule of advances made is shown on Exhibit A. Interest on this Series 2017 Bond is payable by check mailed one business day prior to the interest payment date to the person in whose name this bond is registered on the seventh day preceding such interest payment date. The principal of this Series 2017 Bonds is payable at the corporate trust offices of 1st Source Bank, as Trustee, in the City of South Bend, Indiana, or at the principal office of any successor trustee or paying agent. No presentation of this bond is required for such payments made to the Registered Owner except that upon final payment, this bond shall be returned to the Paying Agent for destruction. Ifthe payment date occurs on a date when financial institutions are not open for business, the wire transfer shall be made on the next succeeding business day. This Series 2017 Bond is the only one of an authorized issue of bonds of the Issuer designated as the Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project) (hereinbefore and hereinafter the "Series 2017 Bonds") which are being issued under the Indenture in the aggregate principal amount of$3,500,000. The Series 2017 Bonds are being issued for the purpose of providing funds to finance a portion of the costs of the reskinning and restoration of Building 84 and other related improvements and expenses, if any, of the hereinafter defined Studebaker Facilities ("Bond Project"), in connection with the remediation and rehabilitation of the former Studebaker manufacturing facilities ("Studebaker Facilities"), in or physically connected to the River West Development Area. The Series 2017 Bonds are issued under and entitled to the security of a Trust Indenture dated as of June 1, 2017 ("Indenture") duly executed and delivered by the Issuer to 1 st Source Bank, South Bend, Indiana, as Trustee (the term "Trustee" where used herein referring to the Trustee or its successors), pursuant to which Indenture the TIF Revenues, and all rights of the Issuer under the Indenture and the Financing and Covenant Agreement, dated as of June 1, 2017, between the Developer and the Issuer ("Financing Agreement"), except certain rights to payment 3 - I\11860514.2 for expenses, indemnity rights and rights to perform certain discretionary acts as set forth in the Financing Agreement, are pledged and assigned by the Issuer to the Trustee as security for the Series 2017 Bonds. THE OWNER OF THIS BOND, BY ACCEPTANCE OF THIS SERIES 2017 BOND, HEREBY AGREES TO ALL OF THE TERMS AND PROVISIONS IN THE INDENTURE AND THIS SERIES 2017 BOND AND ACKNOWLEDGES THAT: 1. It is a sophisticated investor and is familiar with securities such as the Bonds. 2. It is familiar with the Issuer; it has received such information concerning the Issuer, the Series 2017 Bonds and the TIF Revenues as it deems to be necessary in connection with investment in the Series 2017 Bonds. It has received, read and had an opportunity to comment upon and has consented to the provisions of the Indenture, the Series 2017 Bonds and theFinancing Agreement. Prior to the purchase of the Series 2017 Bonds, it has been provided with the opportunity to ask questions of and receive answers from the representatives of the Issuer concerning the terms and conditions of the Series 2017 Bonds, the tax status ofthe Series 2017 Bonds, legal opinions and enforceability of remedies, the security therefor, and property tax reform, and to obtain any additional information needed in order to verify the accuracy of the information obtained to the extent that the Issuer possesses such information or can acquire it without unreasonable effort or expense. We are not relying on Ice Miller LLP for information concerning the financial status of the Issuer or the ability of the Issuer to honor its financial obligations or other covenants under the Series 2017 Bonds, the Indenture or the Financing Agreement. 3. It is acquiring the Series 2017 Bonds for its own account with no present intent to resell; and will not sell, convey, pledge or otherwise transfer the Series 2017 Bonds without prior compliance with applicable registration and disclosure requirements of state and federal securities law. 4. Ithas investigatedthe security for the Series 2017 Bonds, including the availability of TIF Revenues, to its satisfaction, and it understands that principal on the Series 2017 Bonds is payablesolely from TIF Revenues. It further understands that the Issuer does not have the power or the authority to levy a tax to pay the principal of or interest on the Series 2017 Bonds. 5. It understands that under current law the Issuer's collection of the TIF Revenues may be limited by operation of IC 6-1.1-20.6, which provides taxpayers with a tax credit for all property taxes attributable to difference classes of property in an amount that exceeds certain percentages of the gross assessed value of that property. It understands that the Issuer may not levy a property tax or borrow money to make up any shortfall due to the application of this tax credit. 6. It recognizes that: (a) the opinions it has received express the professional judgment of the attorneys participating in the transaction as to the legal issues addressed herein; b) by rendering such opinions, the attorneys do not become insurers or guarantors of (i) that expression of professional judgment; (ii) the transaction opined upon; or ( iii) the future performance of parties to such transaction; and (c) the rendering of the opinions does not guarantee the outcome of any legal dispute that may arise out ofthe transaction. 4 - I\11860514.2 7. It understands that the Issuer has no continuing disclosure obligation on the Series 2017 Bonds. 8. It understands that interest on the Series 2017 Bonds is taxable for federal income tax purposes. It is provided in the Indenture that the Issuer may hereafter issue Additional Bonds (as defined in the Indenture) from time to time under certain terms and conditions contained therein. Such Additional Bonds and the Series 2017 Bonds are hereinafter collectively referred to as the Bonds.") Reference is made to the Indenture and to all indentures supplemental thereto and to the Financing Agreement for a description of the nature and extent of the security, the rights, duties and obligations of the Issuer and the Trustee, the rights of the holders of the Bonds, the issuance of Additional Bonds and the terms on which the Bonds are or may be issued and secured, and to all the provisions of which the holder hereof by the acceptance of this Series 2017 Bond assents. The Series 2017 Bonds are issuable in registered form in the minimum denomination of 100,000 and integral multiples of$1,000 thereafter. This Series 2017 Bond is transferable by the registered holder hereof in person or by its attorney duly authorized in writing at the principal office of the Trustee, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture and upon surrender and cancellation of this Series 2017 Bond. Upon such transfer a new registered Bond will be issued to the transferee in exchange therefor. The Issuer, the Trustee and the Paying Agent may deem and treat the Registered Owner hereof as the absolute owner hereof for the purpose of receiving payment of or on account of principal hereof and premium, if any, and interest due hereon and for all other purposes and neither the Issuer nor the Trustee nor the Paying Agent shall be affected by any notice to the contrary. If sufficient funds are on deposit in the Bond Fund pursuant to Section 5.1(a) of the Indenture, the Series 2017 Bonds shall be subject to redemption prior to maturity at the option of the Issuer on any date, upon seven (7) days' written notice, in whole or in part, in such order of maturity as the Issuer shall direct and by lot within maturities on any date, from any moneys made available for that purpose, at face value, with no premium, plus in each case accrued interest to the date fixed for redemption. If any of the Series 2017 Bonds are called for redemption as aforesaid, notice thereof identifying the Series 2017 Bonds to be redeemed will be given by mailing a copy of the redemption notice by first class mail not less than seven (7) days prior to the date fixed for redemption to the Registered Owner of the Series 2017 Bonds to be redeemed at the address shown on the registration books; provided, however, that failure to give such notice by mailing, or any defect therein with respect to any registered Series 2017 Bond, shall not affect the validity ofany proceedings for the redemption of other Series 2017 Bonds. All Series 2017 Bonds so called for redemption will cease to bear interest on the specified redemption date, provided funds for their redemption are on deposit at the place of 5 - I\11860514.2 payment at that time, and shall no longer be protected by the Indenture and shall not be deemed to be outstanding under the provisions ofthe Indenture. This Series 2017 Bond is transferable by the Registered Owner hereof at the principal corporate trust office of the Trustee upon surrender and cancellation of this Series 2017 Bond and on presentation of a duly executed written instrument of transfer and thereupon a new Series 2017 Bond or Series 2017 Bonds of the same aggregate principal amount and maturity and in authorized denominations will be issued to the transferee or transferees in exchange therefor, subject to all of the terms herein. The Series 2017 Bonds, and the interest payable thereon, do not and shall not represent or constitute a debt of the Issuer within the meaning of the provisions of the constitution or statutes of the State of Indiana or a pledge of the faith and credit of the Issuer. The Series 2017 Bonds, as to both principal and interest, are not an obligation or liability of the State of Indiana, or of any political subdivision or taxing authority thereof, but are a special limited obligation of the Issuer and payable solely and only from the trust estate consisting of funds and accounts held under the Indenture, TIF Revenues with respect to the payment of the principal thereof, pledged and assigned for their payment in accordance with the Indenture ("Trust Estate"). Neither the faith and credit nor the taxing power of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof is pledged to the payment of the principal of, or premium, if any, on this Series 2017 Bond. The Series 2017 Bonds do not grant the owners or holders thereof any right to have the Issuer, the State of Indiana or its General Assembly, or any political subdivision or taxing authority of the State of Indiana, levy any taxes or appropriate any funds for the payment of the principal of, or premium, if any, or the interest on this Series 2017 Bonds. The Series 2017 Bonds do not grant the owners or holders thereof any right to have the Issuer, the State of Indiana or its General Assembly, or any political subdivision or taxing authority of the State of Indiana, levy any taxes or appropriate any funds for the payment of the principal of, or premium, if any, or interest on the Series 2017 Bonds. No covenant or agreement contained in the Series 2017 Bonds or the Indenture shall be deemed to be a covenant or agreement of the Redevelopment Commission, the South Bend Economic Development Commission Commission"), the Issuer or of any member, director, officer, agent, attorney or employee of the Redevelopment Commission, the Commission or the Issuer in his or her individual capacity, and neither the Redevelopment Commission, the Commission, the Issuer nor any member, director, officer, agent, attorney or employee of the Redevelopment Commission, the Commission or the Issuer executing the Series 2017 Bonds shall be liable personally on the Series 2017 Bonds or be subject to any personal liability or accountability by reason of the issuance of the Series 2017 Bonds. The holder of this Series 2017 Bond shall have no right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any event of default under the Indenture, or to institute, appear in or defend any suit or other proceedings with respect thereto, except as provided in the Indenture. In certain events, on the conditions, in the manner and with the effect set forth in the Indenture, the principal of all the Bonds issued under the Indenture and then outstanding may become or may be declared due and payable before the stated maturity thereof, together with interest accrued thereon. Modifications or alterations of the Indenture, or of any supplements thereto, may be made to the extent and in 6 - I\11860514.2 the circumstances permitted by the Indenture. The Issuer's obligation to pay TIF Revenues shall not be subject to acceleration. It is hereby certified that all conditions, acts and things required to exist, happen and be performed under the laws of the State of Indiana and under the Indenture precedent to and in the issuance of this Series 2017 Bond, exist, have happened and have been performed, and that the issuance, authentication and delivery of this Series 2017 Bond have been duly authorized by the Issuer. This Series 2017 Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Indenture until the certificate of authentication hereon shall have been duly executed by the Trustee. IN WITNESS WHEREOF, the City of South Bend, Indiana, has caused this Series 2017 Bond to be executed in its name and on its behalf by the manual or facsimile signature of its Mayor, countersigned by the Controller, and its corporate seal to be hereunto affixed manually or by facsimile and attested to by the manual or facsimile signature of its Clerk all as of 2017. CITY OF SOUTH BEND, INDIANA Mayor COUNTERSIGNED Controller Seal Attest: Clerk RDISTRICT TWO, LLC an Indiana limited liability company Manager 7 - I\11860514.2 FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION) This Series 2017 Bond is the only one of the Series 2017 Bonds described in the within mentioned Indenture. 1sT SOURCE BANK, Trustee By: Authorized Officer ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto Please Print or Typewrite Name and Address) the within Series 2017 Bond and all rights, title and interest thereon, and hereby irrevocably constitutes and appoints attorney to transfer the within Series 2017 Bond on the books kept for registration thereof, with full power of substitution in the premises. Dated: SIGNATURE GUARANTEED: NOTICE: Signature(s) must be guaranteed by NOTICE: The signature to this assignment an eligible guarantor institution participating must correspond with the name of the in a Securities Transfer Association registered owner as it appears upon the face recognized signature guarantee program. of the within Series 2017 Bond in every particular, without alteration or enlargement or any change whatever. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: UNIF TRAN MIN ACT-- Custodian Cust) Minor) under Uniform Transfers to Minors Act State) TEN COM -- as tenants in common 8 - I\11860514.2 JT TEN -- as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. EXHIBIT A] Schedule of Advances] End of Bond Form) NOW, THEREFORE, THIS INDENTURE WITNESSETH: That in order to secure the payment of the principal of and premium, if any, and interest on the Bonds to be issued under this Indenture according to their tenor, purport and effect, and in order to secure the performance and observance of all the covenants and conditions herein and in the Bonds contained, and in order to declare the terms and conditions upon which the Bonds are issued, authenticated, delivered, secured and accepted by all persons who shall from time to time be or become holders thereof, and for and in consideration of the mutual covenants herein contained, of the acceptance by the Trustee of the trust hereby created, and of the purchase and acceptance of the Bonds by the holders or obligees thereof, the Issuer has executed and delivered this Indenture, and by these presents does hereby convey, grant, assign, pledge and grant a security interest in, unto the Trustee, its successor or successors and its or their assigns forever, with power of sale, all and singular,the property hereinafter described("Trust Estate"): GRANTING CLAUSE All right, title and interest of the Issuer in and to the TIF Revenues with respect to the payment of the principal on the Bonds (such pledge to be effective as set forth in IC 5-1-14-4 and IC 36-7-14-39 without filing or recording of this Indenture or any other instrument), the Financing Agreement (except the rights reserved to the Issuer) and all moneys and the Qualified Investments held by the Trustee from time to time in the Funds and Accounts created hereunder; TO HAVE AND TO HOLD the same unto the Trustee, and its successor or successors and its or their assigns forever; IN TRUST, NEVERTHELESS, upon the terms and trusts herein set forth, to secure the payment of the Bonds to be issued hereunder, and premium, if any, payable upon redemption or prepayment thereof, and the interest payable thereon, and to secure also the observance and performance of all the terms, provisions, covenants and conditions of this Indenture, and for the benefit and security of all and singular the holders of all Bonds issued hereunder, and it is hereby mutually covenanted and agreed that the terms and conditions upon which the Bonds are to be issued, authenticated, delivered, secured and accepted by all persons who shall from time to time be or become the holders thereof, and the trusts and conditions upon which the pledged moneys and revenues are to be held and disbursed, are as follows: 9 - I\11860514.2 ARTICLE 1. DEFINITIONS Section 1.1. Terms Defined. In addition to the words and terms elsewhere defined in this Indenture, the following words and terms as used in this Indenture shall have the following meanings unless the context or use indicates another or different meaning or intent: Additional Bonds" shall have the meaning assigned in Section 2.8 ofthis Indenture. Allocation Area" means the River West Development Area Allocation Area No. 1. Area" means the River West Development Area. Authorized Representative" means, as to the Developer, any officer of the Developer or any other person certified by an officer of the Developer to be such and as to the Issuer means and as to the Bond Purchaser means Bond Project" means the reskinning and restoration of Building 84 and other related improvements and expenses, if any, in connection with the remediation and rehabilitation of the former Studebaker manufacturing facilities that are in or physically connected to the Area. Bond Purchaser" means Regional Development Authority ofNorthern Indiana. Bond Purchase Agreement" means the Bond Purchase Agreement, dated 2017,between the Issuer and the Bond Purchaser. Bonds" means any Bonds issued pursuant to this Indenture, including the Series 2017 Bonds. BusinessDay" shall mean any day other than (i) a Saturday or Sunday, ( ii) a day on which commercial banks in New York, New York, or the city or cities in which the corporate trust office ofthe Trustee or the Tender Agent are authorized or required by law to close or(iii)a day on which the New York Stock Exchange or the federal reserve payment system is closed. Construction Fund" shall mean the Construction Fund established in Section 4.3 herein. Costs of Construction" means the categorical costs ofproviding for an "economic development project" as defined and set forth in the Act: i) all costs and expenses which Issuer or Developer shall be required to pay, under the terms of any contract or contracts (including the architectural and engineering, development, and legal services with respect thereto), for materials, equipment and the construction of the Bond Project; and ii) any sums required to reimburse Issuer or Developer for advances made by either of them subsequent to the date of inducement by the Issuer for any of the above 10 - I\11860514.2 items or for any other costs incurred and for work done by either of them which are properly chargeable to the Bond Project; and Developer" means RDistrict Two LLC, a limited liability company. Event of Default" means those events of default specified in and defined by Section 7.1 hereof. Fiscal Year" shall mean a period of twelve consecutive months constituting the fiscal year ofthe Developer commencing on the first day of January of any year and ending on the last day of December of such year, both inclusive, or such other period as hereafter may be established from time to time for budgeting and accounting purposes by the Developer or by the governing body of any successor entity to the Developer. Indenture" means this instrument as originally executed or as it may from time to time be amended or supplemented pursuant to Article IX. Interest Payment Date" on the Bonds means each January 1, April 1, July 1 and September1, commencing 1, 20—. Issuer" means City of South Bend, Indiana, a municipality organized and validly existing under the laws ofthe State of Indiana. Financing Agreement" means the Financing Agreement, dated as of June 1, 2017, between the Developer and the Issuer and all amendments and supplements thereto. Opinion of Counsel" shall mean an opinion in writing signed b legal counsel who mayp p g g Y g Y e be an employee of or counsel to the Developer and who shall b satisfactory to the Trustee in its reasonable discretion. Outstanding" or "Bonds outstanding" means all Bonds which have been duly authenticated, and delivered by the Trustee under this Indenture, except: a) Bonds canceled after purchase in the open market or because of payment at or redemption prior to maturity; b) Bonds for the redemption of which cash or investments (but only to the extent that the full faith and credit of the United States of America are pledged to the timely payment thereof) shall have been theretofore deposited with the Trustee (whether upon or prior to the maturity or redemption date of any such Bonds); provided that if such Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given or arrangements satisfactory to the Trustee shall have been made therefor, or waiver of such notice satisfactory in form to the Trustee, shall have been filed with the Trustee; and c) Bonds in lieu of which others have been authenticated under Section 2.9. Paying Agent" means 1 st Source Bank and any successor paying agent or co-paying agent. 11 - I\11860514. 2 Qualified Investments" shall have the meaning assigned in the Financing Agreement. Record Date" means the fifteenth day preceding any Interest Payment Date. Redevelopment Commission" means the South Bend Redevelopment Commission. Requisite Bondholders" means the holders of 66 2/3% in aggregate principal amount of Bonds. Series 2017 Bonds" means City of South Bend, Indiana Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project) in the aggregate principal amount of$3,500,000. Tax Increment" means all property taxes generated from the incremental assessed value of real and depreciable personal property tax proceeds of designated taxpayers located in the Allocation Area. TIF Pledge Resolution" means the resolution of the Redevelopment Commission adopted on May 25, 2017,pledging TIF Revenues to the Issuer. TIF Revenues" means $3,500,000 of Tax Increment funds on hand generated in the Allocation Area and currently held in the Allocation Fund (as described in the TIF Pledge Resolution), which moneys are to be separated from all other moneys in said Fund as of the day of closing and pledged to the Issuer for payment of the Bonds pursuant to the TIF Pledge Resolution. Trust Estate" means the funds and accounts, TIF Revenues and other assets described in the Granting Clause of this Indenture. Trustee" means 1st Source Bank, South Bend, Indiana the party of the second part hereto, and any successor trustee or co-trustee. Trustee Fees" means the acceptance fee and annual fees of the Trustee. Section 1.2. Rules of Interpretation. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: a) " This Indenture" means this instrument as originally executed and as it may from time to time be supplemented or amended pursuant to the applicable provisions hereof. b) All references in this instrument to designated "Articles," "Sections" and other subdivisions are to the designated Articles, Sections and other subdivisions of this instrument as originally executed. The words "herein," "hereof' and "hereunder" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. c) The terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular and the singular as well as the plural. 12 - I\11860514.2 d) All accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles as consistently applied. e) Any terms not defined herein but defined in the Financing Agreement shall have the same meaning herein. f) The terms defined elsewhere in this Indenture shall have the meanings therein prescribed for them. End of Article I) 13 - I\11860514.2 ARTICLE II. THE BONDS Section 2.1. Authorized Amount of Series 2017 Bonds. No Bonds may be issued under the provisions of this Indenture except in accordance with this Article. The principal amount of the Series 2017 Bonds (other than Bonds issued in substitution therefor pursuant to Section 2.9 hereof) that may be issued is hereby expressly limited to $ 3,500,000. Additional Bonds may be issued as provided in Section 2.8 hereof. Section 2.2. Issuance of Series 2017 Bonds. The Series 2017 Bonds shall be designated City of South Bend, Indiana Taxable Economic Development Revenue Bonds, Series 2017 Studebaker Project)." The Series 2017 Bonds shall be originally issuable as fully registered Series 2017 Bonds in minimum denominations of $100,000 andany $1,000 integral multiples thereafter and shall be lettered and numbered R-1 and upward. Interest on the Series 2017 Bonds shall be paid to the owners of such Series 2017 Bonds determined as of the close of business of the Record Date next preceding each Interest Payment Date at the registered addresses of such owners as they shall appear on the registration books of the Trustee notwithstanding the cancellation of any such Series 2017 Bonds upon any exchange or transfer thereof subsequent to the Record Date and prior to such Interest Payment Date, except that, if and to the extent that there shall be a default in the payment of the interest due on such interest payment date, such defaulted interest shall be paid to the owners in whose name any such Series 2017 Bonds (or any Series 2017 Bond issued upon transfer or exchange thereof) are registered at the close of business of the Record Date next preceding the date of payment of such defaulted interest. Payment of interest to all Bondholders shall be by check drawn on the main office of the Paying Agent and mailed to such Bondholder one business day prior to each Interest Payment Date. The Series 2017 Bonds shall be dated as of the date of their delivery and shall accrue interest on each advance from the date of that advance. Interest shall be computed on the basis of a 360 day year consisting of twelve 30-day months. The interest on the Series 2017 Bonds shall be payable quarterly on each January 1, April 1, July 1 and September 1, commencing on 1, 20 Proceeds of the Series 2017 Bonds shall be advanced from time to time as provided in Section 4.3 The Series 2017 Bonds shall bear interest from the Interest Payment Date next preceding the date of authentication thereof, unless such date of authentication shall be subsequent to a Record Date in which case they shall bear interest from the Interest Payment Date with respect to such Record Date, provided, however that if, as shown by the records of the Trustee, interest on the Series 2017 Bonds shall be in default, Series 2017 Bonds issued in exchange for Series 2017 Bonds surrendered for transfer or exchange shall bear interest from the date to which interest has been paid in full on the Series 2017 Bonds or, if no interest has been paid on the Series 2017 Bonds, from the date of issuance and delivery of the Series 2017 Bonds. The Series 2017 Bonds authenticated on or prior to 20_ shall bear interest from the date of delivery of the Series 2017 Bonds. The Series 2017 Bonds shall mature on July 1, 2018. 14 - I\11860514.2 Section 2.3. Payment on Bonds. The principal of and interest on the Bonds shall be payable in any coin or currency of the United States of America which, at the respective dates of payment thereof, is legal tender for the payment of public and private debts. The final payments on the Series 2017 Bonds shall be payable at the corporate trust office of the Trustee, in South Bend, Indiana. All other payments on the Series 2017 Bonds shall be made to the person appearing on the Bond registration books of the Trustee as the registered owner of the Series 2017 Bonds by check mailed to the Registered Owner thereof as shown on the registration books of the Trustee. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Section 2.4. Execution; Limited Obligation. The Series 2017 Bonds shall be executed on behalf of the Issuer with the manual or facsimile signature of its Mayor, countersigned by the manual or facsimile signature of the Controller, and attested with the manual or the facsimile signature of its Clerk and shall have impressed or printed thereon the corporate seal of the Issuer. Such facsimiles shall have the same force and effect as if such officer had manually signed each of the Series 2017 Bonds. If any officer whose signature or facsimile signature shall appear on the Series 2017 Bonds shall cease to be such officer before the delivery of such Bonds, such signature or such facsimile shall, nevertheless, be valid and sufficient for all purposes, the same as ifhe had remained in office until delivery. The Series 2017 Bonds shall also be executed on behalf of the Developer with the manual or facsimile signature of its manager. The Series 2017 Bonds do not and shall not represent or constitute a debt of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof within the meaning of the provisions of the constitution or statutes of the State of Indiana or a pledge of the faith and credit of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof. The Series 2017 Bonds are not an obligation or liability of the State of Indiana, or of any political subdivision or taxing authority thereof, but are a special limited obligation of the Issuer and are payable solely and only from the trust estate consisting of funds and accounts held under the Indenture and TIF Revenues with respect to the principal thereof pledged and assigned for their payment in accordance with the Indenture ("Trust Estate"). Neither the faith and credit nor the taxing power of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof is pledged to the payment of the principal of, or premium, if any, and interest due on the Series 2017 Bond. The Series 2017 Bonds do not grant the owners or holders thereof any right to have the Issuer, the State of Indiana or its General Assembly, or any political subdivision or taxing authority of the State of Indiana, levy any taxes or appropriate any funds for the payment of the principal of, or premium, if any, and interest due on the Series 2017 Bonds. No covenant or agreement contained in the Series 2017 Bonds or the Indenture shall be deemed to be a covenant or agreement of the Redevelopment Commission, the South Bend Economic Development Commission ("Commission"), the Issuer or of any member, director, officer, agent, attorney or employee of the Redevelopment Commission, the Commission or the Issuer in his or her individual capacity, and neither the Redevelopment Commission, the Commission, the Issuer nor any member, director, officer, agent, attorney or employee of the Redevelopment Commission, the Commission or the Issuer executing the Series 2017 Bonds shall be liable personally on the Series 2017 Bonds or be subject to any personal liability or accountability by reason ofthe issuance ofthe Series 2017 Bonds. 15 - I\11860514. 2 Section 2.5. Authentication. No Series 2017 Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Indenture unless and until the certificate of authentication on such Series 2017 Bond substantially in the form hereinabove set forth shall have been duly executed by the Trustee, and such executed certificate of the Trustee upon any such Bond shall be conclusive evidence that such Series 2017 Bond has been authenticated and delivered under this Indenture. The Trustee's certificate of authentication on any Series 2017 Bond shall be deemed to have been executed by it if signed by an authorized officer of the Trustee, but it shall not be necessary that the same officer sign the certificate of authentication on all of the Series 2017 Bonds issued hereunder. Section 2.6. Form of Bonds. The Bonds issued under this Indenture shall be substantially in the form hereinabove set forth with such appropriate variations, omissions and insertions as are permitted or required by this Indenture or deemed necessary by the Trustee. Section 2.7. Delivery of Series 2017 Bonds. Upon the execution and delivery of this Indenture, the Issuer shall execute and deliver to the Trustee the Series 2017 Bonds in the aggregate principal amount of $3,500,000. The Trustee shall authenticate such Bonds and deliver them to the purchasers thereof upon receipt of- i) A copy, duly certified by the Clerk of the Issuer, of the ordinance adopted and approved by the Issuer authorizing the execution and delivery of the Financing Agreement and this Indenture and the issuance of the Series 2017 Bonds. ii) A copy, duly certified by the Secretary of the Redevelopment Commission, of the resolution adopted and approved by the Redevelopment Commission pledging the TIF Revenues to the payment of the Series 2017 Bonds. iii) Executed counterparts of the Financing Agreement and Indenture. iv) A written request of the Issuer to the Trustee requesting the Trustee to authenticate, or cause to be authenticated, and deliver the Series 2017 Bonds in the principal amount of$3,500,000,to the purchasers thereof. v) Such other documents as shall be required by the bond counsel. The proceeds of the Series 2017 Bonds shall be paid over to the Trustee and deposited to the credit of various Funds as hereinafter provided under Section 3.1 hereof. Section 2.8. Issuance of Additional Bonds. One or more series of Bonds in addition to the Series 2017 Bonds ("Additional Bonds"), may be authenticated and delivered from time to time for one or more of the purposes of (i) refunding entirely one or more series of Bonds outstanding hereunder, if such Bonds may otherwise be refunded, ( ii) advance refunding entirely one or more series of Bonds outstanding hereunder, regardless of whether such Bonds may otherwise be refunded, if the same is then permitted by law by depositing with the Trustee, in trust for the sole benefit of such series of Bonds, cash or investments (but only to the extent that the full faith and credit of the United States of America are pledged to the timely payment 16 - 1\11860514.2 thereof) in a principal amount which will, together with the income or increment to accrue thereon, be sufficient to pay and redeem (when redeemable) and discharge such series of Bonds at or before their respective maturity dates, and (iii) financing the cost or estimated cost of completing the Bond Project or of acquiring and/or constructing additional improvements to the Bond Project, and, in each case, obtaining additional funds to pay the costs to be incurred in connection with the issuance of such Additional Bonds, to establish reserves with respect thereto and to pay interest during the estimated construction period of completing the additional improvements, if any. Prior to the delivery by the Issuer of any such Additional Bonds there shall be filed with the Trustee: i) A supplement to this Indenture executed by the Issuer and the Trustee authorizing the issuance of such Additional Bonds, specifying the terms thereof, and providing for the disposition of the proceeds of the sale thereof. ii) The supplement or amendment to the Financing Agreement and the other instruments, documents, certificates, and opinions referred to in Article IX of this Indenture. iii) A copy, duly certified by the Clerk of the Issuer, of the Bond Ordinance theretofore adopted and approved by the Issuer authorizing the execution and delivery of such supplemental indenture and such supplement to the Financing Agreement and the issuance of such Additional Bonds. iv) A written request of the Issuer to the Trustee to authenticate and deliver such Additional Bonds. v) Additional Bonds payable from TIF Revenues, the requirements for such additional obligations contained in the resolution or ordinance pledging the TIF Revenues shall have been met. Any Additional Bonds issued in accordance with the terms of this Section 2.8 shall be secured by this Indenture, but such Additional Bonds may bear such date or dates, such interest rate or rates, and with such maturities, redemption dates and premiums as may be agreed upon by the Issuer, at the direction of the Developer, and the purchaser of such Additional Bonds. Section 2.9. Mutilated Lost Stolen, or Destroyed Bonds. If any Series 2017 Bond is mutilated, lost, stolen or destroyed, the Issuer may execute and the Trustee may authenticate a new Series 2017 Bond of like date, maturity and denomination as that mutilated, lost, stolen or destroyed; provided that, in the case of any mutilated Series 2017 Bond, such mutilated Series 2017 Bond shall first be surrendered to the Issuer, and in the case of any lost, stolen or destroyed Series 2017 Bond, there shall be first furnished to the Trustee evidence of such loss, theft or destruction satisfactory to the Trustee,together with indemnity satisfactory to it. If any such Series 2017 Bond shall have matured, instead of issuing a duplicate Series 2017 Bond the Issuer may pay the same without surrender thereof; provided, however, that in the 17 - I\11860514.2 case of a lost, stolen or destroyed Series 2017 Bond, there shall be first furnished to the Trustee evidence of such loss, theft or destruction satisfactory to the Trustee, together with indemnity satisfactory to it. The Trustee may charge the holder or owner of such Series 2017 Bond with their reasonable fees and expenses in this connection (including reasonable attorney's fees, costs and expenses, if any). Any Series 2017 Bond issued pursuant to this Section 2.9 shall be deemed part of the original series of Series 2017 Bonds in respect of which it was issued and an original additional contractual obligation of the Issuer. Section 2.10. Registration and Exchange of Series 2017 Bonds; Persons Treated as Owners. The Issuer shall cause books for the registration and for the transfer of the Series 2017 Bonds as provided in this Indenture to be kept by the Trustee which is hereby constituted and appointed the registrar of the Issuer. Upon surrender for transfer of any fully registered Series 2017 Bond at the principal office of the Trustee, duly endorsed by, or accompanied by a written instrument or instruments oftransfer in form satisfactory to the Trustee and duly executed by the registered owner or his attorney duly authorized in writing, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new fully registered Series 2017 Bond or Series 2017 Bonds of the same series and the same maturity for a like aggregate principal amount. The execution by the Issuer of any fully registered Series 2017 Bond without coupons of any denomination shall constitute full and due authorization of such denomination, and the Trustee shall thereby be authorized to authenticate and deliver such registered Series 2017 Bond. The Trustee shall not be required to transfer or exchange any fully registered Series 2017 Bond during the period between the Record Date and any interest payment date of such Series 2017 Bond, nor to transfer or exchange any Series 2017 Bond after the mailing of notice calling such Bond for redemption has been made, nor during a period of fifteen(15) days next preceding mailing of a notice of redemption ofany Bonds. As to any fully registered Series 2017 Bond, the person in whose name the same shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of principal or interest thereon, shall be made only to or upon the order of the registered owner thereof or its legal representative, but such registration may be changed as hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. End of Article II) 18 - I\11860514.2 ARTICLE III. APPLICATION OF SERIES 2017 BOND PROCEEDS Section 3.1. Deposit of Funds. The Issuer shall deposit with the Trustee in the Construction Fund all proceeds from the sale of the Series 2017 Bonds on the date of each advance. The initial deposit is $ End of Article III) 19 - I\11860514.2 ARTICLE IV. REVENUE AND FUNDS Section 4.1. Source of Payment of Bonds. The Bonds herein authorized and all payments to be made by the Issuer hereunder are not general obligations of the Issuer but are limited obligations payable solely from the Trust Estate as authorized by the Act and as provided herein. No covenant or agreement contained in the Bonds or this Indenture shall be deemed to be a covenant or agreement of the Issuer or of any member, director, officer, agent, attorney or employee of the Issuer in his or her individual capacity, and neither the Issuer nor any member, director, officer, agent, attorney, or employee of the Issuer executing the Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance of the Bonds. Section 4.2. Bond Fund. The Trustee shall establish and maintain, so long as any of the Bonds areoutstanding, a separate fund to be known as the "Bond Fund." Money in the Bond Fund shall be applied as provided in this Section 4.2. There shall be deposited in the Bond Fund, as and when received by the Trustee: (a) TIF Revenues received as set forth in Section 4.4; ( b) an amount equal to the interest due on the next interest payment date pursuant to Section 4.5; (c) any amount remaining in the Construction Fund to be transferred to the Bond Fund pursuant to the Indenture upon completion of the Bond Project, if any; (d) all interest and other income derived from investments of Bond Fund moneys as provided herein, if any; and (e) all other moneys received by the Trustee under and pursuant to any of the provisions of the Financing Agreement which are required or which are accompanied that such moneys are to be aid into the Bond Fund. The Issuer herebyby written directions y p Y covenants and agrees that so long as any of the Bonds issued hereunder are outstanding it will deposit, or cause to be paid to Trustee for deposit in the Bond Fund for its account, sufficient TIF Revenues promptly to meet and pay the principal due on the Bonds as the same becomes due and payable. Nothing herein should be construed as requiring the Issuer to deposit or cause to be paid to Trustee for deposit in the Bond Fund, funds from any source other than TIF Revenues. The Controller of the Issuer shall account for separately and set aside, on the date of closing of the Series 2017 Bonds, the TIF Revenues pledged and held in the Issuer's Allocation Fund (as created by IC 36-7-14), and transfer the TIF Revenues to the Trustee for the payment of the principal on the Bonds. The Trustee is hereby directed to deposit the TIF Revenues into the Bond Fund in the manner prescribed in this Section 4.2 and in Section 4.4. Moneys in the Bond Fund shall be used by the Trustee to pay principal on and interest of the Bonds as they become due upon each principal and interest payment date, at maturity, upon redemption or upon acceleration. Section 4.3. Construction Fund. The Issuer shall establish with the Trustee a separate fund to be known as the Construction Fund, to the credit of which the deposits are to be made as required by Section 3.1 hereof. 20 - I\11860514. 2 a) On the issue date of the Bonds, the Issuer shall deposit $ in the Construction Fund from the proceeds of the sale of the Bonds. The purchaser of the Series 2017 Bonds shall deposit subsequent advances with the Trustee from time to time as needed and the advances shall be recorded on the Series 2017 Bonds and in the records of the Trustee. b) Moneys on deposit in the Construction Fund shall be paid out from time to time by the Trustee to or upon the order of the Developer in order to pay, or as reimbursement to the Developer for payment made, for the Costs of Construction, upon receipt by the Trustee of an invoice showing the Costs of Construction and to whom payment is owed and a written request signed by the Authorized Representative of the Developer, approved by the Authorized Representatives of the Issuer and the Bond Purchaser: i) stating that the costs of an aggregate amount set forth in such written request have been made or incurred and were necessary for the construction of the Bond Project, and were made or incurred in accordance with the construction contracts, plans and specifications, or purchase contracts therefor then in effect; ii) stating that the amount paid or to be paid, as set forth in such written request, is reasonable and represents a part of the amount payable for the Costs of Construction of the Bond Project all in accordance with the cost budget; and that such payment was not paid in advance of the time, if any, fixed for payment and was made in accordance with the terms of any contracts applicable thereto and in accordance with usual and customary practice under existing conditions; iii) stating that no part of the such costs was included in any written request previously filed with the Trustee under the provisions hereof; iv) stating that such costs are appropriate for the expenditure of proceeds of the Bonds under the Act; and v) stating a recap of vendors and the amount paid and/or to be paid to each and copies of invoices paid and/or to be paid with copies of checks.used for any previously made payment and, if a vendor is an unincorporated entity, the taxpayer identification number for such vendor. For purposes of approval of a written request, the Trustee may rely on the signatures of the Authorized Representatives of the Issuer and the Bond Purchaser. c) Completion Certificate. The Developer shall deliver to the Trustee and the Issuer within fifteen (15) days after the construction of the Bond Project, a written completion certificate: 21 - 1\1 1860514. 2 i) stating that the Bond Project has been constructed and/or acquired, delivered and installed on the Bond Project site and the date of completion; ii) stating that the Developer has made such investigation of such sources of information as are deemed by the Developer to be necessary and is of the opinion that the Bond Project has been fully paid for and that no claim or claims exist against the Developer or the Issuer or against the properties of either out of which a lien based on furnishing labor or material for the Bond Project exists or might ripen; provided, however, there may be excepted from the foregoing statement any claim or claims out of which a lien exists or might ripen in the event that the Developer or the Issuer intends to contest such claim or claims, in which event such claim or claims shall be described; provided, further, however, that it shall be stated that funds are on deposit in the Construction Fund sufficient to make payment of the full amount which might in any event be payable in order to satisfy such claim or claims. If such certificate shall state that there is a claim or claims in controversy which create or might ripen into a lien, there shall be filed with the Issuer and the Trustee a certificate of the Developer or Issuer when and as such claim or claims shall have been fully paid. d) Disposition of Construction Fund Moneys After Completion. If, after payment by the Trustee of all orders theretofore tendered to the Trustee under the provisions of subparagraph a) of this Section 4.3 and after receipt by the Trustee of the completion certificate mentioned in subparagraph (c) of this Section 4.3, there shall remain any balance of moneys in the Construction Fund, the Trustee shall transfer all moneys then in the corresponding account except moneys reserved to pay any disputed claims described in the completion certificate required in Section 4.3(c) hereof) to the Bond Fund. The Trustee, as directed in writing by the Developer, shall use any amount transferred to the Bond Fund from the 2017 Bonds, to redeem the 2017 Bonds pursuant to Section 5.1(b)hereof at the earliest redemption date. Section 4.4. TIF Revenues. ( a) Seven (7) days prior to each January 1, April 1, July 1 and September 1, commencing 1, 20 , the Issuer shall deposit with the Trustee an amount of TIF Revenues sufficient to pay, after taking into account amounts on deposit in the Bond Fund, the principal due on the next quarterly payment date which principal amount due shall equal, but not exceed, the total amount of construction advances made as of the seventh day prior to each quarterly payment date. The Issuer hereby covenants and agrees that so long as any of the Bonds issued hereunder are outstanding, it will transfer to the Trustee for deposit in the Bond Fund, a sufficient amount of TIF Revenues promptly to meet and pay the principal of the Bonds as the same becomes due and payable. Nothing herein should be construed as requiring Issuer to deposit or cause to be paid to Trustee for deposit in the Bond Fund, funds from any source other than the TIF Revenues. Section 4.5. Interest Payments. Seven (7) days prior to each January 1, April 1, July 1 and September 1, the Trustee shall calculate the amount of interest due on the next quarterly payment date and notify the Developer of the amount dueimmediately thereafter. Developer shall pay the amount of the interest due to the Trustee one (1) Business Day prior to the quarterly payment due date. 22 - 1\11860514.2 Section 4.6. Trust Funds. All moneys and securities received by the Trustee under the provisions of this Indenture, shall be trust funds under the terms hereof and shall not be subject to lien or attachment of any creditor of the Issuer or of the Developer. Such moneys shall be held in trust and applied in accordance with the provisions of this Indenture. Section 4.7. Investment. Moneys on deposit in the Funds established in this Article IV hereof shall be invested as provided in Section 6.7 hereof. End of Article IV) 23 - I\11860514.2 ARTICLE V. REDEMPTION OF SERIES 2017 BONDS BEFORE MATURITY Section 5.1. Redemption Dates and Prices. (a) Optional Redemption. The Series 2017 Bonds are subject to optional redemption by the Issuer at the direction of the Developer, prior to maturity on any date, upon seven (7) days' notice, in whole or in part, in such order of maturity as the Issuer shall direct in writing and by lot within maturities, at face value, without premium, plus in each case accrued interest to the date fixed for redemption. b) Mandatory Redemption. If funds are on deposit in the Bond Fund in excess of amounts necessary to pay principal due on the next succeeding payment date, the Issuer shall direct the Trustee in writing to use such amounts on the earliest date possible following such payment date to redeem Series 2017 Bonds, in whole or in part, at 100% of the principal amount thereof without premium. So long as the Series 2017 Bonds are held by the Bond Purchaser, the Series 2017 Bonds do not need to be presented for payment upon mandatory sinking fund redemption. Section 5.2. Notice of Redemption. In the case of redemption of Series 2017 Bonds pursuant to Section 5.1 hereof, notice of the call for any such redemption identifying the Series 2017 Bonds, or portions of fully registered Series 2017 Bonds, to be redeemed shall be given by mailing a copy of the redemption notice by first class mail not less than seven (7) days prior to the date fixed for redemption to the registered Owner of each Series 2017 Bond to be redeemed at the address shown on the registration books. Such notice of redemption shall specify the CUSIP number, if applicable, and, in the event of a partial redemption the Series 2017 Bond numbers and called amounts of each Series 2017 Bond, the redemption date, redemption price, interest rate, maturity date and the name and address of the Trustee and the Paying Agent; provided, however, that failure to give such notice by mailing, or any defect therein, with respect to any such registered Series 2017 Bond shall not affect the validity of any proceedings for the redemption of other Series 2017 Bonds. On and after the redemption date specified in the aforesaid notice, such Series 2017 Bonds, or portions thereof, thus called shall not bear interest, shall no longer be protected by this Indenture and shall not be deemed to be outstanding under the provisions of this Indenture, and the holders thereof shall have the right only to receive the redemption price thereof,plus accrued interest thereon to the date fixed for redemption. Notice of any redemption hereunder required to be given to the Owners with respect to Series 2017 Bonds held under a book entry system shall be given by the Trustee only to the Depository, or its nominee, as the Holder of such Series 2017 Bonds. Section 5.3. Cancellation. All Series 2017 Bonds which have been redeemed in whole shall be canceled and cremated or otherwise destroyed by the Trustee and shall not be reissued and a counterpart of the certificate of cremation or other destruction evidencing such cremation or other destruction shall be furnished by the Trustee to the Issuer and the Developer. 24 - 1111860514.2 Section 5. 4. Redemption Payments. Prior to the date fixed for redemption in whole, funds shall be deposited with Trustee to pay, and Trustee is hereby authorized and directed to apply such funds to the payment of the Series 2017 Bonds or portions thereof called, together with accrued interest thereon to the redemption date. Upon the giving of notice and the deposit of funds for redemption, interest on the Series 2017 Bonds thus called shall no longer accrue after the date fixed for redemption. No payment shall be made by the Paying Agent upon any Series 2017 Bond until such Series 2017 Bond shall have been delivered for payment or cancellation or the Trustee shall have received the items required by Section 2.9 hereof with respect to any mutilated, lost, stolen or destroyed Series 2017 Bond. Section 5.5. Partial Redemption of Bonds. If fewer than all of the Series 2017 Bonds at the time outstanding are to be called for redemption, the maturities of Series 2017 Bonds or portions thereof to be redeemed shall be selected by the Trustee at the written direction of the Developer. If fewer than all of the Series 2017 Bonds within a maturity are to be redeemed, the Trustee shall select by lot (meaning also random selection by computer) in such manner as the Trustee, in its discretion, may determine, the Series 2017 Bonds or portions of Series 2017 Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in accordance with the foregoing provisions as many Series 2017 Bonds or portions thereof as will, asnearly as practicable, exhaust the moneys available therefor. Particular Series 2017 Bonds or portions thereof shall be redeemed in partonly in $1,000 denominations and any integral multiples thereof. If less than the entire principal amount of any registered Series 2017 Bond then outstanding is called for redemption, then upon notice of redemption given as provided in Section 5.2 hereof,the Owner of such registered Series 2017 Bond shall forthwith surrender such Series 2017 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, and (b) a new Series 2017 Bond or Series 2017 Bonds of like series in an aggregate principal amount equal to the unredeemed balance of the principal amount of such registered Series 2017 Bond,which shall be issued without charge therefor. End of Article V) 25 - 1\11860514.2 ARTICLE VI. GENERAL COVENANTS Section 6.1. Payment of Principal. The Issuer covenants that it will promptly pay the principal of every Bond issued under this Indenture at the place, on the dates and in the manner provided herein and in the Bonds according to the true intent and meaning thereof. The principal on the Bonds is payable solely and only from the TIF Revenues which payments are hereby specifically pledged and assigned to the payment thereof in the manner and to the extent herein specified, and nothing in the Bonds or in this Indenture should be considered as pledging any other funds or assets of the Issuer. The Issuer bears no responsibility with respect to the payment of the interest on the Bonds which shall be paid solely by the Developer as set forth in Section 4.5 hereof. The Bonds do not and shall not represent or constitute a debt of the Issuer within the meaning of the provisions of the constitution or statutes of the State of Indiana or a pledge of the faith and credit ofthe Issuer. The Bonds are not an obligation or liability of the State of Indiana, or of any political subdivision or taxing authority thereof, but are a special limited obligation of the Issuer and are payablesolely and only from TIF Revenues. Neither the faith and credit nor the taxing power of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof is pledged to the payment of the principal of, or premium, if any, and interest on the Bonds. The Bonds do not grant the owners or holders thereof any right to have the Issuer, the State of Indiana or its General Assembly, or any political subdivision or taxing authority of the State of Indiana, levy any taxes or appropriate any funds for the payment of the principal of, or premium, if any, and interest on the Bonds. The Issuer has no taxing power with respect to the Bonds. No covenant or agreement contained in the Bonds or this Indenture shall be deemed to be a covenant or agreement ofthe Redevelopment Commission,the Commission,the Issuer or of any member, director, officer, agent, attorney or employee of the Redevelopment Commission, the Commission or the Issuer in his or her individual capacity, and neither the Redevelopment Commission, the Commission, the Issuer nor any member, director, officer, agent, attorney or employee of the Redevelopment Commission, the Commission or the Issuer executing the Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability by reason ofthe issuance of the Bonds. Section 6.2. Performance of Covenants. The Issuer covenants that it will faithfully perform at all times any and all covenants, undertakings, stipulations and provisions contained in this Indenture, in any and every Bond executed, authenticated and delivered hereunder and in all proceedings of its members pertaining thereto. The Issuer represents that it is duly authorized under the constitution and laws of the State of Indiana to issue the Bonds authorized hereby and to execute this Indenture, and to pledge the TIF Revenues in the manner and to the extent herein set forth; that all action on its part for the issuance of the Bonds and the execution and delivery of this Indenture has been duly and effectively taken, and that the Bonds in the hands of the holders and owners thereof are and will be valid and enforceable obligations of the Issuer according to the import thereof, subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws, judicial decisions and principles of equity relating to or affecting creditors' rights generally and subject to the valid exercise of the constitutional powers of the Issuer,the State of Indiana and the United States of America. 26 - I\11860514.2 Section 6.3. Filing of Indenture Financing Agreement and Security Instruments. The Issuer, upon the written direction and at the sole expense of the Developer, shall cause this Indenture, the Financing Agreement and all supplements thereto as well as such other security instruments, financing statements and all supplements thereto and other instruments as may be required from time to time to be filed in such manner and in such places as may be required by law in order to fully preserve and protect the lien hereof and the security of the holders and owners of the Bonds and the rights of the Trustee hereunder. This Section 6.3 shall impose no duty to record or file the instruments noted above where filing or recordation is not required by law in order to perfect a security interest. Continuation of financing statements may be filed without consent of the debtor parties thereto. Section 6.4. Inspection of Books. The Issuer covenants and agrees that all books and documents in its possession relating to the Bond Project and the revenues derived from the Bond Project shall at all times be open to inspection by such accountants or other agents as the Trustee may from time to time designate. Section 6.5. List of Bondholders. The Trustee will keep on file at the principal office of the Trustee a list of names and addresses of the holders of all Bonds. At reasonable times and under reasonable regulations established by the Trustee, said list may be inspected and copied by the Developer or by holders and/or owners (or a designated representative thereof) of 25% or more in principal amount of Bonds then outstanding, such ownership and the authority of any such designated representative to be evidenced to the satisfaction of the Trustee. Section 6.6. Rights Under Financing Agreement. The Issuer agrees that the Trustee in its name or in the name of the Issuer may enforce all rights of the Issuer and all obligations of the Developer under and pursuant to the Financing Agreement for and on behalf of the Bondholders, whether or not the Issuer is in default hereunder. Section 6.7. Investment of Funds. Moneys in the Funds established hereunder may be invested at the written direction of the Issuer in Qualified Investments to the extent and in the manner provided for in Section 3.8 of the Financing Agreement. The Trustee shall not be liable or responsible for any loss resulting from any such investment. The interest accruing thereon and any profit realized from such investments shall be credited, and any loss resulting from such investments shall be charged to the fund in which the money was deposited. Section 6.8. Non-presentment of Bonds. If any Bond shall not be presented for payment when the principal thereof becomes due, either at maturity, or at the date fixed for redemption thereof, or otherwise, if funds sufficient to pay any such Bond shall have been made available to Paying Agent for the benefit of the holder or holders thereof, all liability of Issuer to the holder thereof for the payment of such Bond shall forthwith cease, determine and be completely discharged, and thereupon it shall be the duty of Paying Agent to hold such funds for five (5) years without liability for interest thereon, for the benefit of the holder of such Bond, who shall thereafter be restricted exclusively to such funds, for any claim of whatever nature on his part under this Indenture or on, or with respect to, such Bond. Any moneys so deposited with and held by the Paying Agent not so applied to the payment of Bonds within five (5) years after the date on which the same shall become due shall 27 - 1\1 1860514.2 be repaid by Paying Agent to the Developer and thereafter Bondholders shall be entitled to look only to the Developer for payment, and then only to the extent of the amount so repaid, and the Developer shall not be regarded as a trustee of such money. Section 6.9. Direction of Bondholders. Whenever any action, direction or consent is required of the Trustee, the Trustee shall consult with the holders of the Bonds and shall take such action, give such direction or give such consent as shall be directed in writing by the Requisite Bondholders. End of Article VI) 28 - I\11860514.2 ARTICLE VII. DEFAULTS AND REMEDIES Section 7.1. Events of Default. Each of the following events is hereby declared an event of default," that is to say, if: a) payment of any amount payable on the Bonds shall not be made when the same is due and payable; or b) any event of default as defined in Section 5.1 of the Financing Agreement shall occur and be continuing; or c) the Issuer shall default in the due and punctual performance of any other of the covenants, conditions, agreements and provisions contained in the Bonds or in this Indenture or any agreement supplemental hereof on the part of the Issuer to be performed, and such default shall continue for thirty (30) days after written notice specifying such default and requiring the same to be remedied shall have been given to the Issuer and the Developer by the Trustee. d) the Issuer shall fail to apply pledged TIF Revenues as required by Article IV of this Indenture. Section 7.2. Reserved. Section 7.3. Remedies; Rights of Bondholders. (a) If an event of default occurs, the Trustee may pursue any available remedy by suit at law or in equity to enforce the payment of the principal of, and premium, if any, and interest on the Bonds then outstanding, to enforce any obligations of the Issuer hereunder and of the Developer under the Financing Agreement. b) Upon the occurrence of an event of default, and if directed in writing so to do by the Requisite Bondholders and indemnified as provided in Section 8.1 hereof, the Trustee shall be obliged to exercise such one or more of the rights and powers conferred by this Article as the Trustee,being advised by counsel, shall deem most expedient in the interests ofthe Bondholders. c) No remedy by the terms of this Indenture conferred upon or reserved to the Trustee (or to the Bondholders) is intended to be exclusive of any other remedy, but each and every such remedy shall be cumulative and shall be in addition to any other remedy given to the Trustee or to the Bondholders hereunder or now or hereafter existing at law or in equity or by statute. d) No delay or omission to exercise any right or power accruing upon any event of default shall impair any such right or power or shall be construed to be a waiver of any event of default or acquiescence therein, and every such right and power may be exercised from time to time as may be deemed expedient. e) No waiver of any event of default hereunder, whether by the Trustee or by the Bondholders, shall extend to or shall affect any subsequent event of default or shall impair any rights or remedies consequent thereon. 29 - I\11860514.2 Section 7.4. Right of Bondholders to Direct Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of all Bonds then outstanding shall have the right, at any time, by an instrument or instruments in writing executed and delivered to the Trustee, to direct the time, the method and place of conducting all proceedings to be taken in connection with the enforcement of the terms and conditions of this Indenture, or for the appointment of a receiver or any other proceedings hereunder; provided, that such direction shall not be otherwise than in accordance with the provisions of law and of this Indenture, and provided that the Trustee is obligated to pursue its remedies under the provisions of Section 7.3 hereof before any other remedies are sought. Section 7.5. Application of Moneys. All moneys received by the Trustee pursuant to any right given or action taken under the provisions of this Article shall, after payment of the cost and expenses of the proceedings resulting in the collection of such moneys and of the fee of and the expenses, liabilities and advances incurred or made by the Trustee or the Issuer including reasonable attorney's fees, costs and expenses, if any, be deposited in the Bond Fund and all moneys in the Bond Fund shall be applied as follows: a) Unless the principal of all the Bonds shall have become or shall have been declared due and payable, all such moneys shall be applied: First: To the payment to the persons entitled thereto of all installments of interest then due on the Bonds, in the order of the maturity of the installments of such interest, and if the amount available shall not be sufficient to pay in full any particular installment, then to the payment ratably, according to the amounts due on such installment, to the persons entitled thereto, without any discriminations or privilege; and Second: To the payment to the persons entitled thereto of the unpaid principal of and premium, if any, of the Bonds which shall have become due (other than Bonds called for redemption for the payment of which moneys are held pursuant to the provisions of this Indenture), in the order of their due dates, with interest on such Bonds from the respective dates upon which they become due, and if the amount available shall not be sufficient to pay in full Bonds due on any particular date,together with such interest,then to the payment ratably, according to the amount of principal due on such date, to the persons entitled thereto without any discrimination or privilege. Third: To the payment of the balance, if any,to the Developer or its successors or assigns, upon the written request of the Developer, except for any remaining TIF Revenues which shall be paid to the Issuer, or to whomsoever may be lawfully entitled to receive the same upon its written request, or as any court of competent jurisdiction may direct. b) If the principal of all the Bonds shall have become due or shall have been declared due and payable, all such moneys shall be applied to the payment of the principal then due and unpaid upon the Bonds, to the persons entitled thereto without any discrimination or privilege. 30 - 1\11860514.2 c) If the principal of all the Bonds shall have been declared due and payable, and if such declaration shall thereafter have been rescinded and annulled under the provisions of this Article then, subject to the provisions of subsection (b) of this Section in the event that the principal of all the Bonds shall later become due or be declared due and payable, the moneys shall be applied in accordance with the provisions of subsection(a) of this Section. Whenever moneys are to be applied pursuant to the provisions of this Section, such moneys shall be applied at such times, and from time to time, as the Trustee shall determine, having due regard to the amount of such moneys available for application and the likelihood of additional moneys becoming available for such application in the future. Whenever the Trustee shall apply such funds, it shall fix the date (which shall be an interest payment date unless it shall deem another date more suitable) upon which such application is to be made. The Trustee shall give such notice as it may deem appropriate of the deposit with it of any such moneys and of the fixing of any such date and shall not be required to make payment to the holder of any Bond until such Bond shall be presented to the Trustee for appropriate endorsement or for cancellation if fully paid. Section 7.6. Remedies Vested In Trustee. All rights of action (including the right to file proof of claims) under this Indenture or under any of the Bonds may be enforced by the Trustee without the possession of any of the Bonds or the production thereof in any trial or other proceedings relating thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its name as Trustee without the necessity of joining as plaintiffs or defendants any holders of the Bonds, andany recovery of judgment shall, subject to the provisions of Section 7.5 hereof, be for the equal benefit of the holders of the outstanding Bonds. When the Trustee incurs costs or expenses (including reasonable attorney's fees, costs or expenses) or renders services after the occurrence of an Event of Default, such costs and expenses and the compensation for such services are intended to constitute expenses of administration under any federal or state bankruptcy, insolvency, arrangement, moratorium, reorganization or other debtor relief law. Section 7.7. Rights and Remedies of Bondholders. No holder of any Bond shall have any right to institute any suit, action or proceeding in equity or at law for the enforcement of this Indenture or for the execution of any trust thereof or for the appointment of a receiver or any other remedy hereunder, unless a default has occurred of which the Trustee has been notified as provided in subsection (g) of Section 8.1, or of which by said subsection it is deemed to have notice, nor unless also such default shall have become an event of default and the holders of all Bonds then outstanding shall have made written request to the Trustee and shall have offered reasonable opportunity either to proceed to exercise the powers hereinbefore granted or to institute such action, suit or proceeding in its own name, nor unless also they have offered to the Trustee indemnity as provided in Section 8.1 hereof,nor unless the Trustee shall thereafter fail or refuse to exercise the powers hereinbefore granted, or to institute such action, suit or proceeding in its, his, or their own name or names. Such notification, request and offer of indemnity are hereby declared in every case at the option of the Trustee to be conditions precedent to the execution of the powers and trusts of this Indenture, and to any action or cause of action for the enforcement of this Indenture, or for the appointment of a receiver or for any other remedy hereunder; it being understood and intended that no one or more holders of the Bonds shall have any right in any manner whatsoever to affect, disturb or prejudice the lien of this Indenture by 31 - I\11860514.2 its, his or their action or to enforce any right hereunder except in the manner herein provided, and that all proceedings at law or in equity shall be instituted, had and maintained in the manner herein provided and for the equal benefit of the holders of all Bonds then outstanding. Nothing in this Indenture contained shall, however, affect or impair the right of any Bondholder to enforce the covenants of the Issuer to pay the principal of and interest on each of the Bonds issued hereunder to the respective holders thereof at the time, place, from the source and in the manner in said Bonds expressed. Section 7.8. Termination of Proceedings. In case the Trustee shall have proceeded to enforce any right under this Indenture by the appointment of a receiver, or otherwise, and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely, then and in every such case the Issuer, the Developer and the Trustee shall be restored to their former positions and rights hereunder, respectively, with respect to the Trust Estate, and all rights, remedies and powers of the Trustee shall continue as if no such proceedings had been taken. Section 7.9. Waivers of Events of Default. The Trustee may in its discretion waive any event of default hereunder and its consequences and rescind any declaration of maturity of principal of the Bonds, and shall do so upon the written request of the holders of (1) all the Bonds then outstanding in respect of which default in the payment of principal and/or premium, if any, and interest or (2) all Bonds then outstanding in the case of any other default; provided, however, that there shall not be waived any event of default in the payment of the principal of any outstanding Bonds at the date of maturity specified therein, and all expenses of the Trustee in connection with such default shall have been paid or provided for, and in case of any such waiver or rescission, or in case any proceeding taken by the Trustee on account of any such default shall have been discontinued or abandoned or determined adversely, then and in every such case the Issuer, the Trustee and the Bondholders shall be restored to their former positions and rights hereunder, respectively, but no such waiver or rescission shall extend to any subsequent or other default, or impair any right consequent thereon. End of Article VII) 32 - I\11860514.2 ARTICLE VIII. THE TRUSTEE AND PAYING AGENT Section 8.1. Acceptance of the Trusts. The Trustee, prior to the occurrence of an event of default and after the curing of all events of default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations should be read into this Indenture against the Trustee. The Trustee agrees to perform such trusts only upon and subject to the following expressed terms and conditions: a) The Trustee may execute any of the trusts or powers hereof and perform any of its duties by or if appointed through attorneys, agents, receivers or employees but shall not be answerable for the conduct of the same in accordance with the standard specified above, and shall be entitled to advice of counsel concerning all matters of trusts hereof and the duties hereunder, and may in all cases pay such reasonable compensation to all such attorneys, agents, receivers and employees as may reasonably be employed in connection with the trusts hereof. The Trustee may act upon the opinion or advice of any attorney (who may be the attorney or attorneys for the Issuer or the Developer). The Trustee shall not be responsible for any loss or damage resulting from any action or non-action in good faith in reliance upon such opinion or advice. b) The Trustee shall not be responsible for any recital herein, or in the Bonds (except in respect to the certificate of the Trustee endorsed on the Bonds), or for insuring the property herein conveyed or collecting any insurance moneys, or for the validity of the execution by the Issuer of this Indenture or of any supplements thereto or instruments of further assurance, or for the sufficiency of the security for the Bonds issued hereunder or intended to be secured hereby, or for the value or title of the property herein conveyed or otherwise as to the maintenance of the security hereof; and the Trustee shall not be bound to ascertain or inquire as to the performance or observance of any covenants, conditions or agreements on the part of the Issuer or on the part ofthe Developer under the Financing Agreement; but the Trustee may require of the Issuer or the Developer full information and advice as to the performance of the covenants, conditions and agreements aforesaid as to the condition of the property herein conveyed. The Trustee shall have no obligation to perform any of the duties of the Issuer under the Financing Agreement, and the Trustee shall not be responsible or liable for any loss suffered in connection with any investment of funds made by it in accordance with the provisions ofthis Indenture. c) The Trustee shall not be accountable for the use of any Bonds authenticated by it or the Paying Agent or delivered hereunder. The Trustee may become the owner of Bonds secured hereby with the same rights which it would have if not Trustee. d) The Trustee may conclusively rely upon, shall be fully protected in acting upon any notice, request, consent, certificate, order, affidavit, letter, telegram or other paper or document believed to be genuine and correct and to have been signed or sent by the proper person or persons. Any action taken by the Trustee pursuant to this Indenture upon the request or authority or consent of any person who at the time of making such request or giving such 33 - 1\11860514.2 authority or consent is the owner of any Bond, shall be conclusive and binding upon all future owners of the same Bond and upon Bonds issued in exchange therefor or in place thereof. e) As to the existence or non-existence of any fact or as to the sufficiency or validity of any instrument, paper or proceeding, the Trustee shall be entitled to conclusively rely upon a certificate signed on behalf of the Issuer or the Developer by its duly authorized officers as sufficient evidence of the facts therein contained and prior to the occurrence of a default of which the Trustee has been notified as provided in subsection (g) of this Section, or of which said subsection it is deemed to have notice, shall also be at liberty to accept a similar certificate to the effect that any particular dealing, transaction or action is necessary or expedient, but may at its discretion secure such further evidence deemed necessary or advisable, but shall in no case be bound to secure the same. The Trustee may accept a certificate of the Issuer or the Developer under its seal to the effect that an ordinance or resolution in the form therein set forth has been adopted by the Issuer or the Developer as conclusive evidence that such ordinance or resolution has been duly adopted, and is in full force and effect. f) The permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty, and the Trustee shall not be answerable for other than its gross negligence or willful misconduct; provided, however, that the provisions of this subsection shall not affect the duties of the Trustee hereunder, including the provisions of Article VII hereof. g) The Trustee shall not be required to take notice or be deemed to have notice of any event of default hereunder (other than payment of the principal on the Bonds) unless the Trustee shall be specifically notified in writing of such default by the Issuer or by the holders of at least twenty-five percent (25%) in aggregate principal amount of all Bonds then outstanding and all notices or other instruments required by this Indenture to be delivered to the Trustee must, in order to be effective, be delivered at the principal corporate trust office of the Trustee, and in the absence of such notice so delivered, the Trustee may conclusively assume there is no default except as aforesaid. h) The Trustee shall not be personally liable for any debts contracted or for damages to persons or to personal property injured or damaged, or for salaries or nonfulfillment of contracts during any period in which it may be in possession of or managing the Trust Estate. i) At any and all reasonable times and upon reasonable prior written notice, the Trustee, and itsduly authorized agents, attorneys, experts, engineers, accountants and representatives, shall have the right fully to inspect the Trust Estate, and to take such memoranda from and in regard thereto as may be desired. j) The Trustee shall not be required to give any bond or surety in respect of the execution ofthe said trusts and powers or otherwise in respect of the premises. k) Notwithstanding anything elsewhere in this Indenture contained, the Trustee shall have the right, but shall not be required, to demand, in respect of the authentication of any Bonds, the withdrawal of any cash, the release of any property, or any action whatsoever within the purview of this Indenture, any showings, certificates, opinions, appraisals or other information, or corporate action or evidence thereof, in addition to that by the terms hereof 34 - I\11860514. 2 Section 8.7. Removal of the Trustee. The Trustee may be removed at any time by an instrument or concurrent instruments in writing delivered to the Trustee and to the Issuer and signed by all the Bondholders. Section 8.8. Appointment of Successor Trustee by the Bondholders; Temporary Trustee. In case the Trustee hereunder shall resign or be removed, or be dissolved, or shall be in course of dissolution or liquidation, or otherwise become incapable of acting hereunder, or in case it shall be taken under control of any public officer or officers, or of a receiver appointed by a court, a successor may be appointed by the owners ofa majority in aggregate principal amount of Bonds then outstanding, by an instrument or concurrent instruments in writing signed by such owners, or by their attorneys-in-fact, duly authorized; provided, nevertheless, that in case of such vacancy, the Issuer, by an instrument executed by one of its duly authorized officers, may appoint a temporary Trustee to fill such vacancy until a successor Trustee shall be appointed by the Bondholders in the manner above provided; and any such temporary Trustee so appointed by the Issuer shall immediately and without further act be superseded by the Trustee so appointed by such Bondholders. Every such Trustee appointed pursuant to the provisions of this Section shall be a trust company or bank, having a reported capital and surplus of not less than One Hundred Million Dollars ($ 100,000,000) ifthere be such an institution willing, qualified and able to accept the trust upon reasonable or customary terms. Section 8.9. ConcerningAU Successor Trustees. Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to its predecessor and also to the Issuer and the Developer an instrument in writing accepting such appointment hereunder, and thereupon such successor, without any further act, deed or conveyance, shall become fully vested with all the estates, properties, rights, powers, trusts, duties and obligations of its predecessor; but such predecessor shall, nevertheless, on the written request of the Issuer, or of its successor, execute and deliver an instrument transferring to such successor Trustee all the estates, properties, rights, powers and trusts of such predecessor hereunder; and every predecessor Trustee shall deliver all securities and moneys held by it as Trustee hereunder to its successor. Should any instrument in writing from the Issuer be required by any successor Trustee for more fully and certainly vesting in such successor the estate, rights, powers and duties hereby vested or intended to be vested in the predecessorany and all such instruments in writing shall, on request, be executed, acknowledged and delivered by the Issuer. The resignation of any Trustee and the instrument or instruments removing any Trustee and appointing a successor hereunder, together with all other instruments provided for in this Article shall be filed by the successor Trustee in each office, if any, where the Indenture shall have been filed. Section 8.10. Trustee Protected in Relying Upon Resolutions, etc. Subject to the conditions contained herein, the resolutions, ordinances, opinions, certificates and other instruments provided for in this Indenture may be accepted by the Trustee as conclusive evidence of the facts and conclusions stated therein and shall be full warrant, protection and authority to the Trustee for the release of property and the withdrawal of cash hereunder. Section 8.11. Appointment of Pang Agent and Registrar; Resignation or Removal of Paying Agent. 1 st Source Bank is hereby appointed " Paying Agent" under this Indenture. Any Paying Agent may at any time resign and be discharged of the duties and obligations created by this instrument and any supplemental indenture by giving at least 30 days' written notice to the 37 - 1\11860514.2 Issuer, the Developer and the Trustee. Any Paying Agent may be removed at any time by an instrument, filed with such Paying Agent and the Trustee and signed by the Issuer and the Developer. Any successor Paying Agent shall be appointed by the Issuer at the direction of the Developer and shall be a bank or trust company duly organized under the laws of any state of the United States or a national banking association, in each case having a capital stock and surplus aggregating at least $100,000,000, willing and able to accept the office on reasonable and customary terms and authorized by law to perform all the duties imposed upon it by this Indenture. In the event of the resignation or removal of any Paying Agent, such Paying Agent shall pay over, assign and deliver any moneys or securities held by it as Paying Agent to its successors, or ifthere is no successor, to the Trustee. End of Article VIII) 35 - I\11860514.2 ARTICLE IX. SUPPLEMENTAL INDENTURES Section 9.1. Supplemental Indentures NotRequiring Consent of Bondholders. The Issuer and the Trustee may without the consent of, or notice to, any of the Bondholders, enter into an indenture or indentures supplemental to this Indenture, as shall not be inconsistent with the terms and provisions hereof, for any one or more of the following purposes: a) To cure any ambiguity or formal defect or omission in this Indenture; b) To grant to or confer upon the Trustee for the benefit of the Bondholders any additional rights, remedies, powers or authority that may lawfully be granted to or conferred upon the Bondholders or the Trustee or any of them; c) To subject to this Indenture additional security, revenues,properties or collateral; d) To make any other change in this Indenture which, in the judgment of the Trustee, which may be based on advice of Counsel, is not to the material prejudice of the Trustee, the Developer,the Issuer or the holders of the Bonds; e) To modify, amend or supplement the Indenture in such manner as required to permit the qualification thereof under the Trust Indenture Act of 1939, as amended, or any similar Federal statute hereafter in effect, and, if they so determine, to add to the Indenture such other terms, conditions and provisions as may be required by said Trust Indenture Act of 1939, as amended, or similar federal statute; or f) To issue Additional Bonds in accordance with the provisions of Section 2.8 hereof. Section9.2. Supplemental Indentures Requiring Consent of Bondholders. Exclusive of supplemental indentures covered by Section 9.1 hereof, and subject to the terms and provisions contained in this Section, and not otherwise, the Requisite Bondholders shall have the right, from time to time, anything contained in this Indenture to the contrary notwithstanding, to consent to and approve the execution by the Issuer and the Trustee of such other indenture or indentures supplemental hereto as shall be deemed necessary and desirable by the Issuer for the purpose of modifying, altering, amending, adding to or rescinding, in any particular, any of the terms or provisions contained in this Indenture or in any supplemental indenture; provided however, that nothing in this section contained shall permit or be construed as permitting (except as otherwise permitted in this Indenture) ( a) an extension of the stated maturity or reduction in the principal amount of, or reduction in the rate or extension of the time of paying of interest on, or reduction of any premium payable on the redemption of, any Bonds, without the consent of the holder of such Bond, or (b) a reduction in the amount or extension of the time of any payment required by any sinking fund applicable to any Bonds without the consent of the holders of all the Bonds which would be affected by the action to be taken, or (c) the creation of any lien prior to or on a parity with the lien of this Indenture without the consent of the holders of all the Bonds at the time outstanding, or (d) a reduction in the aforesaid aggregate principal amount of Bonds the holders of which are required to consent to any such supplemental indenture, without the consent 39 - I11 1 8605 1 4.2 of the holders of all the Bonds at the time outstanding which would be affected by the action to be taken, or (e) a modification of the rights, duties or immunities of the Trustee, without the written consent of the Trustee, or(f) a privilege or priority of any Bond over any other Bonds, or g) the deprivation of the Owners of any Series 2017 Bonds then Outstanding of the lien thereby created. Anything herein to the contrary notwithstanding, a supplemental indenture under this Article which affects any rights of the Developer shall not become effective unless and until the Developer shall have consented in writing to the execution and delivery of such supplemental indenture. In this regard, the Trustee shall cause notice of the proposed execution and delivery of any such supplemental indenture together with a copy of the proposed supplemental indenture to be mailed by certified or registered mail to the Developer at least fifteen (15) days prior to the proposed date of execution and delivery of any such supplemental indenture. Section 9.3. Opinion of Counsel. Prior to executing any amendment or supplement to this Indenture, the Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel to the effect that such amendment or supplement is authorized or permitted pursuant to the terms of this Indenture. End of Article IX) 40 - 1\1 1860514.2 ARTICLE X. AMENDMENTS TO THE FINANCING AGREEMENT Section 10.1. Amendments, etc., to Financing Agreement Not Requiring Consent of Bondholders. The Issuer and the Trustee with the consent of the Developer shall, without the consent of or notice to the Bondholders, consent to any amendment, change or modification of the Financing Agreement as may be required (i) by the provisions of the Financing Agreement and this Indenture, or (ii) for the purpose of curing any ambiguity or formal defect or omission, or (iii) in connection with any other change therein which, in the judgment of the Trustee, which may be based on advice of Counsel, is not to the prejudice of the Trustee, the Issuer or the Bondholders. Section 10.2. Amendments, etc., to Financing AgreementRequiring Consent of Bondholders. Except for the amendments, changes or modifications as provided in Section 10.1 hereof, neither the Issuer nor the Trustee shall consent to any other amendment, change or modification of the Financing Agreement without the written approval or consent of the Requisite Bondholders given and procured as in Section 9.2 provided. Section 10.3. Opinion of Counsel. Prior to consenting to any amendment, change or modification to the Financing Agreement, the Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel to the effect that such amendment, change or modification is authorized or permitted pursuant to the terms of this Indenture. End of Article X) 41 - I\11860514.2 ARTICLE XI. MISCELLANEOUS Section 11.1. Satisfaction and Discharge. All rights and obligations of the Issuer and the Developer under the Financing Agreement and this Indenture shall terminate, and such instruments shall cease to be of further effect, and the Trustee shall execute and deliver all appropriate instruments evidencing and acknowledging the satisfaction of this Indenture, and shall assign and deliver to the Developer any moneys and investments in all Funds established hereunder (except moneys or investments held by the Trustee for the payment ofprincipal of and interest on the Bonds and except for any TIF Revenues which shall be delivered to the Issuer) when a) all fees and expenses of the Trustee and the Paying Agent shall have been paid including reasonable attorney's fees, costs and expenses, if any; b) the Issuer and the Developer shall have performed all of their covenants and promises in the Financing Agreement and in this Indenture; and c) all Bonds theretofore authenticated and delivered (i) have become due and payable, or (ii) are to be retired or called for redemption under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee at the expense of the Developer, or iii) have been delivered to the Trustee canceled or for cancellation; and, in the case of(i) and (ii) above, there shall have been deposited with the Trustee either cash in an amount which shall be sufficient, or investments (but only to the extent that the full faith and credit of the United States of America are pledged to the timely payment thereof) the principal of which when due will provide moneys which, together with the moneys, if any, deposited with the Trustee, shall be sufficient, to pay when due the principal due and to become due on the Bonds and interest due and prior to the redemption date or maturity date thereof, as the case may be; Provided, however, none of the Bonds may be advance refunded if such advance refunding is not permitted by the laws of Indiana. Section 11.2. Defeasance of Bonds. Any Bond shall be deemed to be paid and no longer Outstanding within the meaning of this Article and for all purposes of this Indenture when (a) payment of the principal of and interest on such Bond either (i) shall have been made or caused to be made in accordance with the terms thereof, or (ii) shall have been provided for by irrevocably depositing with the Trustee in trust and irrevocably set aside exclusively for such payment, ( 1) moneys sufficient to make such payment or (2) direct obligations of or obligations the principal of and interest on which are unconditionally guaranteed by the United States of America("Governmental Obligations") maturing as to principal and interest in such amounts and at such times as will insure the availability of sufficient moneys to make such payment, together with either (A) a verification report of an independent certified public accountant to the effect that such securities and/or cash,together with earnings thereon, will be sufficient to pay principal and applicable premium, if any) and interest on the Bonds to redemption or maturity or (B) an opinion of Counsel satisfactory to the Trustee to the effect that all conditions precedent to the defeasance of the Bonds have been complied with; provided however, that no such verification 42 - 1111860514.2 report or opinion shall be necessary in the event of a gross defeasance (where the cash deposited alone is sufficient to pay the debt service on the Bonds) or a current refunding (where the Bonds are to be redeemed within ninety (90) days of the funding of the escrow) and (b) all necessary and proper fees, compensation, indemnities and expenses of the Trustee and the Issuer pertaining to the Bonds with respect to which such deposit is made shall have been paid or the payment thereof provided forincluding reasonable attorney's fees, costs and expenses, if any. At such time as a Bond shall be deemed to be paid hereunder, as aforesaid, such Bond shall no longer be secured by or entitled to the benefits of this Indenture, except for the purposes of any such payment from such moneys or Governmental Obligations. Notwithstanding the foregoing, no deposit under clause (a)(ii) of the immediately preceding paragraph shall be deemed payment of such Bonds as aforesaid until (a) proper notice of redemption of such Bonds shall have been previously given in accordance with Section 5.2 of this Indenture, or if the Bonds are not by their terms subject to redemption within the next succeeding sixty (60) days, until the Developer shall have given the Trustee in form satisfactory to the Trustee irrevocable instructions to notify, as soon as practicable, the Bondholders, that the deposit required by the preceding paragraph has been made with the Trustee and that the Bonds are deemed to have been paid in accordance with this Section 11.2 and stating the maturity or redemption date upon which moneys are to be available for the payment of the principal of and the applicable redemption premium, if any, and interest on the Bonds; or(b)the maturity of such Bonds. All moneys so deposited with the Trustee as provided in this Section 11.2 may also be invested and reinvested, at the written direction of the Developer, in Governmental Obligations, maturing in the amounts and at the times as hereinbefore set forth, and all income from all Governmental Obligations in the hands of the Trustee pursuant to this Section 11.2 which is not required for the payment of principal of the Bonds and interest and premium, if any,thereon with respect to which such moneys shall have been so deposited shall be deposited in the Bond Fund as and when realized and collected for use and application as are other moneys deposited in the Bond Fund. Notwithstanding any provision of any other Article of this Indenture which may be contrary to the provisions of this Section 11.2, all moneys or Governmental Obligations set aside and held in trust pursuant to the provisions of this Section 11.2 for the payment of Bonds including premium thereon, if any) shall be applied to and used solely for the payment of the particular Bonds (including the premium thereon, if any) with respect to which such moneys or Governmental Obligations have been so set aside in trust. Anything in Article 9 hereof to the contrary notwithstanding, if moneys or Governmental obligations have been deposited or set aside with the Trustee pursuant to this Section 11.2 for the payment of Bonds and such Bonds shall not have in fact been actually paid in full, no amendment to the provisions of this Section 11.2 shall be made without the consent of the Owner of each Bond affected thereby. The right to register the transfer of or to exchange Bonds shall survive the discharge of this Indenture. 43 - I\11860514. 2 Section 11.3. Cancellation of Series 2017 Bonds. If the Bondholders of any Series 2017 Bonds presents that Bond to the Trustee with an instrument satisfactory to the Trustee waiving all claims for payment of that Bond, the Trustee shall cancel that Series 2017 Bond and the Bondholder shall have no further claim against the Trust Estate, the Issuer or the Developer with respect to that Series 2017 Bond. Section 11.4. Application of TrustMoney. All money or investments deposited with or held by the Trustee pursuant to Section 11.1 shall be held in trust for the holders of the Bonds, and applied by it, in accordance with the provisions of the Bonds and this Indenture, to the payment, either directly or through the Paying Agent, to the persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money or obligations need not be segregated from other funds except to the extent required by law. Section 11.5. Consents, etc., of Bondholders. Any consent, request, direction, approval, objection or other instrument required by this Indenture to be executed by the Bondholders may be in any number of concurrent writings of similar tenor and may be executed by such Bondholders in person or by agent appointed in writing. Provided, however, that wherever this Indenture or the Financing Agreement requires that any such consent or other action be taken by the holders of a specified percentage, fraction or majority of the Bonds outstanding, any such Bonds held by or for the account of the following persons shall not be deemed to be outstanding hereunder for the purpose of determining whether such requirement has been met: the Issuer, any ofits members. For all other purposes, Bonds held by or for the account of such person shall bedeemed to be outstanding hereunder. Proof of the execution of any such consent, request, direction, approval, objection or other instrument or of the writing appointing any such agent and of the ownership of Bonds, if made in the following manner, shall be sufficient for any of the purposes of this Indenture, and shall be conclusive in favor of the Trustee with regard to any action taken under such request or other instrument, namely: a) The fact and date of the execution by any person of any such writing may be proved by the certificate of any officer in any jurisdiction who by law has power to take acknowledgments within such jurisdiction that the person signing such writing acknowledged before him the execution thereof, or by affidavit of any witness to such execution. b) The fact of the holding by any person of Bonds transferable by delivery and the amounts and numbers of such Bonds, and the date of the holding of the same, may be proved by a certificate executed by any trust company, bank or bankers, wherever situated, stating that at the date thereof the party named therein did exhibit to an officer of such trust company or bank or to such banker, as the property of such party, the Bonds therein mentioned if such certificate shall be deemedby the Trustee to be satisfactory. The Trustee may, in its discretion, require evidence that such Bonds have been deposited with a bank, bankers or trust company, before taking any action based on such ownership. In lieu of the foregoing, the Trustee may accept other proofs ofthe foregoing as it shall deem appropriate. For all purposes of this Indenture and of the proceedings for the enforcement hereof, such person shall be deemed to continue to be the holder of such Bond until the Trustee shall have received notice in writing to the contrary. 44 - I\11860514.2 Section 11. 6. Limitation of Rights. With the exception of rights herein expressly conferred, nothing expressed or mentioned in or to be implied from this Indenture, or the Bonds is intended or shall be construed to give to any person other than the parties hereto, and the Developer, and the holders of the Bonds, any legal or equitable right, remedy or claim under or in respect to this Indenture or any covenants, conditions and provisions herein contained, this Indenture and all of the covenants, conditions and provisions hereof being intended to be and being for the sole and exclusive benefit of the parties hereto and the Developer and the holders of the Bonds as herein provided. Section 11.7. Severability. If any provision of this Indenture shall be held or deemed to be or shall, in fact, be inoperative or unenforceable as applied in any particular case in any jurisdiction or jurisdictions or in all jurisdictions, or in all cases because it conflicts with any other provision or provisions hereof or any constitution or statute or rule of public policy, or for any other reason, such circumstances shall not have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance, or of rendering any other provision or provisions herein contained invalid, inoperative, or unenforceable to any extent whatever. The invalidity of any one or more phrases, sentences, clauses or Sections in this Indenture contained, shall not affect the remaining portions of this Indenture, or any part thereof. Section 11.8. Notices. All notices, demands, certificates or other communications hereunder shall be sufficiently given and shall be deemed given when mailed by registered or certified mail, postage prepaid, with proper address as indicated below. The Issuer, the Developer, and the Trustee may, by written notice given by each to the others, designate any address or addresses to which notices, demands, certificates or other communications to them shall be sent when required as contemplated by this Indenture. Until otherwise provided by the respective parties, all notices, demands, certificates and communications to each of them shall be addressed as provided in Section 9.4 of the Financing Agreement. Section 11.9. Counterparts. This Indenture may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. Section 11.10. Applicable Law. This Indenture shall be governed exclusively by the applicable laws of the State of Indiana without regard to conflict of law principles. Section 11.11. Immunity of Officers and Directors. No recourse shall be had for the payment of the principal of or premium on any of the Bonds or for any claim based thereon or upon any obligation, covenant or agreement in this Indenture contained against any past, present or future members, officer, directors, agents, attorneys or employees of the Issuer, or any incorporator, member, officer, director, agents, attorneys, employees or trustee of any successor corporation, as such, either directly or through the Issuer or any successor corporation, under any rule of law or equity, statute or constitution or by the enforcement of any assessment or penalty or otherwise, and all such liability of any such incorporator, members, officers, directors, agents, attorneys, employees or trustees as such is hereby expressly waived and released as a condition of and consideration for the execution of this Indenture and issuance of such Bonds. 45 - I\11860514.2 Section 11.12. Holiday If any date for the payment of principal or interest on the Bonds is not a Business Day then such payment shall be due on the first Business Day thereafter. Section 11.13. Section 118 Nonshareholder Contribution. The Developer shall treat and report the TIF Revenues paid by the Issuer in the aggregate amount of $3,500,000 as a non- shareholder contribution from the Issuer to the Developer under Code Section 118 Nonshareholder Contribution"). Section 11.14. Section 118 TaxAccounting. The Developer shall cause the tax balance sheet of the Developer to reflect a reduction in basis attributed to the exclusion of the Nonshareholder Contribution from taxable income under Code Section 118 as required under Code Section 362. In no event shall the Developer take any depreciation deductions attributable to the Nonshareholder Contribution at any time. End of Article XI) 46 - I\11860514.2 IN WITNESS WHEREOF, City of South Bend, Indiana, has caused these presents to be signed in its name and behalf by its Mayor, and its corporate seal to be hereunto affixed and attested by its Controller, and to evidence its acceptance of the trusts hereby created, 1st Source Bank, in South Bend, Indiana has caused these presents to be signed in its name and behalf by, its official seal to be hereunto affixed, and the same to be attested by, its duly authorized officers, all as ofthe day and year first above written. CITY OF SOUTH BEND, INDIANA Mayor Attest: Controller SEAL 47 - I\11860514.2 11T SOURCE BANK, as Trustee By Written Signature) Printed Signature) Attest: Written Signature) Printed Signature) SEAL This instrument prepared by Lisa A. Lee, Ice Miller LLP, One American Square, Suite 2900, Indianapolis,Indiana 46282 48 - I\11860514.2 ICE MILLER LLP DRAFT FOR DISCUSSION PURPOSES ONLY May 3,2017 FINANCING AND COVENANT AGREEMENT BETWEEN RDISTRICT TWO LLC AND CITY OF SOUTH BEND, INDIANA Dated as of June 1, 2017 The rights of the Issuer hereunder have been assigned to I st Source Bank, South Bend, Indiana, as Trustee under a Trust Indenture dated as of the date hereof from the Issuer. I\11853148.2 TABLE OF CONTENTS Page ARTICLE 1. DEFINITIONS AND EXHIBITS.....................................................................3 Section 1.1. Terms Defined..................................................................................................3 Section 1.2. Rules of Interpretation......................................................................................6 Section1.3. Exhibits.............................................................................................................6 ARTICLE 1I.REPRESENTATIONS .....................................................................................7 Section 2.1. Representationsby Issuer.................................................................................7 Section 2.2. Representationsby Developer..........................................................................7 Section 2.3. Financing of Series 2017 Bond Proceeds by Issuer.......................................... 8 ARTICLE III. PARTICULAR COVENANTS OF THE DEVELOPER.................................9 Section3.1. Consentto Assignmentsto Trustee..................................................................9 Section 3.2. General Covenants............................................................................................9 Section 3.3. Continuing Existence and Qualification;Assignment, Sale or Other Dispositionof Facilities....................................................................................9 Section3.4. Developer Duties Under Indenture.................................................................10 Section 3.5. Assignment, Sale or Other Disposition of Project..........................................10 Section 3.6. Trustee's Right to Perform Developer's Covenants; Advances......................10 Section3.7. Indemnity........................................................................................................10 Section 3. 8. Funding of Indenture Funds; Investments......................................................10 Section 3. 9. Completion of Project.....................................................................................11 Section 3.10. Sale, Substitution, or Lease of the Project......................................................1 l Section 3.11. Section 118 Nonshareholder Contribution.....................................................11 Section 3.12. Section 118 Tax Accounting ..........................................................................12 ARTICLE IV. APPLICATION OF SERIES 2017 BOND PROCEEDS...............................13 Section 4.1. Use of 2017 Bond Proceedsby Issuer............................................................13 Section 4.2. Use of TIF Revenues......................................................................................13 Section 4.3. Estoppel Certificate ........................................................................................13 ARTICLE V.EVENTS OF DEFAULT................................................................................14 Section 5.1. Events of Default............................................................................................14 Section 5.2. Remedies Cumulative.....................................................................................15 Section 5.3. Delay or Omission Not a Waiver....................................................................15 Section5.4. Reserved .........................................................................................................15 Section 5.5. Remedies Subject to Provisions of Law.........................................................15 Section 5. 6. Waiver of Events of Default...........................................................................15 ARTICLEVI. IMMUNITY ...................................................................................................16 Section6.1. Immunity.........................................................................................................16 ARTICLE VII. SUPPLEMENTS AND AMENDMENTS TO THIS FINANCING AGREEMENT................................................................................................17 1\1 1853148.2 Section 7.1. Supplements and Amendments to this Financing Agreement........................17 ARTICLE VIII. DEFEASANCE ..............................................................................................18 Section 8.1. Defeasance......................................................................................................18 ARTICLE IX. MISCELLANEOUS PROVISIONS ..............................................................19 Section 9.1. Financing Agreement for Benefit of Parties Hereto.......................................19 Section 9.2. Severability.....................................................................................................19 Section 9.3. Limitation on Interest .....................................................................................19 Section 9.4. Addresses for Notice and Demands................................................................19 Section 9.5. Successors and Assigns ..................................................................................20 Section 9.6. Counterparts.......................... Section 9.7. Governing Law...............................................................................................20 1\1 1853148.2 FINANCING AND COVENANT AGREEMENT This is a FINANCING AND COVENANT AGREEMENT dated as of June 1, 2017 Financing Agreement") between RDISTRICT TWO LLC, a limited liability company organized, existing and authorized to do business under the laws of the State of Indiana Developer"), and the CITY OF SOUTHBEND, INDIANA ("Issuer"), a municipal corporation duly organized and validly existing under the laws ofthe State of Indiana. PRELIMINARY STATEMENT Indiana Code, Title 36, Article 7, Chapters 11.9, -12, -14 and -25 (collectively, "Act") has been enacted by the General Assembly of Indiana. The Act provides that an Issuer may, pursuant to the Act, issue revenue bonds for the purpose of financing costs of economic development facilities, for diversification of economic development and promotion of job opportunities in or near the Issuer and vests the Issuer with powers that may be necessary to enable it to accomplish such purposes. WHEREAS, the South Bend ("City") Redevelopment Commission ("Redevelopment Commission") adopted a declaratory resolution on February 23, 1990 establishing the Airport Economic Development Area and the Airport Economic Development Area Allocation Area No. 1 ("1990 Declaratory Resolution"), which was effective as of that date and was confirmed by a confirmatory resolution adopted on June 27, 1990 ("1990 Confirmatory Resolution"). WHEREAS, the Redevelopment Commission adopted a declaratory resolution on April 16, 1993 establishing the Sample-Ewing Development Area and the Sample-Ewing Allocation Area (South Bend Allocation Area No. 8) ("1993 Declaratory Resolution"), which was effective as of that date and was confirmed by a confirmatory resolution adopted on May 21, 1993 ("1993 Confirmatory Resolution"). WHEREAS, the 1990 Declaratory Resolution, the 1990 Confirmatory Resolution, the 1993 Declaratory Resolution and the 1993 Confirmatory Resolution are hereinafter collectively referred to as the "Original Declaratory Resolution". WHEREAS, the Redevelopment Commission on June 19, 2007, adopted an amending declaratory resolution, as further amended on August 28, 2014 (collectively, as amended, Amending Declaratory Resolution"), as confirmed by an amending confirmatory resolution adopted on July 20, 2007, as further amended on November 10, 2014 (collectively, "Amending Confirmatory Resolution"), consolidating, expanding and renaming the consolidated and expanded area the River West Development Area ("Area"), as an economic development area under IC 36-7-14 and IC 36-7-25. WHEREAS, the Original Declaratory Resolution, the Amending Declaratory Resolution and the Amending Confirmatory Resolution are hereinafter collectively referred to as the "Area Resolution". WHEREAS, the Area Resolution approved the economic development plan, as amended Plan") for the Area which Plan contained specific recommendations for economic development in the Area, and the Area Resolution consolidated, expanded and renamed the consolidated and I\11853148.2 expanded allocation area the River West Development Area Allocation Area No. 1 in accordance with IC 36-7-14-39 ("Allocation Area") for the purpose of capturing property taxes generated from the incremental assessed value of real and depreciable personal property located in the Allocation Area("Tax Increment"). WHEREAS, the Issuer seeks to induce the Developer to complete the redevelopment and renovation of the Project (as hereinafter defined) as contemplated in the Plan by making the payment of the principal on the Bonds from TIF Revenues in the aggregate amount of 3,500,000 which have been pledged by the Redevelopment Commission for such purpose and such pledge is to be considered as a non-shareholder contribution to the Developer under Internal Revenue Code ("Code") Section 118. Upon finding that the Project and the proposed financing of the construction of a portion thereof will create additional employment opportunities in the City of South Bend, Indiana City"); will benefit the health, safety, morals and general welfare ofthe citizens ofthe City and the State of Indiana; and will comply with the purposes and provisions of the Act, the Issuer adopted an ordinance approving the proposed financing. The Issuer intends to issue its Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project) ("Series 2017 Bonds") in the aggregate principal amount of 3,500,000 pursuant to the Trust Indenture dated as of June 1, 2017 ("Indenture") from the Issuer to 1st Source Bank, South Bend, Indiana, as Trustee ("Trustee") and intends to provide the proceeds of the Series 2017 Bonds pursuant to the provisions ofthis Financing Agreement to the Developer to finance a portion of the construction of the Project, in or physically connected to the Area. This Financing Agreement provides for the payment by the Redevelopment Commission of the principal on the Series 2017 Bonds from TIF Revenues (as hereinafter defined). Subject to the further provisions of this Financing Agreement, the principal on the Series 2017 Bonds will be payable solely out of TIF Revenues. In consideration of the premises, the use of the proceeds of the Series 2017 Bonds and of other good and valuable consideration, the receipt whereof ishereby acknowledged, the Developer has executed and delivered this Financing Agreement. This Financing Agreement is executed upon the express condition that if the Developer shall keep, perform and observe all and singular the covenants and promises expressed in this Financing Agreement to be kept, performed and observed by the Developer, then this Financing Agreement and the rights hereby granted shall cease, determine and be void; otherwise to remain in full force and effect. 2 - I\11853148.2 ARTICLE I. DEFINITIONS AND EXHIBITS Section 1.1. Terms Defined. As used in this Financing Agreement,the following terms shall have the following meanings unless the context clearly otherwise requires: Act" means, collectively, Indiana Code 36-7-11.9, -12, -14 and -25 and any successor provisions of the Indiana Code or successor codes. Allocation Area" means the River West Development Area Allocation Area No. 1. Area" means the River West Development Area. Authorized Representative" means, as to the Developer, any officer of the Developer or any other person certified by an officer of the Developer to be such and means any person so designated by resolution of the Common Council as to the Issuer. Bond Counsel" means a nationally recognized firm of municipal bond attorneys acceptable to the Trustee. Bond Fund" means the Bond Fund established by Section 4.2 of the Indenture. Bond Year" means each twelve month period ending on any bond payment date. Bondholder" or any similar term means the registered owner of a Bond. Bonds" means the Series 2017 Bonds and any other bonds issued under the Indenture. Business Day" means any day other than a Saturday, Sunday or holiday on which commercial banks in the city in which the principal office of the Trustee is located are open for conducting substantially all ofits banking activities. Commission" means the South Bend Economic Development Commission. Completion Date" means the date of delivery by the Developer to the Trustee of the certificate required by Section 4.3(c)ofthe Indenture, evidencing the completion of the Project. Construction Fund" means the Construction Fund established in Section 4.3 of the Indenture. Costs of Construction" means the categorical costs of providing for an "economic development project" as defined and set forth in the Act as follows: i) all costs and expenses which Issuer or Developer shall be required to pay, under the terms of any contract or contracts (including the architectural and engineering, development, and legal services with respect thereto), for materials, equipment and the construction of the Project; and 3 - I\11853148.2 ii) any sums required to reimburse Issuer or Developer for advances made by either of them subsequent to the date of inducement by the Issuer for any of the above items or for any other costs incurred and for work done by either of them which are properly chargeable to the Project. Developer" means RDistrict Two LLC, a limited liability company duly organized, existing and authorized to do business under the laws of the State of Indiana, or any successors thereto permitted under Section 3.3 hereof. Government Obligations" means direct obligations of, or obligations the timely payment of the principal of and the interest on which are fully and unconditionally guaranteed by, the United States of America. Indenture" means the Trust Indenture dated as of June 1, 2017, between the Issuer and the Trustee and all amendments and supplements thereto. Issuer" means the City of South Bend, Indiana, a municipality duly organized and validly existing under the laws of the State. Net Proceeds," when used with respect to any insurance or condemnation award, means the gross proceeds from the insurance or condemnation award remaining after payment of all expenses (including attorneys' fees and expenses and any expenses of the Trustee or the Issuer) incurred in the collection of such gross proceeds. Outstanding" or "Bonds Outstanding" means Bonds which have been duly authenticated and delivered by the Trustee under the Indenture, except: i) Bonds canceled after purchase in the open market or because of payment at or redemption prior to maturity; ii) Bonds for the redemption of which cash or investments (but only to the extent that the full faith and credit of the United States of America are pledged to the timely payment thereof) shall have been theretofore deposited with the Trustee (whether upon or prior to the maturity or redemption date of any such Bonds); provided that if such Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given or arrangements satisfactory to the Trustee shall have been made therefor, or waiver of such notice satisfactory in form to the Trustee, shall have been filed with the Trustee; and iii) Bonds in lieu of which others have been authenticated under Section 2.9 of the Indenture. Project" means the reskinning and restoration of Building 84 and all related improvements and expenses related thereto (if any) which is being undertaken in connection with the remediation and rehabilitation ofthe former Studebaker manufacturing facilities. Purchaser" means Regional Development Authority of Northern Indiana. 4 - 1\11853148.2 Qualified Investments" means any of the following classes of securities, to the extent to which investment in such securities is permitted under State law: (i) direct obligations of, or obligations the payment of the principal of and interest on which when due are unconditionally guaranteed by, the United States of America; ( ii) bonds, debentures, participation certificates, or notes of any of the following agencies of the United States government: Federal Farm Credit Banks, the Federal National Mortgage Association, the Government National Mortgage Association, the Student Financing Marketing Corporation, the Federal Land Bank, the World Bank, the Resolution Trust Corporation, the Federal Home Financing Mortgage Corporation, and the Federal Home Financing Bank; (iii) investments which evidence direct ownership of future interest and principalpayments of obligations described in (i) or (ii) above; ( iv) mutual funds or money market funds (including an affiliate of the Trustee) which only invest in obligations described in (i), (ii), or (vii) herein and which are rated in the highest category by a national rating agency; ( v) unsecured interest-bearing obligations of any commercial bank (including the Trustee), trust company, bank holding company, insurance company, or any other entity with long-term debt obligations which have been assigned to a rating category no less than the second highest category assigned by Standard & Poor's Ratings Group and Moody's Investors Service; vi) deposits in interest-bearing time deposits or savings accounts in banks (including the Trustee) organized under the laws of any state of the United States or under the laws of the United States or in savings and Financing associations organized under the laws of any state of the United States or under the laws of the United States, provided that any such deposits are (x) insured by the Federal Deposit Insurance Corporation or (y) fully secured by obligations of the type specified in (i), (ii), (iii), or (v) above; and (vii) fully collateralized direct repurchase agreements or guaranteed investment contracts having a defined termination date, secured by obligations of the United States of America or its agencies and instrumentalities in market value of not less than the principal amount of the funds disbursed, pledged with a third party selected or approved by the Developer, and placed through a primary government securities dealer, as defined by the Board of Governors of the Federal Reserve System, or a nationally or state chartered bank (which may include the Trustee). Redevelopment Commission" means the South Bend Redevelopment Commission. Series 2017 Bonds" or "Bonds" means the Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project) to be issued by the Issuer under the Indenture in the aggregate principal amount of$3,500,000. State" means the State of Indiana. Tax Increment" means all real property tax proceeds and depreciable personal property tax proceeds of designated taxpayers from assessed valuation of property in the Allocation Area in excess of the assessed valuation described in IC 36-7-14-39(b)(1), as such statutory provision exists on the date of issuance of the Series 2017 Bonds. TIF Pledge Resolution" means the resolution of the Redevelopment Commission adopted on May 25, 2017,pledging TIF Revenues to the Issuer. TIF Revenues" means $ 3,500,000 of the Tax Increment funds on hand generated in the Allocation Area and held in the Allocation Fund (as described in the TIF Pledge Resolution), which moneys are to be separated from all other moneys in said Fund as of the day of closing 5 - I\11853148.2 and pledged to the Issuer for payment of the principal on the Bonds pursuant to the TIF Pledge Resolution, for so long as the Bonds remain outstanding. Trustee" means the trustee and/or co-trustee at the time serving as such under the Indenture, and shall initially mean 1 st Source Bank, South Bend, Indiana. Written Request" means a request in writing from an authorized representative of the party making the request. Section1.2. Rules of Interpretation. For all purposes of this Financing Agreement, except as otherwise expressly provided, or unless the context otherwise requires: a) This Financing Agreement" means this instrument as originally executed and as it may from time to time be supplemented or amended pursuant to the applicable provisions hereof. b)All references in this instrument to designated "Articles," "Sections" and other subdivisions are to the designated Articles, Sections and other subdivisions of this instrument as originally executed. The words " herein," "hereof' and "hereunder" and other words of similar import refer to this Financing Agreement as a whole and not to any particular Article, Section or other subdivision. c) The terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular and the singular as well as the plural. d)All accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles as consistently applied. e) Any terms not defined herein but defined in the Indenture shall have the same meaning herein. f)The terms defined elsewhere in this Financing Agreement shall have the meanings therein prescribed for them. Section 1.3. Exhibits. There are no exhibits attached to and by reference made a part of this Financing Agreement. End of Article 1) 6 - I\11853148.2 ARTICLE II. REPRESENTATIONS Section 2.1. Representations by Issuer. Issuer represents and warrants that: a) The Issuer is a municipal corporation duly organized and validly existing under the laws of the State. Under the provisions of the Act, the Issuer is authorized to enter into the transactions contemplated by this Financing Agreement and to carry out its obligations hereunder. The Issuer has been duly authorized to execute and deliver this Financing Agreement. b)The Issuer agrees to provide funds from the issuance of the Series 2017 Bonds for financing a portion of the cost of the construction of the Project, to the end that industry and the economy may be diversified,job opportunities promoted and redevelopment accomplished. c) The Issuer covenants that it will timely pay the TIF Revenues to the Trustee as provided in the Indenture. The Issuer represents and warrants that the TIF Pledge Resolution of the Redevelopment Commission was validly adopted and constitutes a valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms. Section 2.2. Representations by Developer. Developer represents and warrants that: a) Developer is a limited liability company duly organized, existing and authorized to do business under the laws of the State of Indiana, is not in violation of any provision of its Articles of Organization or Operating Agreement, has not received notice and has no reasonable grounds to believe that it is in violation of any laws in any manner material to its ability to perform its obligations under this Financing Agreement, has power to enter into and to perform its obligations under this Financing Agreement and has duly authorized the execution and delivery of this Financing Agreement by appropriate corporate action. b) All of the proceeds from the Series 2017 Bonds (including any income earned on the investment of such proceeds) will be used solely for Costs of Construction. c)The Developer intends to operate or cause the Project to be operated as an economic development facility under the Act until the expiration or earlier termination of this Financing Agreement as provided herein, unless the Developer has sold or otherwise transferred the Project to a Surviving Corporation (as hereinafter defined) in accordance with Section 3.3 of this Financing Agreement. d) Neither the execution and delivery of this Financing Agreement, the consummation of the transactions contemplated hereby nor the fulfillment of or compliance with the terms and conditions of this Financing Agreement, will contravene the Developer's Articles of Organization or Operating Agreement or any law or any governmental rule, regulation or order presently binding on the Developer or conflicts with or results in a breach of the terms, conditions or provisions of any agreement or instrument to which Developer is now a parry or by which it is bound, or constitutes a default under any of the foregoing, or results in the creation or imposition ofany liens, charges, or encumbrances whatsoever upon any of the property or assets of Developer under the terms of any instrument or agreement. 7 - I\11853148.2 e) The execution, delivery and performance by the Developer of this Financing Agreement do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any federal, state or other governmental authority or agency, not previously obtained or performed. f)Assuming the due authorization, execution and delivery thereof by the other parties thereto, this Financing Agreement has been duly executed and delivered by the Developer and constitutes the legal, valid and binding agreement of the Developer, enforceable against the Developer in accordance with its terms, except as may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors' rights in general. g)There are no actions, suits or proceedings pending, or, to the knowledge of the Developer, threatened, before any court, administrative agency or arbitrator which, individually or in the aggregate, might result in any material adverse change in the financial condition of the Developer or might impair the ability of the Developer to perform its obligations under this Financing Agreement. h) No event has occurred and is continuing which with the lapse of time or the giving of notice would constitute an event of default under this Financing Agreement. i)The Developer expects to complete construction of the Project by December 31, 2018. 0) The Developer agrees that it will act in good faith in making bidding opportunities available to employ qualified, price-competitive, City of South Bend contractors with respect to the construction in the Area. k)The Developer agrees that it will act in good faith in making bidding opportunities available to purchase equipment and supplies from qualified, price competitive, suppliers and to hire qualified City of South Bend residents as employees ofthe Project. Section 2.3. Financing of Series 2017 Bond Proceedsby Issuer. Concurrently with the execution and delivery hereof, the Issuer is issuing the Series 2017 Bonds and is lending the proceeds from the sale thereof to the Developer by making the deposits and payments specified in Section 3.1 and 4.4 of the Indenture. End of Article II) 8 - I\11853148.2 ARTICLE I11. PARTICULAR COVENANTS OF THE DEVELOPER Section 3.1. Consent to Assignments to Trustee. The Developer acknowledges and consents to the assignment of the Issuer's rights hereunder to the Trustee pursuant to the Indenture and agrees that the Trustee may enforce the rights, remedies and privileges granted to the Issuer hereunder other than the rights of the Issuer to receive payments under Sections 3.9 and 3.11 hereof and agrees to execute and deliver supplements and amendments to this Financing Agreement pursuant to Section 8.1 hereof. Section 3.2. General Covenants. (a) The Developer covenants and agrees with and for the express benefit of the Issuer, the Trustee and the owners of the Bonds that the Developer shall perform all of its other obligations, covenants and agreements hereunder, without notice or demand. b)Until such time as the 2017 Bonds shall have been fully paid, or provision for the payment thereof shall have been made in accordance with the Indenture, the Developer: ( i) will perform and observe all of its agreements contained in this Financing Agreement; and (ii) will not terminate this Financing Agreement for any cause, including, without limiting the generality of the foregoing, failure of the Developer to complete the Project, the occurrence of any acts or circumstances that may constitute failure of consideration, eviction or constructive eviction, destruction of or damage to the Project, commercial frustration of purpose, any change in the tax laws of the United States of America or of the State or any political subdivision of either thereof, or any failure of the Issuer or the Trustee to perform and observe any agreement, whether express or implied, or any duty, liability or obligation arising out of or connected with this Financing Agreement or the Indenture. Section 3.3. Continuing Existence and Qualification; Assignment, Sale or Other Disposition of Facilities. The Developer covenants that so long as any Bonds are outstanding, it will maintain in good standing its corporate existence and qualification to do business in the State, will not dissolve or otherwise dispose of all or substantially all of its assets and will not consolidate with or merge into another entity or permit one or more other entities to consolidate with or merge into it; provided that the Developer may, without violating its agreement contained in this Section, consolidate with or merge into another corporation or other entity, or permit one or more other corporations or other entities to consolidate with or merge into it, or sell or otherwise transfer to another corporation or entity all or substantially all of its assets as an entirety and thereafter dissolve, provided the surviving, resulting or transferee entity (such corporation being hereinafter called the " Surviving Corporation") ( if other than the Developer) expressly accepts, agrees and assumes in writing to pay and perform all of the obligations of the Developer herein and be bound by all of the agreements of the Developer contained in this Financing Agreement to the same extent as if the Surviving Corporation had originally executed this Financing Agreement, and the Surviving Corporation is an Indiana corporation or is a foreign corporation or partnership, trust or other person or entity organized under the laws of one of the states of the United States and is qualified to do business in the State of Indiana as a foreign corporation or partnership,trust or other person or entity. 9 - I\11853148.2 Section 3.4. Developer Duties Under Indenture. The Developer agrees to perform all matters provided by the Indenture to be performed by the Developer and to comply with all provisions of the Indenture to be complied with by the Developer. Section 3.5. Assignment, Sale or Other Disposition of Project. Any sale, lease or other disposition of the Project or any portion thereof is subject to the conditions of Section 3.10 hereof. Section 3.6. Trustee's Rightto Perform Developer's Covenants; Advances. If the Developer shall fail to (i) complete or cause the completion of the construction of the Project, or ii) fail to make any payment or perform any other act required to be performed hereunder, then and in each such case the Trustee, upon not less than 5 days' prior written notice to the Developer, may (but shall not be obligated to) remedy such default for the account of the Developer and make advances for that purpose. No such performance or advance shall operate to release the Developer from any such default, and any sums so advanced by the Trustee shall be repayable by the Developer on demand and shall bear interest at the Trustee bank's prime rate plus two percent(2%) from the date of the advance until repaid. Section 3.7. Indemnity. The Developer will pay, protect, defend, indemnify and save the Issuer, the Commission, the Redevelopment Commission and the Trustee harmless from and against, all liabilities, losses, damages, costs, expenses (including attorneys' fees and expenses of the Issuer and the Trustee), causes of actions, suits, claims, demands and judgments of any nature arising from or relating to the Project, or this Financing Agreement (except with respect to any breach of any of Issuer's or Trustee's covenants, agreements, representations or warranties included in this Financing Agreement and except for damage resulting from willful or negligent actions by the Trustee or the Issuer). If any proceeding is instituted for which indemnity may be sought under this Section 3.7, the party that may seek such indemnity shall notify the Developer and the Issuer in writing in a timely manner to allow the Developer to defend any action or claim in such proceeding. The indemnifications set forth herein shall survive the termination of this Financing Agreement and the resignation or removal ofthe Trustee. Section 3.8. Funding of Indenture Funds; Investments. The Issuer shall deposit with the Trustee proceeds from the sale of the Series 2017 Bonds in the manner specified in Article 3 of the Indenture, and the Trustee shall deposit such proceeds in the manner specified in such Article. The Developer and the Issuer agree that all moneys in any Fund established by the Indenture shall, at the written direction of the Developer,be invested in Qualified Investments. The Trustee is hereby authorized to trade with itself in the purchase and sale of securities for such investments, and may charge its ordinary and customary fees for such trades, including cashsweep account fees. The Trustee shall not be liable or responsible for any loss resulting from any such investment properly obtained in accordance with the Developer's direction. All such investments shall be held by or under the control of the Trustee and any income resulting therefrom shall be applied in the manner specified in the Indenture. Although the Issuer and the Developer each recognizes that it may obtain a broker confirmation or written statement 10 - I\11853148.2 containing comparable information at no additional cost, the Issuer and the Developer hereby agree that confirmations of permitted investments are not required to be issued by the Trustee for each month in which amonthly statement is rendered. No statement need be rendered for any fund or account if no activity occurred in such fund or account during such month. Section 3.9. Completion of Project. (a) The Developer agrees that it will use reasonable efforts to cause to be made, executed, acknowledged and delivered any contracts, orders, receipts, writings and instructions withany other persons, firms, corporations or partnerships and in general do all things which may be requisite or proper, all for constructing, equipping and completing the Project by December 31, 2018. The Developer agrees, for the benefit of the Issuer and the Bondholders and in order to fulfill the purposes of the Act, to complete the construction and assembly of the Project and to pay from other funds of the Developer that portion of the costs as may be in excess of the moneys available therefor in the Construction Fund. The Issuer does not make any warranty, either express or implied, that the moneys, which will be paid into the Construction Fund and which under the provisions of this Financing Agreement will be available for payment of the costs of the construction and assembly of the Project, will be sufficient to pay all the costs which will be incurred in that connection. The Developer shall not be entitled to any reimbursement therefor from the Issuer,the Trustee, or the holders of any of the Bonds. b)The Issuer has, in Section 4.3 of the Indenture, authorized and directed Trustee to make payments from the Construction Fund to pay the Costs of Construction, or to reimburse Developer or the Issuer for any Costs of Construction paid by it in the manner and subject to the provision of Section 4.3 thereof. c) The Completion Date shall be evidenced to Trustee and the Developer by a certificate signed by an Authorized Representative of the Issuer in compliance with the provision of Section 4.3(b) of the Indenture and any excess proceeds in the Construction Fund at such time shall be deposited in the Bond Fund and used to prepay the 2017 Bonds as provided in Section 4.2(a)hereof. Section 3.10. Sale, Substitution, or Lease of the Project. The Developer, subject to the written consent of the Issuer(which consent shall not be unreasonably withheld), may sell, lease or transfer or otherwise dispose of the Project or any portion thereof only if the sale, lease or transfer or other disposition shall not relieve the Developer from liability from the performance of all of the obligations of this Financing Agreement, except as permitted by Section 3.3 hereof, unless the transferee accepts, agrees and assumes in writing to pay and perform all of the obligations of the Developer herein and be bound by all of the agreements of the Developer contained in this Financing Agreement to the same extent as if the transferee had originally executed this Financing Agreement. Section 3.11. Section 118 Nonshareholder Contribution. The Developer shall treat and report the TIF Revenues paid by the Redevelopment Commission to the Trustee in the aggregate amount of$3,500,000 as a non-shareholder contribution from the Issuer to the Developer under Code Section 118 ("Nonshareholder Contribution"). 11 - I\11853148.2 Section 3.12. Section 118 Tax Accounting. The Developer shall cause the tax balance sheet of the Developer to reflect a reduction in basis attributed to the exclusion of the Nonshareholder Contribution from taxable income under Code Section 118 as required under Code Section 362. In no event shall the Developer take any depreciation deductions attributable to the Nonshareholder Contribution at any time. End of Article III) 12 - I\11853148.2 ARTICLE IV. APPLICATION OF SERIES 2017 BOND PROCEEDS Section 4.1. Use of 2017 Bond Proceeds by Issuer. Concurrently with the execution and delivery hereof, the Issuer is issuing the Series 2017 Bonds and is depositing the proceeds from the sale thereof with the Trustee for the use of the Developer by making the deposits and payments specified in Section 3.1 and 4.3 of the Indenture; provided such proceeds shall be used solely in connection with the development of the Project and advanced and used solely in accordance with the terms ofthis Financing Agreement and the Indenture. Section 4.2. Use of TIF Revenues. Issuer covenants as follows: a)Upon receipt of Written Request of the Developer pursuant to Section 4.3(b) of the Indenture, the Trustee shall distribute sums for Costs of Construction of the Project as those costs are incurred until the Trustee has distributed in the aggregate total amount of Three Million Five Hundred Thousand Dollars ($3,500,000). All of the foregoing is for the benefit of the holders of the Series 2017 Bonds, to the end that industry and the economy may be diversified and job opportunities promoted and retained, and to secure the Series 2017 Bonds by pledging the TIF Revenues to the Trustee. b) The Issuer covenants that, to the extent collected, it will timely pay the TIF Revenues to the Trustee as provided in Section 4.4 of the Indenture, provided that the Issuer shall have no other obligation with respect to the Series 2017 Bonds. Section 4.3. Estoppel Certificate. The Issuer shall, upon reasonable request of the Developer, provide the Developer (or such person as the Developer requests) with a certificate stating that an Event of Default by Developer has not occurred hereunder as of the date of such certificate,provided that such state of facts are true. End of Article IV) 13 - 1\11853148.2 ARTICLE V. EVENTS OF DEFAULT Section 5.1. Events of Default. (a) The occurrence and continuance of any of the following events shall constitute an "event of default" hereunder: i) failure of the Developer to observe and perform any covenant, condition or provision hereof, including all warrants and representations, and to remedy such default within 30 days after notice thereof from the Trustee to the Borrower, unless the Issuer shall have consented thereto in writing; or ii) the entry of a decree or order for relief by a court having jurisdiction in the premises in respect of the Developer in an involuntary case under any applicable bankruptcy, insolvency or similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of the Developer or for any substantial part of its property, or ordering the windup or liquidation of its affairs; or the filing and pendency for ninety days without dismissal of a petition initiating an involuntary case under any other bankruptcy, insolvency or similar law; or iii) the commencement by the Developer of any voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, whether consent by it to an entry to an order for relief in an involuntary case and under any such law or to the appointment of or the taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of the Developer or of any substantial part of its property, or the making by the Developer of any general assignment for the benefit of creditors, or the failure of the Developer generally to pay its debts as such debts become due, or the taking of corporate action by the Developer in furtherance of any ofthe foregoing. b) Subject to the further provisions of this Article V, during the occurrence and continuance ofany Event of Default hereunder, Issuer shall have the rights and remedies hereinafter set forth in addition to any other remedies herein or provided at law or in equity provided that the Issuer shall have the right to assign and delegate all such remedies to the Trustee, who may exercise any or all such remedies): i) Advances to Cure. In addition to the provisions of Section 3.5, the Issuer may, but shall have no obligation to, cure such Event of Default or make advances to do so and shall be entitled to recover such sums from the Construction Fund or other 2017 Bond proceeds or from the Developer. ii) No Further Proceeds. The Issuer shall, upon an Event of Default, be entitled to direct the Trustee to cease honoring draw requests from the Construction Fund or from other proceeds of the 2017 Bonds and the Developer shall not be entitled to further draws from the Construction Fund or be entitled to other proceeds from the 2017 Bonds. 14 - I\11853148.2 iii) Right to Bring Suit, Etc. The Issuer, with or without entry, personally or by attorney, may in its discretion, proceed to protect and enforce its rights by a suit or suits in equity or at law, whether for recovery of amounts due, for damages or for the specific performance of any covenant or agreement contained in this Financing Agreement or in aid of the execution of any power herein granted, or for the enforcement of any other appropriate legal or equitable remedy, as the Issuer shall deem most effectual to protect and enforce any of its rights or duties hereunder against Developer; provided, however that all costs incurred by the Issuer under this Article V including its attorneys' fees and costs of collection, shall be paid on demand to the Issuer by the Developer. The Developer acknowledges and agrees that the breach of some of their obligations cannot be cured by the payment of money and that equitable relief is an appropriate remedy. Section 5.2. Remedies Cumulative. No remedy herein conferred upon or reserved to the Trustee is intended to be exclusive of any other remedy or remedies, and each and every such remedy shall be cumulative, and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute. Section 5.3. Delay or Omission Not a Waiver. No delay or omission of the Trustee to exercise any right or power accruing upon any event of default shall impair any such right or power, or shall be construed to be a waiver of any such event of default or an acquiescence therein; and every power and remedy given by this Financing Agreement to the Trustee may be exercised from time to time and as often as may be deemed expedient by the Trustee. Section 5.4. Reserved. Section 5.5. Remedies Subject to Provisions of Law. All rights, remedies and powers provided by this Article may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law in the premises, and all the provisions of this Article are intended to be subject to all applicable mandatory provisions of law which may be controlling in the premises and to be limited to the extent necessary so that they will not render this Loan Agreement invalid or unenforceable under the provisions of any applicable law. Section 5. 6. Waiver of Events of Default. If after any event of default shall have occurred under this Financing Agreement and prior to the Trustee exercising any ofthe remedies provided in this Article, the Developer shall have completely cured such default, such default may be waived at the discretion of the Issuer and, if so waived, shall be rescinded and annulled by the Trustee by written notice given to the Developer. End of Article V) 15 - 1\1 1853148.2 ARTICLE VI. IMMUNITY Section 6.1. Immunity. No covenant or agreement contained in the Bonds, this Financing Agreement or the Indenture shall be deemed to be a covenant or agreement of any member of the Issuer or the Commission or of any officer or employee of the Issuer, the Commission or their legislative and fiscal bodies in his or her individual capacity, and neither the members of the Issuer, the Commission, nor any officer or employee of the Issuer executing the Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance of the Bonds. End of Article VI) 16 - I\11853148.2 ARTICLE VII. SUPPLEMENTS AND AMENDMENTS TO THIS FINANCING AGREEMENT Section 7.1. Supplements and Amendments to this Financing Agreement. Subject to the provisions of Article 10 of the Indenture, the Developer and the Issuer may, with the consent of the Trustee, from time to time enter into such supplements and amendments to this Financing Agreement as to them may seem necessary or desirable to effectuate the purposes or intent hereof. End of Article VII) I 17 - I\11853148.2 ARTICLE VIII. DEFEASANCE Section 8.1. Defeasance. If provision shall have been made for the satisfaction and discharge of the Indenture as provided therein, then and in that case this Financing Agreement shall thereupon cease, terminate and become void; and this Financing Agreement, and the covenants of the Developer contained herein, shall be discharged and the Issuer and the Trustee in such case on demand of the Developer and at its cost and expense, shall execute and deliver to the Developer a proper instrument or proper instruments acknowledging the satisfaction and termination of this Financing Agreement. End of Article VIII) 18 - 1\11853148.2 ARTICLE IX. MISCELLANEOUS PROVISIONS Section9.1. Financing Agreement for Benefit of Parties Hereto. Nothing in this Financing Agreement, express or implied, is intended or shall be construed to confer upon, or to give to, any person other than the parties hereto, their successors and assigns the Trustee, any right, remedy or claim under or by reason of this Financing Agreement or any covenant, condition or stipulation hereof, and the covenants, stipulations and agreements in this Financing Agreement contained are and shall be for the sole and exclusive benefit of the parties hereto, their successors and assigns, the Trustee and the holder of the Series 2017 Bonds. Section 9.2. Severability. If any one or more of the provisions contained in this Financing Agreement or in the Series 2017 Bonds shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein, shall not in any way be affected or impaired thereby. Section 9.3. Limitation on Interest. No provisions of this Financing Agreement shall require the payment or permit the collection of interest in excess of the maximum permitted by law. If any excess of interest in such respect is herein provided for, or shall be adjudicated to be so provided for herein, neither the Developer nor its successors or assigns shall be obligated to pay such interest in excess of the amount permitted by law, and the right to demand the payment of any such excess shall be and hereby is waived, and this provision shall control any provisions of this Financing Agreement inconsistent with this provision. Section 9.4. Addresses for Notice and Demands. All notices, demands, certificates or other communications hereunder shall be sufficiently given and shall be deemed given when mailed by registered or certified mail, postage prepaid, with proper address as indicated below. The Issuer, the Developer and the Trustee may, by written notice given by each to the others, designate any address or addresses to which notices, demands, certificates or other communications to them shall be sent when required as contemplated by this Financing Agreement. Until otherwise provided by the respective parties, all notices, demands certificates and communications to each of them shall be addressed as follows: To the Issuer: City of South Bend, Indiana 227 West Jefferon Blvd., Suite 1400N South Bend, IN 46601 Attention: Controller To the Developer:RDistrict Two LLC 6561 Lonewolf Drive, Suite 100 South Bend, IN 46601 Attention: Manager 19 - 1\11853148.2 To the Trustee: Pt Source Bank South Bend, IN 46601 Attention: Corporate Trust Department Section 9.5. Successors and Assigns. Whenever in this Financing Agreement any of the parties hereto is named or referred to, the successors and assigns of such party shall be deemed to be included and all the covenants, promises and agreements in this Financing Agreement contained by or on behalf of the Developer, or by or on behalf of the Issuer, shall bind and inure to the benefit of the respective successors and assigns, whether so expressed or not. Section 9. 6. Counterparts. This Financing Agreement is being executed in any number of counterpa rts, each of which is an original and all of which are identical. Each counterpart of this Financing Agreement is to be deemed an original hereof and all counterparts collectively are to be deemed but one instrument. Section 9.7. Governing Law. It is the intention of the parties hereto that this Financing Agreement and the rights and obligations of the parties hereunder and the rights and obligations of the parties thereunder, shall be governed by and construed and enforced in accordance with, the laws of the State. End of Article IX) i 20 - 1\11853148.2 IN WITNESS WHEREOF, the Issuer has caused this Financing Agreement to be executed in its name by its authorized officers and has caused its corporate seal to be hereunto affixed, and the Developer has caused this Financing Agreement to be executed in their names, all as of the date first above written. RDISTRICT TWO LLC By: Printed: Title: 1\11853148.2 CITY OF SOUTH BEND, INDIANA Mayor SEAL) Attest: Controller This instrument prepared by Lisa A. Lee, Ice Miller LLP, One American Square, Suite 2900, Indianapolis, Indiana 46282-0200. 2 - 1\11853148.2 ICE MILLER LLP DRAFT FOR DISCUSSION PURPOSES ONLY May 3,2017 BOND PURCHASE AGREEMENT BOND PURCHASE AGREEMENT, dated as of the day of 2017, by andamong the CITY OF SOUTH BEND, INDIANA("City"), a municipality organized and existing under the laws of the State of Indiana, RDistrict Two LLC, an Indiana limited liability company ("Company") and Regional Development Authority of Northern Indiana Purchaser"). WITNESSETH: WHEREAS, the City has duly authorized the issuance of its bonds designated "Taxable Economic Development Revenue Bonds, Series 2017 (Studebaker Project)" ('Bonds") in the aggregate principal amount of $3,500,000 by the adoption of its Bond Ordinance on June 12, 2017, a true and correct copy of which is incorporated hereinby reference ("Bond Ordinance") and as described in the Trust Indenture, dated as of June 1, 2017 ("Indenture") between the City and 1 st Source Bank, as trustee ("Trustee"); and WHEREAS,the Purchaser has authorized the purchase of the Bonds; NOW, THEREFORE, THE CITY, THE COMPANY AND THE PURCHASER AGREE: Section 1. Purchase and Sale of the Bonds. (a) The Purchaser hereby agrees to purchase the Bonds and the City hereby agrees to use its best efforts to issue the Bonds and to sell the Bonds to the Purchaser in the face amount of$3,500,000. The Bonds shall be dated their date of issuance and shall be paid for in installments and the first installment shall be for to be deposited with Trustee pursuant to the Indenture, and shall be subject to optional redemption prior to their stated maturity as set forth in Exhibit A attached hereto and made a part hereof. The Bonds shall bear interest at the rate of 1% per annum and shall accrue interest on the outstanding balance of the Bond from the date of issuance of the Bonds based upon the average daily balance of the Bonds. The other terms of the Bonds are set forth in the Bonds and the Indenture. The Bonds shall constitute a contract between the City and the Purchaser, as the owner of the Bonds. b) The Bonds shall be issued in minimum denominations of$100,000 and integral multiples of$1,000 thereafter and shall be numbered from R-1 upward if more than one Bond shall be delivered. c) The City has taken or will take prior to closing all actions required by law to enable it to issue its Bonds. d) Prior to delivery of the Bonds by the City, the Purchaser will provide an investment letter to the effect that by acceptance of the Bonds the Purchaser will be deemed to have consented to all of the terms and provisions of the Bond Ordinance, the Indenture and the Financing Agreement (both as defined in the Indenture) and will represent that: i) It is a sophisticated investor and is familiar with securities such as the Bonds. 1\11862988.2 ii) It is familiar with the City; it has received such information concerning the City, the Bonds and the TIF Revenues (as defined in the Indenture) as it deems to be necessary in connection with investment in the Bonds. It has received, read and had an opportunity to comment upon and has consented to the provisions of the Indenture, the Bonds and the Financing Agreement. Prior to the purchase of the Bonds, it has been provided with the opportunity to ask questions of and receive answers from the representatives of the Issuer concerning the terms and conditions of the Bonds, the tax status of the Bonds, legal opinions and enforceability of remedies, the security therefor, and property tax reform, and to obtain any additional information needed in order to verify the accuracy of the information obtained to the extent that the Issuer possesses such information or can acquire it without unreasonable effort or expense. We are not relying on Ice Miller LLP for information concerning the financial status of the Issuer or the ability ofthe Issuer to honor its financial obligations or other covenants under the Bonds,the Indenture or the Financing Agreement. iii) It is acquiring the Bonds for its own account with no present intent to resell; and will not sell, convey, pledge or otherwise transfer the Bonds without prior compliance with applicable registration and disclosure requirements of state and federal securities law. iv) It has investigated the security for the Bonds, including the availability of TIF Revenues, to its satisfaction, and it understands that the principal on the Bonds is payablesolely from TIF Revenues. It further understands that the Issuer does not have the power or the authority to levy a tax to pay the principal of or interest on the Bonds. v) It understands that under current law the City's collection of the TIF Revenues may be limited by operation of IC 6-1.1-20.6, which provides taxpayers with a tax credit for all property taxes attributable to difference classes of property in an amount that exceeds certain percentages of the gross assessed value of that property. It understands that the Issuer may not levy a property tax or borrow money to make up any shortfall due to the application of this tax credit. vi) It recognizes that: (a) the opinions it has received express the professional judgment of the attorneys participating in the transaction as to the legal issues addressed herein; ( b) by rendering such opinions, the attorneys do not become insurers or guarantors of ( i) that expression of professional judgment; (ii) the transaction opined upon; or (iii) the future performance of parties to such transaction; and (c) the rendering of the opinions does not guarantee the outcome of any legal dispute that may arise out of the transaction. vii) It understands that the City has no continuing disclosure obligation on the Bonds. viii) It understands that interest on the Bonds is taxable for federal income tax purposes. 2- I\11862988.2 e) Simultaneously with the delivery to, or at the direction of, the Purchaser of the Bonds, which Bonds shall be substantially in the form set forth in the Indenture, the City shall furnish to the Purchaser a transcript of proceedings and the opinion of Ice Miller LLP, bond counsel, addressed to the Trustee as to, among other things,the validity of the Bonds. Section 2. If any provision of this Purchase Agreement shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such provision shall not affect any of the remaining provisions of this Purchase Agreement and this Purchase Agreement shall be construed and be in force as if such invalid or unenforceable provision had not been contained herein. Section 3. This Purchase Agreement may be executed in one or more counterparts, any ofwhich shall be regarded for all purposes as an original and all of which constitute but one and the same instrument. The Purchaser, the Company and the City each agree that they will execute any and all documents or other instruments and take such other actions as may be necessary to give effect to the terms ofthis Purchase Agreement. Section 4. No waiver by either the Purchaser, the Company or the City of any term or condition of this Purchase Agreement shall be deemed or construed as a waiver of any other terms or conditions, nor shall a waiver of any breach be deemed to constitute a waiver of any subsequent breach, whether of the same or of a different section, subsection, paragraph, clause, phrase or other provision of this Purchase Agreement. Section 5. This Purchase Agreement merges and supersedes all prior negotiations, representations, and agreements among the Purchaser, the Company and the City relating to the subject matter hereof and constitutes the entire agreement among the Purchaser, the Company and the City in respect hereof. 3- 1\11862988.2 IN WITNESS WHEREOF, we have hereunto set our hands as of the day first above written. CITY OF SOUTH BEND, INDIANA Mayor COUNTERSIGNED: Controller Attest: Clerk I\11862988.2 IN WITNESS WHEREOF, I have hereunto set my hand as of the day first above written. REGIONAL DEVELOPMENT AUTHORITY OF NORTHERN INDIANA, as purchaser By: Printed: I! I\11862988.2 IN WITNESS WHEREOF, I have hereunto set my hand as ofthe day first above written. RDISTRICT TWO LLC, an Indiana limited liability company By: Printed: 1\11862988.2 EXHIBIT A Maturity Schedule Date Amount Rate 201 3,500,000 1% Optional Redemption The Bonds are subject to optional redemption by the Issuer on any date, upon seven (7) days' notice, in whole or in part, in such order of maturity as the Issuer shall direct in writing and by lot within maturities, at face value, without premium, plus in each case accrued interest to the date of redemption. 1\11862988.2 f BILL NO. 17- RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,INDIANA, STRONGLY ENDORSING AND RECOMMENDING IMPLEMENTATION OF A PILOT EMPLOYMENT PROGRAM TO REDUCE PANHANDLING WITHIN THE CITY OF SOUTH BEND AND FOR AN APPROPRIATION WITHIN THE 2018 CITY BUDGET OF MONIES TO FUND SUCH PILOT PROGRAM WHEREAS,the City of South Bend, like many cities within the country, has experienced solicitation of money by people who are often having financial hardships and other types of distress from fellow citizens, particularly in warmer months within downtown South Bend and at busy street corners throughout the City; and WHEREAS, the conduct of personally soliciting money from others in public places, known as panhandling, can be uncomfortable, awkward, and unpleasant for the person being solicited as well as being a loss of dignity for the solicitor; and WHEREAS, the City of South Bend has enacted laws to regulate and reduce this conduct at Chapter 13, Article 2, Sections 25 through 27 of the South Bend Municipal Code which has helped curb aggressivepanhandling but does not affect its root causes of poverty and homelessness; and WHEREAS, other cities have initiated programs to curtail panhandling such as installing bright parking style meters where visitors and residents can donate to local non-profits rather than hand cash to panhandlers, and providing gift cards and mittens to those in need; and WHEREAS, the city of Portland, Maine, population around 67,000, has started a constructive, innovative program based on a similar one in Albuquerque, New Mexico population around 546,000) which Portland has titled the "Portland Opportunity Crew. It offers to pay panhandlers the city's minimum wage plus lunch for a six hour work day cleaning public parks and spaces, after which social services including job training are made available; and WHEREAS, the Portland Opportunity Crew program estimated cost is around 41,000.00, and Portland appropriated $25,000 in early May 2017 to fund a pilot program for 36 weeks, and the Albuquerque program began with a $50,000 budget but now receives $181,000 annually ofwhich nearly $61,000 is donated; and WHEREAS, giving persons the opportunity to improve the community for fair compensation in lieu of incurring the stigma and discomfort of begging for money provides dignity to the individual in need, and reduces the frustration and irritation of persons being solicited for funds; and WHEREAS, The Mayor and the South Bend Common Council will soon begin the 2018 budget process and the Council requests and recommends that the Administration include i Y funding within the 2018 budget in the sum of$25,000.00 to initiate a pilot program similar to the Portland Opportunity Crew. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: Section I. The Common Council hereby expresses its strong endorsement of and recommendation for the implementation in South Bend, Indiana, of a program similar to the Portland [Maine] Opportunity Crew to address constructively and innovatively the social problems of panhandling within the City of South Bend. Section II. The Common Council hereby states that it requests and encourages the City Administration to provide within the 2018 budget the sum of $25,000.00 to commence such a program on a pilot basis Section III. This Resolution shall be in full force and effect from and after its adoption by the Co on C cil. le- O avis,Vice Pr ommon ouncil e ' i lams- ommo ci Kare L. White, Common Cou&H at Large Jo e Signing of t:is b i i 1 1 is cj}t'y to pcvm an opportunity fOr pubk h6aM9 and Cound acorn(Xi this Is", Filed in Clerk's Office PRESENTED JUN 06 2017 Not APPROW KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN ADOP rrl This Republican mayor has an incredibly simple idea to help the homeless. And it seems t... Page 1 of 3 V,he Washilt-0on Post Inspired Life This Republican ma orY has an incredibly simplep idea to help the homeless. And it seems to be working. By Colby Itkowitz August 11,2016 Republican Mayor Richard Berry was driving around Albuquerque last year when he saw a man on a street corner holding a sign that read: " Want a Job.Anything Helps." Throughout his administration,as part of a push to connect the homeless population to services,Berry had taken to driving through the city to talk to panhandlers about their lives.His city's poorest residents told him they didn't want to be on the streets begging for money,but they didn't know where else to go. Seeing that sign gave Berry an idea. Instead of asking them,many of whom feel dispirited,to go out looking for work,the city could bring the work to them. Next month will be the first anniversary ofAlbuquerque's There's a Better Way program,which hires panhandlers for day jobs beautifying the city.In partnership with a local nonprofit that serves the homeless population,a van is dispatched around the city to pick up panhandlers who are interested in working.The job pays $9 an hour,which is above minimum wage,and provides a lunch.At the end ofthe shift,the participants are offered overnight shelter as needed. https://www.washingtonpost.com/news/inspired-life/wp/2016/08/1 1/this-republican-mayor-... 6/ 6/2017 This Republican mayor has an incredibly simple idea to help the homeless. And it seems t... Page 3 of 3 He now has a support system he didn't know he needed and definitely didn't know existed,"she said."It's life-changing for them. He was one that said,`I would much rather earn my money than have someone hand it to me.'" Dozens of cities around the country have reached out to Berry wanting to copy the program.It's a testament,he said,to the work mayors do regardless of political party. He was the first Republican mayor elected in Albuquerque in 30 years,he said,and he's proactively tackling homelessness. The program hasn't weeded out all panhandling in the city,and supporters say that's not really the point. It's connecting people who would otherwise not seek help to needed services.And it's showing them when they are at their lowest that they have real value, and that others are willing to show them kindness to help them have a better life. It's helping hundreds of people," Berry said, " and our city is more beautiful than ever." Want more inspiring news and ideas to improve your life?Sign up for the Saturday Inspired Life newsletter. Colby Itkowitz is the lead anchor of the Inspired Life blog.She previously covered the quirks of national politics and the federal government. !I Follow @colbyitkowitz https://www.washingtonpost.com/news/inspired-life/wp/2016/08/1 1/this-republican-mayor-... 6/6/2017 PrintFriendly.com: Print & PDF Page 1 of 9 To Portland panhandlers, program may offer welcome change: Jobs P www.pressheraid.com/2017/03/05/to-panhandlers-program-may-offer-welcome-change-jobs/ By Randy Billings Dana Burnell said he'd rather be working. But that's difficult when you're homeless and struggling with substance abuse issues, he said, standing at the intersection of Somerset and Franklin streets in Portland holding a cardboard sign that asks for money so he can buy something to eat. I've always been a working man," he said on a recent weekday morning, shortly before a driver handed him 2. "1 write `work' on my sign and get few offers." Soon, panhandlers such as Burnell may not have to look far to find work. City officials are working on a 36-week pilot program to offer day jobs to panhandlers. A city social worker would drive a van around tobusy intersections and offer panhandlers a chance to earn $10.68 an hour cleaning up parks and other light labor jobs. They would be paid at the end of each day. Panhandling has been a growing concern in U.S. cities such as Portland, where business owners worry the practice puts a damper on tourism and some residents and visitors complain about panhandlers asking for money on sidewalks and at stoplights. In recent years, panhandlers have spread into smaller communities and staked out street corners in places such as Biddeford, Scarborough, South Portland, Wells, Augusta and Bangor. Journalism you can trust. We need it now more than ever. Get a digital subscription to the Portland Press Herald Communities' responses have ranged from passing ordinances that restrict begging to discouraging people from giving directly to panhandlers. Two years ago, Augusta's police chief grew so frustrated with panhandlers that he took a day off to stand at an intersection with a cardboard sign telling people to donate to charities, rather than panhandlers. In 2015, Bangor police sent out a similar message on Facebook about donating to charities, prompting a dozen people to panhandle in front of the police station in protest. Portland, like Bangor, has an ordinance against aggressive panhandling. In 2013, Portland banned loitering and panhandling on street medians, citing public safety concerns. The law for street medians was challenged by several residents and the American Civil Liberties Union of Maine, and ultimately was deemed an unconstitutional infringement on free speech by the courts. littps://www.printfriendly.com/print?url_s=uGGC_%7E_PdN_%7E_PcS_%7E_Pc SJJJmCE... 6/6/2017 PrintFriendly.com: Print & PDF Page 2 of 9 Similar bans were discussed in Bangor and Biddeford, but dropped. Bangor's police department now collects donations of mittens and gift cards to distribute to those in need. Biddeford City Manager James Bennett said his city would still like to do something. "If we had a workable solution, there would be interest in it," Bennett said. With court decisions striking down restrictions, many communities around the country are looking for more constructive ways to tackle panhandling and homelessness, according to Eric Tars, a senior attorney for the National Law Center on Homelessness & Poverty, a Washington, D.C.-based nonprofit that is dedicated to ending and preventing homelessness. Cities such as New Haven, Connecticut; Orlando, Florida; and Denver, Colorado, have begun installing brightly colored parking-style meters where well-intentioned visitors and residents can make donations to local nonprofits rather than hand money to panhandlers. A dozen meters installed in Orlando have raised about $2,250 since 2011, according to The Associated Press, while Denver has raised $ 100,000 a year by using the meters, collection boxes near airport security checkpoints and a new program that allows people to text donations. In Portland, a downtown merchants organization has formed its own group to look at ways to address panhandling, which local business owners believe is a black eye on the city's tourism industry. Casey Gilbert, executive director of Portland Downtown, said it's too soon to say what recommendations the group will make. https://www.printfriendly.com/print?url_ s=uGGC_%7E_PdN_%7E_Pc S_°/`7E_Pc SJJJmC E... 6/6/2017 PrintFriendly.com: Print & PDF Page 3 of 9 r 1 Y r 4+rr r r 00 t A r 4011 Aaron Root.i.'i.panl and es t the ex,:,c u c ook Cro,sing shopping center on the Portland/Westbroek city line late last month.He says medical issues keep him from working,but he takes no pleasure from panhandling,either."I hate it,"he said "With every car that passes by,a piece of my soul goes away."Staff photo by Gregory Rec PORTLAND OPPORTUNITY CREW' The latest creative response to panhandling is to offer jobs. Communities such as San Jose, California, and Chicago are trying innovative work programs for panhandlers, and publicity about a new work program in Albuquerque, New Mexico, is helping to spread the idea, Tars said. It is in line with the best evidence out there about taking a constructive, alternative approach rather than criminalizing homelessness," Tars said. While Albuquerque is nearly eight times the size of Portland —a population of nearly 545,852 compared to Portland's nearly 67,000 residents— Portland City Manager Jon Jennings hopes to replicate some of the success of Albuquerque's program. littps://www.printfriendly.com/print?Curl_s=uGGC_ g/ o7 E_PdN_°/`7E_PcS_g/ o7E_Pc SJJJmCE... 6/6/2017 PrintFriendly.com: Print & PDF Page 4 of 9 ry In September 2015,Will Scroth was among the first homeless people to be hired by an innovative program in Albuquerque to provide day jobs to panhandlers.Officials in Portland hope to replicate some of that New Mexico city's success here in Maine.Albuquerque Journal/Marla Brose We know there are stillgoing to be peoplestanding on street corners," Jennings said. " But we're trying to help people who feel they have to do that and give them hope for a positive future." The proposal to create the "Portland Opportunity Crew," as it is being called, originallywas due to go before the City Council's Health and Human Services Committee on Feb. 14, but it was rescheduled to March 28 to allow staff more time to fine-tune the details. The goal is not only to reduce the number of panhandlers standing at intersections, but also to connect people with social services that could put them on a path to healthier and more productive, stable lives, officials said. We want to make sure people have opportunities in the city and they aren't relegated to panhandling as their only way to make ends meet," said City Councilor Belinda Ray, who leads the Health and Human Services Committee. "It's an exciting idea to think we might be able to do something, but I need to see the details before I weigh in." According to a draft proposal, Portland's program would run two days a week from April to November. An employee in the city's Social Services Division would drive a city-owned van to popular panhandling intersections and offer people a day's worth of work cleaning city parks and public spaces and doing some light landscaping. The city would accept the first five people who agree to work each day. https://www.printfriendly.com/print?url_s=uGGC_%7E PdN_°/a7E PcS_%7E_PcSJJJmCE... 6/6/2017 PrintFriendly.coni: Print& PDF Page 5 of 9 Participants would be paid the city's minimumwage of$10.68 an hour—which is higher than the state minimum of$9 an hour—for a six-hour day. They would also get breakfast, lunch and water. At the end of the day, they would be taken to the city's Social Services Division so they can not only get paid, but also be offered other services, such job training and other support. Some panhandlers could get longer-term employment with the city, or with local landscaping companies that may partner with the city. The city would place signs at busy intersections telling people about the program. Eventually, the city would like to add some sort of fundraising component for local charities, according to Julie Sullivan, the senior adviser to the city manager who will present the recommendation to the council committee. i 0 DONA Enbq org After being picked up on various street corners in a van.a crew of panhandlers starts the morning with doughnuts and milk before getting to work cleann- out overgrown tumbleweeds in Albuquerque. N.M..in 2015.The workers make$9 a hour-Albuquerque Joumal/Marla Brose THE EXPERIENCE IN ALBUQUERQUE The pilot program would cost $42,000, primarily for wages, food, fuel for the van and city staffing. Sullivan said the city is seeking funding through foundations and grants, including an application through the city's Community Development Block Grant program, which is intended to help low-income people and neighborhoods. Sullivan said the program is different from workfare, which requires able-bodied recipients who work in order to receive General Assistance. Panhandlers don't always have contact with city social service workers, she said. https://www.printfriendly.com/print?url_s=uGGC_%7E_PdN_%7E_PcS_%7E_PcSJJJmCE... 6/6/20 17 PrintFriendly.com: Print & PDFPage 6 of 9 They're notcurrently engaged with us," Sullivan said. " We want to be able to get these folks to earn more money more safely, and get them hooked up with services." That approach has worked well in Albuquerque, according to Mayor Richard Berry, who launched "There's a Better Way" in 2015. According to data on the city's website, 1,689 day jobs have been given as of Feb. 6, resulting in the cleanup of 398 city blocks, including the removal of 117,601 pounds of litter. Twenty people have received housing through the program and 151 people have received mental health or substance abuse services. It's just simple enough it works great," Berry said in an interview with the Maine Sunday Telegram. "This has done a lot more than I thought it would. Our beautiful city is even better than before." Berry said prospective workers are receptive when approached with dignity and respect and become more motivated when someone believes in their ability to accomplish something. It'samazing what people can do when you give them a chance," he said. Albuquerque relies on a local nonprofit agency that focuses on homelessness to administer and run the program, while the city provides funding. Signs are placed at busy intersections, encouraging people to donate to nonprofits through a website that is operated by their local United Way. Albuquerque's program began with a $50,000 budget, but now receives $ 181,000 a year. Community donations have reached nearly $60,000. "Now I can tell my City Council it was a good investment," Berry said. Kellie Tillerson, the employment director of the St. Martin's Hospitality Center, the nonprofit homeless agency that has partnered with the city, said the additional funding has allowed them to expand the program from two days a week to four days. The program has provided work to 488 people, she said, noting that more than 200 of those people have accessed employment services. We have business owners, homeowners, and other agencies that hire our workers for small jobs" for one day at a time, she said. " This program has proven to be a good way to fill the gap in employment while the workers access our Job Development services and seek permanent employment." Berry said he would advise Portland to keep the program simple and agile by partnering with a local nonprofit. It should also have crews working in high-profile areas and neighborhoods, so the community can develop a connection to the program. THE REACTION FROM PANHANDLERS There appears to be some street-level interest in the program in Portland, based on a city survey and on interviews with panhandlers by the Maine Sunday Telegram. Sullivan said city staff surveyed 30 panhandlers last October, half of whom were homeless. She said 85 percent of them said they'd be interested in participating in such a program. Nearly half indicated they panhandle seven days a week and 75 percent said they makeonly $ 10 to $20 a day. Three out of four people said they had a long-term mental health or physical disability and 60 percent said they had substance abuse issues, Sullivan said. https://www.printfriendly.com/print?url_ s=uGGC_%7E_PdN_%7E_PcS_%7E_PcSJJJmCE... 6/6/2017 PrintFriendly.com: Print & PDFPage 7 of 9 Burnell is one of the panhandlers who said he would happily take a job. I would definitely hop in the van," Burnell said. " I would much rather be working than be out here getting hollered at." A number of people interviewed by the newspaper said some panhandlers would be unwilling or unable to participate in the program. Aaron Root said he has health issues that require blood transfusions and prevent him from working. The 41- year-old flies a cardboard sign seven days a week at various locations near Brighton Avenue at the Portland-Westbrook line. He said he is trying to get on disability for his medical condition and has a housing voucher, but can't find an apartment. If he earns enough money on a street corner, he and his girlfriend stay at the Motel 6. If not, they take a bus into town and stay at the city shelter. Recently), I'm spending a week in the hospital every month," Root said. " It's tough to find an employer who will work with that." Homeless through "a series of unfortunate eventsand bad decisions," Root said he takes no pleasure in panhandling. I hate it," he said. " With every car that passes by, a piece of my soul goes away. For every little bit I get, my soul goes away a little bit more." 5 r R 7 a K Jr OnOn Riverside Street,22-year-old panhandler Bryan Tardiff expressed support for the jobs program that is under consideration in Portland,but added:"I make more money flying a sign than I do at a full-time job."Staff photo by Gregory Rec littps://www.printfriendly.com/print?url_s=uGGC_%7E_PdN_%7E PcS_%7E_PcSJJJiiiCE... 6/6/2017 PrintFriendly.com: Print & PDF Page 8 of 9 At another nearby intersection, Bryan Tardiff voiced support for the city program, but also warned that some panhandlers make more per hour than the city wouldpay. The 22-year-old said he can make $80 to $ 100 in as little as two hours flying a sign, enough to outweigh the shame and abuse that come with panhandling, including people yelling at him and throwing full cups of soda at him. I make moremoney flying a sign than I do at a full-time job," he said. ADVOCATES EMPHASIZE VOLUNTEER ASPECT Bill Higgins, an advocate for Preble Street's Homeless Voices for Justice, a Portland-based advocacy group of people who have experienced homelessness, said the city needs to make it clear that working is optional and city staff should not pressure people to participate. It's got to be presented as a volunteer thing, and they have to tell the people exactly what they will be doing for work thatday, so they'll have the opportunity to make a sound decision," Higgins said. "They have the right to be standing there. (The city doesn't) have the right to force anyone to do anything." Tars, the attorney from the National Law Center on Homelessness & Poverty, shared similar concerns. He worried that the community may take a more negative view of disabled panhandlers who cannot participate in the program. Most people have either a physical or mental disability that prevents them from doing this. If you make this as an option, the city will find no shortage of people," he said. " Those who don't—or can't— because of a disability shouldn't be penalized or viewed more dimly." Randy Billings can be contacted at 791-6346 or at: email protected] Twitter: randybillings Share rIZI a 10C Read or Post Comments Send questions/comments to the editors. Want the news vital to Maine? Our daily headlines email is delivered each morning. This field is for validation purposes and should be left unchanged. https:Hwww.printfriendly.com/print?url_s=uGGC_%7E_PdN_%7E—PcS_%7E_PcSJJJmCE... 6/6/2017 Alkeyna Aldridge From: Alkeyna Aldridge Sent: Wednesday, June 07, 2017 8:39 AM To: Alkeyna Aldridge Subject: FW: "South Bend Program Would Pay Panhandlers To Work Councilman Proposes Resolution Based On What Other Cities Do" - South Bend Tribune Article From: oliver6thdist @aol.com [mailto:oliver6thdist @aol.com] Sent: Wednesday,June 07, 2017 6:01 AM Cc: Oliver J. Davis Subject: " South Bend Program Would Pay Panhandlers To Work Councilman Proposes Resolution Based On What Other Cities Do" -South Bend Tribune Article lttp•//www southbendtribune.com/news/local/south-bend-program-would-pay-panhandlers- o-work/article 32af2362-1352-5eOb-8965-2cf088e6b1d1.html South Bend Program Would Pay Panhandlers To Work ouncilman Proposes Resolution Based On What Other Cities Do - By Jeff Parrott South Bend Tribune, June 6, 017 k group of common council members, led by Oliver Davis, D-6th (Karen L. White, Regina Williams-Preston, and John Ioorde), plans to propose a resolution Monday asking the city administration to offer day work to panhandlers. The city vouldpay them the minimum wage for city employees, $ 10.10 an hour, and would also try linking them to social services or more permanent help. he resolution doesn't specify the type of work the panhandlers would do, but it references similar programs in Portland, laine and Albuquerque, N.M., where the jobs have involved cleaning public parks and spaces. Davis is acting now becaus he city is beginning to craft next year's budget, and he's asking the administration to earmark $25,000 for the effort in the 018 budget request it presents to the council. The resolution helps give the administration a framework of what we'd like to see in place and budgeted," Davis said. `'W, lon't really have to recreate the wheel... since programs are already out there and having some degree of success." Mow is the Link to Read the Full Article - ittp://www.southbendtribune.com/news/local/south- bend-program-would- pay-panhandlers-to- Nork/article 32af2362-1352-5eOb- 8965- 2cf088e6b1dthtml o4SpU T$ U C W PEA CE y x 1865 OFFICE OF THE CITY CLERK KAREEMAH FOWLER,CITY CLERK Filed in Clerk's Office June 6, 2017 Tim Scott, President JUN 06 2017 South Bend Common Council I(AREEMAH FOWLER Dear Mr. Scott CITY CLERK,SOUTH BEND,IN One renewal application for the operation of Scrap Metal/Junk Dealers/Recycling Operations has been received. In accordance with procedure for the renewal of city business licenses,this application were submitted to the Police Department, Fire Inspection Bureau, and Department of Code Enforcement for inspection. The following property were inspected: South Bend Metal Recycling LLC In addition,have received favorable recommendations regarding Police,Fire, Code enforcements' Environmental compliance; also for proper maintenance of the premises and areas outside the fences and the height and condition of the fencing, I will be present at both the committee meeting and the public hearing; I can be reached 574-245-6052 or irmolnar cr,southbendin.gov if there are any questions or concerns before that time. Sincerely, Joseph Molnar Ordinance Violations Bureau Clerk Office of the City Clerk 227 W.Jefferson Blvd. South Bend, IN 46601 Office:245-6052 Voice:235-5935 TDD:235-5567 455 County-City Building•227 W.Jefferson Boulevard•South Bend,Indiana 46601 Phone 574-235-9221 •Fax 574-235-9173•TDD 574-235-5567•www.SouthBendIN.gov JENNIFER M.COFFMAN ALKEYNA M.ALDRIDGE JOSEPH R.MOLNAR CHIEF DEPUTY/CHIEF OF STAFF DEPUTY/DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROVING THE ISSUANCE OF SCRAP METAL/JUNK DEALERS/RECYCLING OPERATION LICENSES FOR CALENDAR YEAR 2017 PURSUANT TO SECTION 4-51 OF THE SOUTH BEND MUNICIPAL CODE WHEREAS, Section 4-51 of the South Bend Municipal Code sets forth the regulations addressing the licensing of scrap metal dealers,junk dealers and recycling operations; and WHEREAS, on June 6, 2017 the Ordinance Violations Bureau Clerk provided written notice to the City Clerk that the following business: South Bend Metal Recycling LLC has been approved for Scrap Metal Dealer, Junk Dealer, Transfer Station, Recycling Operations Licenses for the year 2017. WHEREAS, the license applications for all above-referenced businesses received favorable recommendations from the Department of Code Enforcement, Police Department, and the Fire Prevention Bureau. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, as follows: Section I. The license applications for the following business: South Bend Metal Recycling LLC Are approved in conformity with South Bend Municipal Code Section 4-51 and based upon the satisfactory review and inspection of the properties by the Department of Code Enforcement, Police Department, and the Fire Prevention Bureau as evidenced by the Ordinance Violation Bureau Clerk's communication to the City Clerk dated April 4th, 2017. Section II. This Resolution shall be in full force and effect from and after its adoption by the Council and approval by the Mayor. Member of the Common Council Filed in Clerk's Office JUN 06 2017 KAREEMAH FOWLER CITY CLERK,SOUTH BEND. IN SOU \ F U C I sa PEACE 1865 OFFICE OF THE CITY CLERK KAREEMAH FOWLER,CITY CLERK June 6, 2017 Councilmembers: Following is one (1)more business applying for a scrap metal license. This business decided late that they were going to renew their license. The file is organized with the original application first,the site map second, and third an individual sheet from each ofthe three approving entities Fire,Police, and Code Enforcement)marking their approval at the bottom. Sincerely, Joseph Molnar Ordinance Violations Bureau Clerk O Filed in Clerk's Office Office of the City Clerk 227 W.Jefferson Blvd. South Bend, IN 46601 JUN 06 2017 Office:245-6052 Voice:235-5935 KAREEMAH FOWLER TDD:235-5567 CITY CLERK,SOUTH BEND,IN 455 County-City Building-227 W.Jefferson Boulevard•South Bend,Indiana 46601 Phone 574-235-9221 •Fax 574-235-9173•TDD 574-235-5567•www.SouthBendIN.gov JENNIFER M.COFFMAN ALKEYNA M.ALDRIDGE JOSEPH R.MOLNAR CHIEF DEPUTY/CHIEF OF STAFF DEPUTY/DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK LICENSE APPLICATION FOR- SCRAP METAL DEALERS/JUNK DEALERSIRECYtLING OPERATIONS CITY OF SOUTH BEND, INDIANA South Bend Municipal Code Section 4-61 Filed in Clerk's 1. Check One: NEW RENEWAL 11. BUSINESS DATA JUN 06 11 KAREL--€/iA-*i4 F(;VA-ER- r ... - I A. Type of license applied for: CITY CLERK,SOU w SCRAP METAL DEALER JUNK DEALER RECYCLING OPERATION B. Business Name e)QnOA OQAW BZ4 L-J-(:1- bnC4 G. Business Address FS-700 S, G-Q- r v6,0- + City sw+h. &i Y A Statezip H.10(o D. Mailing Address(If different from above) City State Zip E. Business Telephone Number F. Business Fax Number G. E-mailAddress H. Zoning of proposed location aj).cku.,''Y'kckj 1.Lot size of premises at?12- 10 J. Type of fencing used V"N Please Continue to Page 2 (back of sheet) For Office Use Only AP jidAtibhd APAPP tIPA,FeePaid Police Dept Records Sent" 7 PoiceDep Crime-P rev:, dire Department Common Council p.proVa Code:Enforcemen# License fee P Building:Dept' License umb. Not Approved= eas Scrap Metal Dealer/Junk Dealer/Recycling Operation License Application Page 2 K. Are premises: Leasedby a pplicant owned by applicant? If leased:Name of owner Business address III. PERSONAL DATA A. Applicant's Legal Name C- Q CA e B. Residential Address Q City t' (_©.I r2 State i )c_ Zip C. Residential Telephone Number ct A09- oilZ D. SSN 313° -12-^ 73S9 E. Date of Birth 0(0 - 12- (CICO(jo IV. INCLUDE, WITH APPLICATION, A SITE PLAN OF THE FACILITY SHOWING PROPERTY LINES, BUILDINGS, PARKING SPACES, LOADING DOCKS, FUEL STORAGE, AND LANDSCAPING. V. INCLUDE, WITH APPLICATION, A $5.00 PROCESSING FEE VI. AFFIRMATION I, hereby, certify and affirm that all of the information I have given in this application is true and accurate to the best of my knowledge. I further certify and affirm that I have in no way attempted to mislead theCity in this application by omitting facts known to me. I have read and understand the regulations of the Scrap Metal Dealer/Junk Dealer/Recycling Operation/Transfer Station license found in the City of South Bend Municipal Code, Section 4-51. to ZvI Signature TDate z i C, 14 cr z Lu m C= Cl) c 2 UJ 0 c Z LZ Lj t< 0 LIJ LLJ w cr Cr LLJ ID) i C) LL Jf 90 Cp-kuo-AL G ST LICENSE APPLICATION FOR SCRAP UIETAL DEALERSIJUSIND NA ING OPERATIONS CITY OF souTH BEND South Bend Municipal Code Section 4-51 Filed in Clerk's Office I. Check One: NEW RENEWAL JUN 06 2017 KAREEMAH FOWLER 11. BUSINESS DATA CITY CLERK,SOUTH BEND,IN A. Type of license applied for: SCRAP METAL DEALER JUNK DEALER RE=CYCLING OPERATION B. Business Name G. Business Addres(s S , City _ cJC7.7 l n Staten Zip I D. Mailing Address (if different from above) CitY State Zip Q E. Business Telephone Number 82 I 3 F. Business Fax Number G. E-mail Address _ of E `• Lc t 1 H. Zoning of proposed location i.Lot si ze of p r e mises Q S J. Type of fencing used I+l Please Continue to Page 2 (back of sheet) For Office Use Oni Y_ App)icet on Filed Water Works iForce pept Y Records 17 co Fee Pa d, Appl eat n p4lloe fet Game P rr, Sent;to Departments FElke De artment Common Gounc l Approval . ltee>lise-ee:Patel i. Code Enforcement Buillmg pept Lipense Numiber Not Approved Reaso t TO: CITY CLERK DATE: MAY 15, 2017 RE: POLICE INVESTIGATION SCRAP METAL DEALER/JUNK DEALER/ RECYCLING OPERATION LICENSE APPLICATION In compliance with South Bend City Ordinance Sec. 4-51, the Police Department conducted an investigation into the following applicant: David C Krugh DOB: 06-12-1966/SSN: xxxx-7359 7087 Pipestone Road Eau Claire, MI 49111 South Bend Metal Recycling LLC 3700 S Gertrude Street South Bend, IN 46614 To determine whether to make a recommendation, the Police Department considered the criminal history of the applicant, if any, and the likelihood that granting the application will endanger the health, safety or welfare of the public. I sent a request to the South Bend Police Department Property Nuisance Officer about any reported (real or potential) problems at South Bend Metal Recycling LLC, 3700 S Gertrude Street. The Property Nuisance Officer, Officer Lane, reported none existed. Reviewing Police records for the applicant and business address, the Police Department found nothing substantive to warrant that the application be denied. As a result, the Police Department recommends that the City Clerk approve the application. If you have any questions or concerns, please contact me. Sincere) ert L nchsweerdt Support Division Chief Filed in Clerk's Office South Bend Police Department 701 W. Sample Street South Bend, IN 46601 JUN 0 6 2011 574-235-9264 KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN LICENSE APPLICATION FOR- SCRAP METAL DEALERS/JUNK DEALERS/RECYCLING OPERATIONS_ CITY OF SOUTH BEND, INDIANA South Bend Municipal Code Section 4-51 Filed in Clerk's Office I.Check One: NEW /0 RENEWAL JUN 06 2017 II. BUSINESS DATA KAREEMAH FOWLER A. Type of license applied for: CITY CLERK,SOUTH BEND, IN y 1— SCRAP METAL DEALER JUNK DEALER t RECYCLING OPERATION C4 B. Business Name 30LAII-A L-LC C. Business Address 3-700 City Ci b&r) A Stated Zip 4(0 to l 3 D. Mailing Address (If different from above)e e City II StateZip E. Business Telephone Number t "' 2Z-- 00 F. Business Fax Number G. E-mail Address CSU ` l N IQ- l . 1'1 ( 0 .• M H. Zoning of proposed location lnjAyS, kck_l I.Lot size of premises - A->o 10 ocXe-S J. Type of fencing used OOAC(eAOC-qcr, i Please Continue to Page 2 (back of sheet) I E 7-7777777— For Office Use Only E- ApplicationFiled .Water Works i Application Fee Paid Police Dept.—Records Sent to Departments Police Dept.=Crime Prev. Fire Department Common Council Approval Code E:n; forcement 7/ 4z2 License Fee Paid Building Dept: --License Number Not Approved 6 Reason: a 3 F l F to LICENSE APPLICATION FOR F SCRAM METAL DEALERS/JUNK DEALERS/RECYCLING 110NS CITY OF SOUTH BEND, INDIANA South 13end Municipal Code Section 4-51 Filed in Clerk's Office M Check One: NEW _RENEWAL FAN 0 6 2017 t I1, BUSINESS DATA KA AH FOWLED i A, Type of license a ppli ed for: CITY CLERK,SOUTH BEND,IN i 24 _ SCRAP METAL DEALER ' JUNK DEALER RECYCLING OPERATION y 1C1f --L 13. Business dame C, Business Address city 6 State- - ZIP D. Mailing Address(If different from ab ov e) I City State Zip E. Business Telephone Number „U 1 F. Business Fax N umber 6ILA-_ F7-f 100y G• E-mail Address sot H. Zoning of proposed location t. Lot size of pr e mi ses10 11 /? T C:'«t i k (0.rt i ti-Le_,"('•su'_ a J. Type of fencing used Please Continue to Page 2 (back of sheet) 3 l I a1•' F., ,77F 77 L: ?_'`` ii ks; i 3t= t>.Jgt-''. t n yt+'+1" t'.. r,:.. 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'•` - :.(N.t'• . ?: V' ” ,f,J. z L,t. 3µ i h.'.-..`'- M lF`•-M1t x 4 Q:2•_E-^.x•I:.FFTT ?i '``c, aY-..a1`1t Y::.l._h:>^cS:t;.-'-'-- i- ,t. =•` n r a.- m a x'. .iti4=i: c c y ,;1c' F.,mi l,•Vi a._L•- "i- c:. -- i-, i' •.: Z{:ti-.t`S•:iA,,,,,•1.,.: Siait.a ::•g•,(;c, -','_; ti e t> lia:; `"4:: •;-cC •°.• l 120ON COUNTY-CITY BUILDING O4 OUTH g PHONE 574/235-7678 227 W.JEFFERSON BLVD. f FAX 574/235-9928 SOUTH BEND, INDIANA 46601-1830v d a I'P.A A} I$6J CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR DEPARTMENT OF ADMINISTRATION AND FINANCE Filed in Clerk's May 30, 2017 Mr. Tim Scott, President JUN 0 7 City of South Bend Common Council 227 W. Jefferson Boulevard, 41 h Floor KAREEMAH South Bend, Indiana 46601 CITY CLERK SO RE: Parking Lot Lease at 214-216 West Wayne Street for City Employee and Contractor Use Dear President Scott, We request your approval of a parking lot lease for our City employees and contractors based on the following: There are roughly 130 full time employees working in and near the County City Building. Our current City-provided lot only has 50 parking spaces available (formers Shillings Lot); currently there are some employees who are parking in the lot by the building as well as some employees who have chosen to pay for their own parking. We have many summer interns that are unpaid and, due to the lack of space in the current lot, are required to find their own parking. The lot being requested for lease has 70 parking spaces; this lot will allow for all City employees as well as summer interns and various contractors to have access to safe, free parking. The lot is reasonably priced. Current spots around the building run from $35-$50 per space per month. Our price will be $20 per space per month. In an effort to be a great employer for great employees, having adequate, safe parking for our employees is very important. Thank you for your attention to this request. If you should have any questions, please feel to contact me at 574-235-9822. Regards, Jennifer C. Hockenhull EXCELLENCE ACCOUNTABILITY + INNOVATION INCLUSION EMPOWERMENT RESOLUTION NO. RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,INDIANA,APPROVING LEASE OF PARKING LOT LOCATED AT 214- 216 WEST WAYNE STREET WHEREAS, the City of South Bend("City")wishes to enter into a lease of a parking lot located at 214-216 West Wayne Street, South Bend, IN 46601 ("Property") owned by Mary Coyne Investments, LLC ("Landlord"); and WHEREAS, the City is requesting to lease the Property for use by the City of South Bend Employees and Contractors ("Employees"); and WHEREAS, the City seeks to lease of the Property for a term of five (5) years; and WHEREAS, the Board of Public Works held a public hearing with respect to the appropriateness of the proposed lease at its 2017 meeting; and WHEREAS, pursuant to I.C. § 36-1-10-7, the City has collect signatures from fifty (50) City residents within the neighborhood of the Property indicating their support ofthe lease of the Property. Said petition is attached hereto as Exhibit A and incorporated herein; and WHEREAS, pursuant to I.C. § 36-1-10-7, the Common Council must determine that the parking lot is needed and approve said lease of the Property. NOW,THEREFORE,BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: 1. The Common Council deems it necessary for the City to lease the Property located at 214-216 West Wayne Street for use by the City Employees. 2. The City of South Bend is hereby authorized to lease the Property. ADOPTED at a meeting of the Common Council of the City of South Bend, Indiana held on 2017, at the County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. Council Members 1 Tim Scott, President Regina Williams-Preston, Member Gavin Ferlic, Member David Varner, Member Randy Kelly, Member Oliver Davis, Member Jo Broden, Member John Voorde, Member Karen White, Member ATTEST: Kareemah Fowler, Clerk Filed in Clerk's Office JUN 0 7 2017 NESENUD KAHi=fcii FOVJLER NOT APPROVPCITY CLERK,SOUT BEAD, IN ADOPTF[7 Fife! in Clerk's Office . PARKING LOT LEASE JUN 0 7 2017 This Lease (the " Lease") is made April, 2017, between TheCity of South Ben ("Le see) and Mary Coy e Investments,LLC. ("Lessor"). KAP-,EEiVIAH FOWLER 1.Leased Premises. Lessor hereby leases to Lessee and Lessee hereby leases fro improvements and all appurtenances which consist ofthe entire parking facility located at 214-216 W.Wayne Street, South Bend,Indiana 46601 (parcel number 18-3 008-025 1)(the"Leased Premises"). 2.Lease Term.The term of this Lease shall be for an initial term of five years(5), commencing on May 1,2017.This Lease is subject to ratification from the South Bend Common Council. 3.Rent. In consideration hereof,the Lessee covenants and agrees to pay to Lessor,at the address set forth in Paragraph 14 or such other place as Lessor may from time-to-time designate in writing, rent for the Leased Premises in the following manner: a. Fixed Rent. Before the first (1st) day of each month during the term of this Lease, Lessee agrees to pay Lessor a fixed monthly rent of one thousand four hundred dollars($1,400.00)for the Leased Premises.If the commencement date is not the first day of a month, or if the Lease termination date is not the last day of a month, a prorated monthly installment shall be paid at the then current rate for the fractional month. Lessee agrees to pay an increase in rent of 3%per year following the first year. 4.Use. The Leased Premises shall be used for vehicle parking and related purposes and such other purposes as may be incidental thereto. Lessee shall have the right to install or erect at its expense, signage suitable for advertising purposes in or adjacent to the Leased Premises and any personal property or trade fixtures Lessee deems necessary for conducting business upon the Leased Premises in accordance with the uses and purposes provided herein. 5.1ndemnification. Lessee shall indemnify and hold harmless Lessor from any and all loss, costs (including reasonable attorney's fees), and liability on account of any damages, injuries, claims and demands to the extent caused by negligent errors, omissions or misconduct of Lessee, its agents or employees but only to the extent that same are caused by the negligence,misconduct or other fault of Lessee. Lessor shall indemnify and hold harmless Lessee from all loss,costs(including reasonable attorney's fees), and liability on account of any damages, injuries, claims and demands to the extent caused by the negligent errors, omissions or misconduct of Lessor, its agents or employees.Lessee shall not be liable for any loss or liability caused by orarising from: (a)any structural defect on or about the Leased Premises; (b)the design ofthe Leased Premises or any acts or omissions ofthe Lessor,Lessor's agents,employees, licensees, or invitees. 6.Insurance. The parties hereto acknowledge that Lessee is self-insured under Indiana law. Lessor shall, at its own cost and expense, insure its obligations hereunder and keep in effect for the Leased Premises: commercial general liability,and fire Insurance with additional coverage commonly known as supplemental contract or extended coverage, covering interests of the Lessor and the Lessee in amounts sufficient to pay, in full, all losses to the Leased Premises. 7.Utilities and Services. To the extent applicable, Lessor shall pay all utility and service charges relating to the Leased Premises. 8.1axes and Assessments. Lessor shall pay all taxes and assessments levied upon or assessed against the Leased Premises. 9.Permits and Licenses. Lessor warrants that it shall maintain any and all permits and licenses necessary for the Leased Premises to operate as a parking facility in South Bend,Indiana. 10.Duties of Lessee. Lessee shall keep the Leased Premises and adjacent sidewalk clean and free of snow and debris 11.Peaceable Possession. a. Lessor and Lessee warrant that they have the authority to enter into this Lease, and Lessor warrants that no law,ordinance or regulation prohibits the use ofthe Leased Premises for any vehicle parking business. Lessor shall execute or procure any necessary assurances oftitle that may reasonably be required for the protection Page 1 of 3 ofLessee. Lessor covenants that Lessee may peacefully hold and enjoy the Leased Premises during the lease term without any interruption by Lessor, its successors or assigns, or any other person or entity. b. Lessor and its authorized representatives shall have the right to examine and inspect the Leased Premises from time to time during usual business hours. c. Lessor represents and warrants that it has received no notice or knowledge of claimed violations of any law, ordinance or regulation relating to the Leased Premises. 12.Termination. In the event that either party breaches any covenant or obligation in this lease, the non-breaching party shall give the breaching party written notice of any intent to terminate this lease for such breach and of the cause therefore. Ifthe breaching party does not correct the breach specified within thirty(30)days(or,in the event the breach is of a nature that cannot be reasonably remedied within thirty (30) days, fails to commence to remedy such breach within thirty(30)days and continue with reasonable diligence to correct same)this Lease may then be terminated by thirty (30) days written notice by the non-breaching party to the breaching party for such uncured cause. Upon cancellation or termination of this Lease, Lessee shall be released from any further obligation under the terms ofthis Lease arising after the date of such termination. 13.Surrender. Upon the termination of this Lease by lapse of time or otherwise, Lessee agrees that it will surrender and deliver to Lessor possession of the Leased Premises. Lessee shall have the right to remove any and all of Lessee's personal property and trade fixtures prior to such surrender and delivery. 14.Notices. Any notices or communications required or requested to be given under the terms of this lease shall be deemed properly given ifmailed by United States mail,registered and with postage prepaid, if to: to Lessor at: to Lessee at: Mary CoyneInvestments, LLCDeputy City Controller 1428 Hamilton Avenue Department of Administration and Finance Cleveland, Ohio 44114City of South Bend ATTN: Michael F. Coyne,Esq. 27 W.Jefferson Blvd. South Bend, Indiana 46601 ATTN: Jennifer C. Hockenhull,CPA Addresses for notices may be changed by delivery notice of such change in the manner provided above. 15.Brokers. Lessor and Lessee each represent and warrant that they have not obligated the other to compensate any agent, attorney, broker or finder or their intermediary in connection with the negotiation, preparation or execution of this Lease. 16.Severability. If any provisions of this Lease shall be invalid or unenforceable, the remainder hereof shall nevertheless continue in full force and effect. 17.Entire Agreement. The Lease contains the entire agreement and understanding between the parties hereto, and may not be amended or changed except by agreement in writing executed by the parties. 18.Successors and Assigns. This Lease shall be binding upon and shall inure to the benefit ofthe parties hereto,their respective successors and assigns. IN WITNESS HEREOF, duly authorized representatives of Lessor and Lessee have executed this Agreement as of the date first written above. Lessor: Page 2 of 3 Lessee: Mary Coyne hlvestments, LLC. TheCity of South Bend - kri'UOVED Ard of Public Works By: I(Z By: APLK " LU I Name: l Name Title: M e M E/ Title: Filed in Clerk's Office JUN 07 2011 KAREEh4AH FOWLER CITY CLERK,SOUTH BEAD, IN Page 3 of 3 PETITION REQUESTING THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA TO ENTER INTO A LEASE AGREEMENT FOR THE PARKING LOT AT 214-216 W. WAYNE STREET TO THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH BEND, INDIANA: The undersigned, owners of taxable real estate in the City of South Bend, Indiana, petition the Board of Public Works of the City of South Bend, Indiana, pursuant to I.C. 36-1-10-7, to provide parking space for the City of South Bend Employees and Contractors by entering into a lease agreement with Mary Coyne Investments, LLC for 70 parking spaces. The lease shall be in effect for five (5) years for$16,800 annual rent with an automatic 3%increase per year. ONLY SOUTH BEND PROPERTY OWNERS CAN SIGN SIGN AND PRINT YOUR LEGAL NAME Jer)n ftpc e SIG IT RE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND a(fcl eSs2J l I C (- Ca C'i C(Z SIG ITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NA a TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNI R PRINTED NAME TITLE ADDRESS OF PROPERTY I D in er 's Office BEND I JUN 07 2017 KALREENIAH FOWLER CITY CLERK,SOLJTH S3, D,IN r C r SIGNITURE NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME l D 5 s . &ten TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND J l T t N I l n y SIGNITURE PRINTED NAME wNEYZ 118 S• G N ,ice TITLE ADDRESS OF PROPERTY O.'NFD IN SOUTH BEND SIGNITURE PRINTEiiD NAME TITLEADDRESS OF P`RbPERTY OWNED IN SOUTH BEND CC ll 01, SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND Lo L • 1 w. w,•e-t S ITURE PRINTED NAME SIGNITURE PRINTED NAME s20Ql-- card - TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE 11 II PRI NTED{' NAME r v C C-f•C-1 1 I i ' X L- C 1GL"ty l `7 '7 " d Y\( IlJln TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND f g 114& RE "SE RAJ SIGNITURE PRINTED NAME agef Si.W %17 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SI NITURE PRINTED NAME 2.222 BA41 E4 SOUTH TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE NTE/ AAMME 1 C rt L l 1 (G i 1 F (y/1 Gf/l L TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME buy n)E- e l tiz,46ETH TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND AiGJ dl SIGNITURE PRINTED NAME C)ci)f\ Ql s - KEf4t4ckfy S TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND LLf f t K SIGNITURE PRINTED NAME C) 9 11 Gp"-A,z,A TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME 143} Z . 4o.,.-oe SA,-ec+ TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND Vu /a ri. S C SIGNITURE t PRINTED NAME p TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND T SIGNITURE PRINTED NAME 1 C7 , a.# J li i 1 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE J PRINTED NAME F-- j I 1 1 IZ II'ZkF l"1I C 17 ELrc Jc"r0 ` 7 0 N6?mlF J TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND d June Xd Ier ilGNITURE PRINTED NAME 94jft2 4 &"k" /ruren / f3iss ll Sfr.e_ TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND I M 1 ax SIGNITURE PRINTED NAME 0 Lj Kz",- 7 3,5 —Ju"144 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME 16 04? TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND Hal L SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH 44 BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME 1- -s f,:c TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND OjKtv-, 0 S' hors 1 S'.m"- 6 SIGNITURE PRINTED NAME 1723 c= awM ' TITLE ADDRESS OF PROPERTY OWNED IN SOUTH Au*(— BEND C, C SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNIT PRINTED NAME kw kA I r 1 Aowsw- TITL ADDRESS OF PROPERTY OWNED IN SOUTH BEND 3-z SIGNITURE PRINTED NAME Lks SIGNITURE ` PRINTED NAME A,1 19 ?51 I, , d s u e. Lc^ c TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 17 SIGNITUREPRINTED NAME TITLEADDRESS OF PROPERTY OWNED IN SOUTH BEND r SIGNITURE PRINTED NAME 42olf A(5 AAO . TITLEADDRESS OF PROPERTY OWNED IN SOUTH BEND . J( SIG JURE PRINTED NAME d. iW TITLEADDRESS OF PROPERTY OWNED IN SOUTH BEND 17 a, SIGNITURE PRINTED NAME Z'-7>5- 41 TITLE ADDRESS OF PROPERTY OWNEDIN SOUTH lBEND SIGNITURE PRINTED NAME SIGNIT RE PRINTED NAME TITLE ADDRESS OF PROPSY OWNED IN SOUTH BEND SIGNI/T/URE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND LAJ SIGNITURE PR NTED NAME J0 y I'd TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND olds'- S SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME 10 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND S v Ave_ SIGNITURE PRINTED NAME r SIGNITUR PRINTED NAME T 1 J{t?21f i ISCV o Gt- 1 6'+ ,+ l 51 ICI I ( TITLEADDRESS OF PROPERTY OWNED IN SOUTH BEND I T E 7 n PRINTED NAME r/ tj.- 5b z DI , J t 4 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGN TUR PRINTED NAM TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEN CC SIGNITURE TED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND t ya- s SIGNITURE PRINTED NAME C) o er 119 W ye- TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME °-F^- PS SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 1200 CouNTY-CITY BUILDING 5T 227 W.JEFFERSON BOULEVARD O d PHONE 574/235-9241 SOUTH BEND,INDIANA 46601-1830 FAX 574/235-7670 v C TTY 574/235-5567 W PE AC E, _ a 1865 CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR DEPARTMENT OF LAW CRISTAL C.BRISCO ALADEAN M.DEROSE CORPORATION COUNSEL CITY ATTORNEY June 6,2017 Mr. Tim Scott,President Filed in Clerk's office City of South Bend Common Council 227 W.Jefferson Boulevard,4`''Floor JUN 07 2017 South Bend, Indiana 46601 KAREEMAH FOWLER RE: Office Lease Agreement w ith Shein Realty,LLC CITY CLERK,SOUTH BEND,IN Dear President Scott, We request Council's approval of a lease agreement between the City of South Bend, as agent for the ATF Disarmed Taskforce and Shein Realty,LLC.The purpose of this lease is to provide office space to accommodate a joint task force between the City's police department and the ATF. The relevant terms of the lease agreement are as follows: Lease will be approved by Board of Public Works on June 8, 2017 Yearly rent of$10,175.00,all ofwhich is reimbursed to the City by the ATF Lease is a one year term with the ability to renew under the same terms I will present this resolution to the Council at the appropriate committee meeting and at its regular meeting. Thank you for your attention to this request. If you should have any questions,please feel to contact me at 574-235-5860. Yours Truly, X0. Michael J. Schmidt Assistant City Attorney ELLIOT A.ANDERSON BENJAMIN J.DOUGHERTY ANDREA HUNTINGTON ASHLEY MILLS COLBORN MICHAEL J.SCHMIDT STEPHANIE STEELE RESOLUTION NO. RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,APPROVING LEASE OF BUILDING LOCATED AT 523 EAST JEFFERSON BLVD. WHEREAS,the City of South Bend ("City")wishes to extend its current lease of a building located at 523 East Jefferson Boulevard, South Bend, IN 46617 ("Property") owned by SheinRealty, LLC ("Landlord"); and WHEREAS,the City currently leases the Property for shared use by the South Bend Police Department("Police Department") and the Bureau of Alcohol, Tobacco, Firearms and Explosives (the "ATF") with the lease cost fully reimbursable by the ATF; and WHEREAS,the ATF reimburses the City for the rental payments made by the City to the Landlord; and WHEREAS,the City seeks to renew its lease of the Property for a term of one year with the possibility for renewal; and WHEREAS,the Board of Public Works will hold a public hearing with respect to the appropriateness of the proposed lease at its June 8, 2017 meeting; and WHEREAS, pursuant to I.C. § 36-1-10-7,the City instructed its Police Department to collect signatures from fifty (50) City residents within the neighborhood of the Property indicating their support ofthe lease ofthe Property. Said petition is attached hereto as Exhibit A and incorporated herein; and WHEREAS,pursuant to I.C. § 36-1-10-7, the Common Council must determine that the structure is needed and approve said lease of the Property. NOW, THEREFORE,BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: 1. The Common Council deems it necessary for the City,through its Police Department,to renew its lease ofthe Property located at 523 East Jefferson Blvd. for shared use by the City and the ATF. 2. The City of South Bend is hereby authorized to renew its lease of the Property. ADOPTED at a meeting of the Common Council of the City of South Bend, Indiana held on 2017, at the County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. 1 Council Members Tim Scott, President Regina Williams-Preston, Member Gavin Ferlic, Member David Varner, Member Randy Kelly, Member Oliver Davis,Member Jo Broden,Member John Voorde, Member Karen White, Member ATTEST: Kareemah Fowler, Clerk Filed in Clerk's Office JUN 0 7 2017 KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN lPRE'SENTED IOt APPROM 2 WPTIiD PETITION REQUESTING THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA TO ENTER INTO A LEASE AGREEMENT FOR THE OFFICE SPACE AT 523 E.JEFFERSON TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: The undersigned, owners of taxable real estate in the City of South Bend, Indiana, petition the Common Council of the City of South Bend, Indiana, pursuant to I.C. 36-1-10-7,to provide office jpace for the South Bend Police Department by entering into a lease agreement with Cari Grom n S0gi8d Iai!'.,? R'WYCe 798 square feet. The lease shall be in effect for one year with annual renev al up Tenant's option for$10,175 annual rent. JUN 0 7 2017 ONLY SOUTH BEND PROPERTY OWNERS CAN SIGN KAREEIVIAH FOWLER SIGN A D PRINT YOUR LE L NAME CITY CLERK,SOUTH BEND,IN F SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS iOF PROPERTY OWNED IN SOUTH BEND G l I V lo, men SIG PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND J f SIG UPRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND S. n1 4Ut C5 vVE E dr:ncv' P•of a6 L nf o oi`:Ry ChAns:4s S n r f o, 6 6:n 2Et y PLC _ SIGNITURE RINTEED NAME o T TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SI URE PRI A E U TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 0 o&: n SIGNITURE PRINTED NAME G TITLE A DRESS OF PROPERTY OWNED IN SOUTH BEND,,-- SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND Xgw f z SIGNITURE PRINTED NAME SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME ID-1 E. ckC rsc)p V . TITLE ADDRESS OF PROPERTY OWNED IN SOUTH 1I BEND SIGNITURE 4 PRINTED NAME S C -- ee TITLEADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGN E PRINTED NAME 71y 6VA &J- 54 n TITLE ADDRESS OF PROPERTY OWNED I SOUTH BEND SIGNITURE PRINTED NAME 71)6, F TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND i, SIGNITURE P INTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NA Ldp TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITL ADDRESS OF PROPERTY OWNED IN SOUTH BEND rum L D-0 `- 7- SIGNIT REPRINTED NAME TITLE ADD ESS OF PROPERTY OWNED IN SOUTH BEND ITURE PRINTED LIVIE V C 1 l f/ V t TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND Ph (do AL T SIGNITU E PRINTED NAME SIGNITURE PRINTED NAME SIGNITURE PRINTED NAME o . 3 ( c 2C, TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND rt-*KA C, 4" Al t 64 &,/ffd)v SIGNITURE PRINTED NAME 2 D , S y j 3 7 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND Vil ya SIGNITURE PRINTED NAME N w TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNI URE PRINTED NAME I TITLE ADDRESS OF PROPERTY OW D IN SOUTH BEND SIGNITURE PRINTED NAME 4 Z 5 lam •n TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME Zr J rsc y- 1 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND IrAL Z, C SIGNITUREPRIN ED NAME CaS TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND I& 4LW C-Llta- vo,con CCC SIGNITURE PRINTED NAME _ TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH ssa BEND p s(, SIGNITURE PRINTED NAME 1 J R 5 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH VfI1&y')V\ SIGN URE PRINTED NAME fJ TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME Siq —7c)—blqp- TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND X Ta a , u ) )0 o SIGNITURE PRINTED NAME TITLEADDRESS OF PROPERTY OWNED IN SOUTH BEND I I i SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME 17 s t- D Jl. / l TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND f r I SIGNITURE P INTED NAME 1 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND fi/o SIGNI URE PRINTED NAME SIGNITUREPRINTED NAME V TITLE AD RESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH JJ BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND lu r sc n ',-ll TIN gU(.p(`7 SIGNITTRV PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME q Q 1\--e--1 -- V os4o Y-) TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITUftV PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 1200 COUNTY-CITY BUILDING SOUTIl PHONE 574/235-9241 227 W.JEFFERSON BOULEVARD G FAX 574/235-7670 SOUTH BEND,INDIANA 46601-1830 TTY 574/235-5567 Itsdl x 1865 CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR DEPARTMENT OF LAW CRISTAL C.BRISCO ALADEAN M.DEROSE CORPORATION COUNSEL CITY ATTORNEY June 6, 2017 Filed in Clerk's Offiue Mr.Tim Scott,President City of South Bend Common Council JUN 0 7 2017 227 W.Jefferson Boulevard,4`' Floor South Bend, Indiana 46601 KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN RE: Lease Agreement with Zion United Church of Christ Dear President Scott, We request Council's approval of a lease agreement between VPA and Zion United Church of Christ. The purpose of this lease is to provide temporary space to accommodate the senior citizen programs during the renovation/reconstruction of the senior citizen facility at Howard Park. The relevant terms of the lease agreement are as follows: Lease was approved by the Board ofParks Commissioners on May 15,2017 Monthly rent of$100.00 Lease will remain in effect through March 31, 2019 Location minimizes potential disruption to senior citizen programs Onsite parking and snow clearing is included in lease I will present this resolution to the Council at the appropriate committee meeting and at its regular meeting. Thank you for your attention to this request. If you should have any questions,please feel to contact me at 574-235-5860. Yours Trulyn /j ."` Michael J. Schmidt Assistant City Attorney ELLIOT A.ANDERSON BENJAMINJ.DOUGHERTY ANDREA HUNTINGTON ASHLEY MILLS COLBORN MICHAELJ.SCHMIDT STEPHANIE STEELE O RESOLUTION NO. RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND,INDIANA,APPROVING LEASE OF COMMUNITY ROOM LOCATED AT 211 SOUTH ST. PETER STREET, SOUTH BEND,IN 46617. WHEREAS,the City of South Bend("City"),through its Board of Park Commissioners wishes to execute a lease of a community room located at 211 South St. Peter Street, South Bend, IN 46617, South Bend, IN 46617 ("Property") owned by Zion United Church of Christ("Landlord"); and WHEREAS,the City requires the temporary use of a community room for senior citizen activities during the construction of the senior center at Howard Park; and WHEREAS, the monthly rent shall be $100.00; and WHEREAS,the proposed lease shall remain in effect until March 31, 2019; and WHEREAS,the Board of Parks Commissioners held a public hearing with respect to the appropriateness of the proposed lease at its May 15, 2017 meeting; and WHEREAS pursuant to I.C. 36-1-10-7, the City has collected signatures fromp ty fifty (50) South Bend property owners indicating their support ofthe lease of the Property. Said petition is attached hereto as Exhibit A and incorporated herein; and WHEREAS,pursuant to I.C. § 36-1-10-7,the Common Council must determine that the structure is needed and approve said lease of the Property. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: 1. The Common Council deems it necessary for the City,through its Board of Parks Commissioners,to execute the lease for the Property located 211 South St. Peter Street, South Bend, IN 46617. 2. The City of South Bend is hereby authorized to execute the lease ofthe Property. ADOPTED at a meeting of the Common Council of the City of South Bend, Indiana held on 2017, at the County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. Council Members 1 Tim Scott, President Regina Williams-Preston, Member Gavin Ferlic,Member David Varner, Member Randy Kelly, Member Oliver Davis, Member Jo Broden, Member John Voorde, Member Karen White,Member ATTEST: Kareemah Fowler, Clerk Filed in Clerk's Office JUN 0 7 2017 KAREEMAH FOWLER CITYCLERK,SOUTH REND,IN KESEWW NOT APPRovrr-,- 2 IIDOPTFD PETITION REQUESTING THE BOARD OF PARKS COMMISSIONERS OF THE CITY OF SOUTH BEND, INDIANA TO ENTER INTO A LEASE AGREEMENT AT 211 SOUTH ST. PETER STREET, SOUTH BEND, IN 46617 FOR TEMPORARY USE AS A COMMUNITY ROOM FOR SENIOR CITIZENS ACTIVITIES TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: The undersigned, owners of taxable real estate in the City of South Bend, Indiana, petition the Common Council of the City of South Bend, Indiana, pursuant to I.C. 36-1-10-7, to provide a temporary community room for senior citizens while construction occurs at Howard Park by entering into i4ase agFeel-leRt with Zion United Church of Christ for access and use of its community room for$100.00 perFm oolin-a rNgi-O five shall be in effect until March 31, 2019. ONLY SOUTH BEND PROPERTY OWNERS CAN SIGN JUN 07 2017 SIGN AND PRINT YOUR LEGAL NAME KAREEMAH FDAILtR CITY CLERK,SOUTH BEND,IN SIGNITURE PRINTED NAME Spa S , y cz l-/ M 12 • S , +. TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND L SIGNITURE PRINTED NAME 4 42 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND x A/I SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND j SIGNITUREPRINTED NAME a. I TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 2® (- , E- 8Eg 1p SIGNITURE PRINTED NAME q 35 S ' TITLEADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 0 iri go D SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND I SIGNITURE PRINTED NAME 2y19 CheslYe 17r- TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 1 SIGNITURE PRINTED NAME c, Ll4,03 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND A-Aqklnu SIGNITUR PRINTED NAME e I I (n 5, hi-ill,ca TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND t SIGNITURE P INTED NAME l r TITLE ADDRESS OF PROPERTY OWNED IN SOUTH o' BEND c SIGNITUR PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME X35 a TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND Z C6auc.-e r C SIGNITURE PRINTED NAME l c v Q s i e e TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND „ ro ` S"." tit'' 4f SIGNITURE PRINTED NAME M TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME HTE H /A /ki t -j SIGNITURE PRINTED NAME SQ 'o 2 1 9 C),I ( A , L) 2 TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 1 SI NITURE PRINTED NAME Y TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND fok C o SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIG ITURE PRINTED NAME t Z ( 4 c 1 I. 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U4,4- TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND o), z je CLO tNIURE PRINTED NAME TITLE ADDRESS OF PROPER OWNED IN SOUTH BEND c Ao Saabr SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND rev, SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND h t SIGNITURE PRINTED NAME C)j)c\ca jj - 0( At/e, TITLE ADDRESS OF PROPERTY,OWNED IN SOUTH BEND U rsv,J 1 SIGNITURE PRINTED NAME ubvxk- TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNIT E PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND S NITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME 1 2zA SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 3(p SIG TURE - PRINTEP NAME W TITLE ADDRESS OF PROPERTY OWNED IN SOUTH eA)Vfi B E J SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH V,, BFND C SIGNITURE PRINTED NAME SA- r q/07 R TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND } SI RE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND n i t V lou (---AAyJQoJ O SIGNITU PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SI NITURE PRINTED NAME D J TITLE ADDRESS OF PROPERTY O NED IN SOUTH BEND Z CAZSIGNITURE,-PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME J TITLE ADDRESS OF PROPER OWNED IN SOUTH BEND U T0710 Sy I SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND J SIGNITURE PRINTED NAME T1TLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNIT RE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND O TJ p Z/ 41 SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH B END SIGNITURE 'PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME w a r SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND 3`3 V/-/ 57b,tiE 9LI.411Id f..? SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE 'PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME TITLE ADDRESS OF PROPERTY OWNED IN SOUTH BEND SIGNITURE PRINTED NAME LAWRENCE P. MAGLIOZZI EXECUTIVE DIRECTOR Angela M. Smith Deputy Director ARPEAPLLAN COMMISSION OF ST. JOSEPH COUNTY, IN 2 27 W. JEFFE RS ON BLVD., ROOM 1 1 40 COUNTY-C I TY B UILD ING, SOUTH BEND, INDIAN A 46601 (S74) 235-9571 June 5, 2017 South Bend Common Council 4''Floor, County-City Building South Bend, IN 46601 RE: Rezoning for 1709 West Lincolnway, South Bend, IN APC#2831-17 Dear Council Members: Enclosed is an Ordinance for the proposed Zone Map Amendment at the above referenced location. Please include the attached Ordinance on the Council agenda for first reading at your June 12, 2017 Council meeting, and set it for public hearing at your July 24, 2017. Council meeting. The petition is tentatively scheduled for public hearing at the July 18, 2017 Area Plan Commission meeting. The recommendation of the Area Plan Commission will be forwarded to your office by noon on the day following the public hearing. If you have any questions, please feel free to contact our office. Sincely, avid M Stanton, Jr. Planner CC: Aladean DeRoseFiled in Clerk's Office JUN 062017 KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN S ER VING ST. JOSEPH C OUNTY, SO UTH BEND, LAKEVIL LE, NEW CARLISLE, NORTH LIBERT Y, OSCEO LA & ROSELAND W W W.S TJ O S E P H C O U N T Y I N D I A N A.C O M/A R E A P L A N ORDINANCE NO. AN ORDINANCE AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT 1709 W. LINCOLNWAY, COUNCILMANIC DISTRICT NO. 2 IN THE CITY OF SOUTH BEND, INDIANA STATEMENT OF PURPOSE AND INTENT Automobile Repair NOW THEREFORE BE IT ORDAINED by the Common Council of the City of South Bend, Indiana as follows: SECTION 1. Ordinance No. 9495-04, is amended, which ordinance is commonly known as the Zoning Ordinance of the City of South Bend, Indiana, be and the same hereby is amended in order that the zoning classification of the following described real estate in the City of South Bend, St. Joseph County, State of Indiana: LOTS 39-40 OF AUGUSTINE'S ADDITION, EXCEPTING THEREFROM THE NORTHERN 51 .8 FEET be and the same is hereby established as CB Commercial Business District. SECTION II. This ordinance is and shall be subject to commitments as provided by Chapter 21- 09.02(d) Commitments, if applicable. SECTION III. This ordinance shall be in full force and effect from and after its passage by the Common Council, approval by the Mayor, legal publication, and full execution of any conditions or Commitments placed upon the approval. Member of the Common Council Attest: City Clerk Presented by me to the Mayor of the City of SouthBend, Indiana on the day of 2 at o'clockM. City Clerk Approved and signed by me on the day of 2 at o'clock M. Mayor, City of South Bend, Indiana Filed in Clerk's Office JUN 06 2017 KAREEMAH FOWLER CITY CLERK,SOUTH BEND,IN PETITION FOR ZONE MAP AMENDMENT City ofSouth Bend, Indiana I (we)the undersigned make application to the City of South Bend Common Council to amend the zoning ordinance as herein requested. 1) The property sought to be rezoned is located at: 1709 W Licoln Way South Bend, IN 46628 2) The property Tax Key Number(s) is/are: 18-2073-2690 3) Legal Descriptions: Lots 39-40 ofAugustine's Addition, excepting therefrom t Filed in Clerk's Office 4) Total Site Area: 0.24 acres 5) Name and address of property owner(s)of the petition site: J 6 2017 Monarch Industries Towel& Uniform Rental KAREEbIAH FOWLER2810 N Foundation Dr. South Bend, IN 46628 CITY CLERK,SOUTH SEND, IN Phone number with Area Code: Name and address of additional property owners, if applicable: 6) Name and address of contingent purchaser(s), if applicable: Name Fl IL ': 10 Address City, StateZip Code JUN O 3J 2L9'7 Phone number with Area Code r. E-Mail Address Name and address of additional property owners, if applicable: 7) It is desired and requested that this property be rezoned: From: LB Local Business District Additional zoning district, if applicable To: CB Community Business District 8) This rezoning is requested to allow the following use(s): Autombile repair IF VARIANCE(S)ARE BEING REQUESTED(if not,please skip to next section): 1) 1.) From the requiredfoundation landscaping to none; 2)From the required 7 parking spaces to 5 2) A statement on how each of the following standards for the granting of variances is met: a) The approval will not be injurious to the public health, safety, morals and general welfare of the community: b) The use and value of the area adjacent to the property included in the variance will not be affected in a substantially adverse manner; and: c) The strict application of the terms of this Ordinance would result in practical difficulties in the use of the property: IJ.i I - t0 n c r L O o ry' 1aa, j a I I _ Fir e_• .r 6 - °E-6 $N c• MW- M 8:6 SJAN+ w -I.: EM 74 cy i 3 c h m I c F y r I: r 1 r O 6 o F o J 7 R C W O y3S m i y Lu JL' ff O N S -.q; LAWRENCE P. MAGLIOZZI E X F.C.LIT IVL 1)1 RE CTOR Angela M. Smith Deputy Director AREA PLAN COMMISSION OF ST. JOSEPH COUNTY, IN 227 W. JLF FLRSON B L VD., ROOM 11+0 CO UNTY-CITY BUILDING, SOUIH BLND, INDIANA 46601 (S i+J 2i; ,-1 June 5, 2017 South Bend Common Council 4`h Floor, County-City Building South Bend, IN 46601 RE: Rezoning for 4640 South Michigan Street, South Bend, IN APC#2829-17 Dear Council Members: Enclosed is an Ordinance for the proposed Zone Map Amendment at the above referenced location. Please include the attached Ordinance on the Council agenda for first reading at your June 12, 2017 Council meeting, and set it for public hearing at your July 24, 2017. Council meeting. The petition is tentatively scheduled for public hearing at the July 18, 2017 Area Plan Commission meeting. The recommendation of the Area Plan Commission will be forwarded to your office by noon on the day following the public hearing. If you have any questions, please feel free to contact our office. Sincerely, avid M Stanton, Jr. Planner CC: Aladean DeRose Filed in Clerk's Office JUN 0 6 2011 KAREEMAH FOWLER CITY CLERK,SOUTH BEND, IN SERVING ST. JO SEPH COUNT Y, SOU TH BEND, L AKEVILL E, NEW CAR L I S LE, NOR TH LIBERTY, OSCEOLA & RO S E LA ND W W W.S T J O S E P H C O U N T Y I N D IANA.C O M t A R E A P L A N PETITION FOR ZONE MAP AMENDMENT City ofSouth Bend, Indiana I(we)the undersigned make application to the City of South Bend Common Council to amend the zoning ordinance as herein requested. 1) The property sought to be rezoned is located at: The properties east, south, and adjacent to theformer K-Mart located at 4640 South Michigan Street, namely the residences located at 237, 305, and 313 Reasor Street, a sliver offormer INDOT right-of-wayfor Reasor Street, four(4)vacantparcels created as part ofthe acquisition ofthe Fellows Street overpass, and the southernmost portion ofGurley Leep Ford dealership. 9parcels in total South Bend, Indiana 46614 2) The property Tax Key Number(s)is/are: 71-08-25-326-041.000-002(1.38 acre/ Gurley Leep(B-1)), -019.000- 002 (0.74 acres/ FellowsVacant Land(B-2)), -020.000-002(0.67 acres/Fellows Vacant Land(B-3)), -021.000-002 0.58 acres/ Fellows Vacant Land(B-3)), -022.000-002 (0.57 acres/ Fellows VacantLand(B-3)), -034.000-002 0.034 acres and 0.49 acres/Reasor INDOT Vacation and Residence(B-4 and B-5)), -033.000-002 (0.53 acres/ Reasor Residence(B-6)), -032.000-002 (0.47 acres/Reasor Residence(B-7)) 3) Legal Descriptions: Rezoning Depiction on Exhibit A and RezoningLegal Description on Exhibits B-1 to B-7 4) Total Site Area: 5.464 acres 5) Name and address of property owner(s)of the petition site: Menard, Inc., a Wisconsin corporation 5101 Menard Drive Eau Claire, WI 54703 715-876-2810 Attn: Tom ONeil/toneil@menard-inc.com 6 Name and address of additional property owners, if applicable: 0 2017 6) Name and address of contingent purchaser(s), if applicable: AREA F1J COs 1111'ItSSIOR! Not Applicable Filed in Clerk's Office Name and address of additional property owners, if applicable: 7) It is desired and requested that this property be rezoned: JUN 06 2017 From: GB General Business District SF1 Single Family Two Family rnKAREEMAH FOWLER r YrLERK SOUTH BEND,IN To: CB Community Business District 8) This rezoning is requested to allow the following use(s): Menards home improvement store IF VARIANCE(S)ARE BEING REQUESTED(if not,please skip to next section): 1) Not applicable 2) A statement on how each of the following standards for the granting of variances is met: a) The approval will not be injurious to the public health, safety, morals and general welfare ofthe community: ORDINANCE NO. AN ORDINANCE AMENDING THE ZONING ORDINANCE FOR PROPERTY LOCATED AT 4640 SOUTH MICHIGAN STREET; 237, 305, AND 313 REASOR STREET; 4637, 4701 , 4707, AND VACANT PARCEL SOUTH AND ADJACENT TO 4707 FELLOWS STREET; COUNCILMANIC DISTRICT NO. 5 IN THE CITY OF SOUTH BEND, INDIANA STATEMENT OF PURPOSE AND INTENT Establish a new Menards Home Improvement Store NOW THEREFORE BE IT ORDAINED by the Common Council of the City of South Bend, Indiana as follows: SECTION 1 . Ordinance No. 9495-04, is amended, which ordinance is commonly known as the Zoning Ordinance of the City of South Bend, Indiana, be and the same hereby is amended in order that the zoning classification of the following described real estate in the City of South Bend, St. Joseph County, State of Indiana: The northeast corner of US-31 and US-20 (St. Joseph Valley parkway) more particularly described as: LOT 2 OF GURLEY LEEP MINOR SUBDIVISION: AND LOTS 15 — 17 OF HARTMAN TERRACE, EXCLUDING ANY PORTIONS THEREOF SOLD TO THE STATE OF INDIANA: AND A PART OF THE EAST HALF OF THE SW QUARTER OF SEC. 25. T. 37 N.. R. 2 E., BEGINNING AT THE SW CORNER OF LOT 16 OF HAWBLITZEL ADDITION AMENDED PLAT; THENCE WEST 200.5 MORE OR LESS ALONG THE SOUTH LINE OF LOT 2 OF GURLEY LEEP MINOR SUBDIVISION TO THE SW CORNER OF SAID LOT 2; THENCE SOUTH 460' MORE OR LESS PARALLEL TO THE WEST LINE OF HAWBLITZEL ADDITION AMENDED PLAT, TO A POINT 114.82' MORE OR LESS NORTH OF THE NORTH LINE OF HARTMAN TERRACE; THENCE EAST PARALLEL TO THE NORTH LINE OF HARTMAN TERRACE 83.4' MORE OR LESS TO THE ROW OF FELLOWS ST.; THENCE NE AND NORTH TO THE SOUTH LOT LINE, EXTENDED, OF LOT 16 OF HAWBLITZEL ADDITION AMENDED PLAT: THENCE WEST ALONG SAID LOT LINE TO THE POINT OF BEGINNING. be and the same is hereby established as CB COMMUNITY BUSINESS DISTRICT. SECTION II. This ordinance is and shall be subject to commitments as provided by Chapter 21- 09.02(d) Commitments, if applicable. SECTION III. This ordinance shall be in full force and effect from and after its passage by the Common Council, approval by the Mayor, legal publication, and full execution of any conditions or Commitments placed upon the approval. Member of the Common Council Attest: City Clerk Presentedby me to the Mayor of the City of South Bend, Indiana on the day of 2 at o'clock M. City Clerk Approved and signed by me on the day of 2 at o'clock M. Mayor, City of South Bend, Indiana Tiled in Clerks Office f jN' '0 6 2017 831 Park Avenue South Bend,IN 46616 June 6,2017 Kareema N.Fowler,City Clerk Office of theCity Clerk Filed in Clerk's Office South Bend Common Council South Bend,455 County-City Building 227 W.Jefferson Boulevard JUN 06 2017 South Bend,46601 KAREEMAH FOWLER Dear Ms.Fowler an d South Bend Common Council Members, CITY CLERK,SOUTH BEND,IN I am petitioning the City of South Bend to vacate the east-west alley between me and my neighbor David Faulkner at 835 Park Avenue. Cars drive very close to my house,especially in the winter,and I am w orr ied that they will slide into the house. (The actual passage-way at points is not wide.) Dave and I would like to landscape but keep the alley available to utility workers. I believe very few neighbors would be inconvenienced. Thank you for your consideration. Cordially, Karen C. Gindele sp[I T1Ib I W PEACE SOUTH BEND COMMON COUNCIL PETITION TO VACATE PUBLIC RIGHTS-OF-WAY STREETS/ALLEY) DATE:June 6,2017 To the Common Council ofthe City of South Bend,Indiana. I(we),the undersigned property owner(s), petition you to vacate: 1. THE ALLEY DESCRIBED AS: E/W Alley from Park Ave to First N/S Alley Between Manitou&Riverside APPLICANT parcel ID: 018-1017-0698 2. THE STREET DESCRIBED AS: Park Avenue, South Bend, IN 46616 Abutting Property Owner(s)Signatures: Name(print): Signature Address Lot Number 1. Bays,Timothy J&Terri L ZZ7 f arkh ve,'v e 66 455 County-City Building•227 W.Jefferson Boulevard•South Bend,Indiana 46601 Phone 574-235-9221 •Fax 574-235-9173•TDD 574-235-5567•www.SouthBendIN.gov JENNIFER M.COFFMAN ALKEYNA M.ALDRIDGE JOSEPH R.MOLNAR CHIEF DEPUTY/CHIEF OF STAFF DEPUTY/DIRECTOR OF POLICY ORDINANCE VIOLATION CLERK BILL NO. 35-17 ORDINANCE NO. AN ORDINANCE TO VACATE THE FOLLOWING DESCRIBED PROPERTY: EAST/WEST ALLEY FROM PARK AVENUE TO FIRST NORTH/SOUTH ALLEY BETWEEN MANITOU AND RIVERSIDE STATEMENT OF PURPOSE AND INTENT Pursuant to Indiana Code Section 36-7-3-12,the Common Council is charged with the authority to hear all petitions to vacate public ways or public places within the City. The following Ordinance vacates the above described public property. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, as follows: SECTION 1. The Common Council ofthe City of South Bend having held a Public Hearing on the petition to vacate the following property: EAST/WEST ALLEY FROM PARK AVENUE TO FIRST NORTH/SOUTH ALLEY BETWEEN MANITOU AND RIVERSIDE hereby determines that it is desirable to vacate said property. SECTION lI. The City of South Bend hereby reserves the rights and easements of all utilities and the Municipal City of South Bend, Indiana,to construct and maintain any facilities, including, but not limited to,the following: electric,telephone, gas, water, sewer, surface water control structures and ditches, within the vacated right-of-way, unless such rights are released by the individual utilities. SECTION III. The following property may be injuriously or beneficially affected by such vacating: BAYS, TIMOTHY AND TERRI L., LOT 66 CHAPIN PLACE Section IV. The purpose of the vacation ofthe real property is that cars drive too close to the north fagade of my house, especially in the winter, causing a safety hazard. SECTION V. This ordinance shall be in full force and effect from and after its Passage by the Common Council and approval by the Mayor. Tim Scott, Council President South Bend Common Council Kareemah N. Fowler, City Clerk Office ofthe City Clerk 52 edented W,,m end Jnd4anu, an 2016 a t --- a 'edack Kareemah N. Fowler, City Clerk Office ofthe City Clerk bzaaed and40,.d 6r an the ---- da 2016 at a 'W,, Peter Buttigieg, Mayor City of South Bend, Indiana Filed in Clerk's Office JUN 07 2017 KAREEMAN FOWLER CITY CLERK,SOUTH SEND, IN NV`IHOIW OZB N VEJ I HOIW ON W 8610500 L8 L0 6L 0 5 0 0 L-B LO a z om 01&105-0564 y p9 RIVERSIDE o K LXLI o a oy O om m Nm r Y Li. u O 1) om om c b m s m Z x II IYYY o 0 o, Q c o U) 1ssn°°zs anvldnd Cr Z i L ; 1 O O o 9, gx c 0 0 O v7 oQ Oa Q Q oQ oQa oQa R oQa C'Qa V /^, L U o m _ 5K am o o_ a m°' m in S a b n mr n mn mm W Uc L- Cir. lk om w m m mm m m m m m m m mlo mm co m l o yf t Q 18889 O SE S 82 m e e e e e e e e e e e e e e e e L Q J m N W Q icy (b o0 00AA O o so so so so a spp s s po o o os so so os sC sp sp s 1w O m ai > > >< , 0 p N N a N N ;<W W <NN a0 Yaa L L a LL l i [L LL LL L L 1°LL L [L I t°. 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The following comments and recommendations were submitted: Area Plan stated that the vacation would not hinder the growth or orderly development of the unit or neighborhood in which it is located or to which it is contiguous. The vacation would not make access to the lands of the aggrieved person by means ofpublic way difficult or inconvenient. The vacation would not hinder the public's access to a church, school or other public building or place. The vacation would not hinder the use of a public right of way by the neighborhood in which it is located or to which it is contiguous. Therefore, the Board of Public Works submitted a favorable recommendation for the vacation of this alley. Please contact Donna Hanson at(574)235-9254 prior to picldng up your radius man You will need a radius map showing properties within 150' of the proposed vacation for your petition to the Common Council. Once you pick up the radius map, proceed to the City Clerk's office for your alley vacation packet. Sincerel , LindaIM. Martin, Clerk c: Federico Rodriguez, Fire Department Donna Hanson, Engineering Alkeyna Aldridge, City Clerk's Office GARY A.GIL6TSUZANNA M.FRITZBERG ELIZABETH A.MARADIK JAMES A.MUELLER THERESE J.DORAU 120ON COUNTY-CITY BUILDING 0 4$ OUT11 g PHONE 574/235-7678 227 W.JEFFERSON BLVD. FAX 574/235-9928 SOUTH BEND, INDIANA 46601-1830 j b w y 1$VJ CITY OF SOUTH BEND PETE BUTTIGIEG, MAYOR DEPARTMENT OF ADMINISTRATION AND FINANCE June 6, 2017 Filed in Clerk's Office Mr. Tim Scott, President City of South Bend Common Council 227 W. Jefferson Boulevard, 4th FloorJUN 07 2017 South Bend, Indiana 46601 RE: June 2017 Transfer Ordinance KAREEMAH FOWLER CITY CLERK,SOUTH BEND, IN Dear President Scott, During the past several years, it has been the practice of the City of South Bend to request department heads, fiscal staff and city administration to conduct an extensive review of the status of compliance with the adopted city budget and propose necessary adjustments periodically throughout the year. For 2017, we plan to propose adjustments during four time periods—March, June, September and December. I will present this bill to the Common Council at the appropriate committee and council meetings. It is requested that this bill be filed for 1St reading on June 12, 2017 with 2nd reading, public hearing and 3,d reading scheduled for June 26, 2017. Thank you for your attention to this request. If you should have any questions, please feel to contact me at 574-235-7678. Regards, l- Joh . Murphy Administration & Finance EXCELLENCE ACCOUNTABILITY + INNOVATION + INCLUSION + EMPOWERMENT ORDINANCE NO. AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, FOR BUDGET TRANSFERS FOR VARIOUS DEPARTMENTS WITHIN THE CITY OF SOUTH BEND, INDIANA FOR THE YEAR 2017 STATEMENT OF PURPOSE AND INTENT Unforeseen conditions have developed since the adoption of the existing budgets Ordinances#10457-16 and 10458-16 passed on October 24, 2016)which necessitate the increase and reduction of appropriations within the various departments ofthe General Fund and other funds ofthe City of South Bend during 2017. NOW, THEREFORE, BE IT ORDAINED by the Common Council ofthe City of South Bend, Indiana, as follows: Section 1. All accounts as set forth in the detailed attachment hereto which are incorporated herein shall be adjusted by increase or reduction of appropriation in the designated sums. Section 11. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. Member of the Common Council Attest: City Clerk Presented by me to the Mayor ofthe City of South Bend, Indiana, on the day of 2017, at o'clock_. m. Deputy City Clerk Approved and signed by me on the day of 2017, at o'clock—. m. Mayor, City of South B ale m Clerk's Office 1 st READING PUBLIC NEARING JUN 07 20173 rd READING NOT APK-.. REFERRED KAREEMAH FOWLER PASSED CITY CLERK,SOUTH BEND,IN WmCL N V oy C C 8 N r Ec O0 O 8 z CO C m N N' V.. N.. 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SpUTH g 120ON COUNTY-CITYBUILDING O 1d PHONE 574/235-7678 227 W.JEFFERSON BLVD." FAX 574/235-9928 SOUTH BEND, INDIANA 46601-1830 x v x 1865 CITY OF SOUTH BENDPETE BUTTIGIEG, MAYOR DEPARTMENT OF ADMINISTRATION AND FINANCE June 6, 2017 Filed in Clerk's Office Mr. Tim Scott, President City of South Bend Common Council 227 W. Jefferson Boulevard, 4th Floor JUN 07 2017 South Bend, Indiana 46601 KAREEMAH FOWLER RE: June 2017 Appropriation Ordinance–CivilCity Funds CITY CLERK,SOUTH BEND,IN Dear President Scott, During the past several years, it has been the practice of the City of South Bend to request department heads, fiscal staff and city administration to conduct an extensive review of the status of compliance with the adopted city budget and propose necessary adjustments periodically throughout the year. For 2017, we plan to propose adjustments during four time periods— March, June, September and December. Based on our budget review, we are submitting the enclosed additional appropriation ordinance for your consideration. I will present this bill to the Common Council at the appropriate committee and council meetings. It is requested that this bill be filed for 1St reading on June 12, 2017 with 2nd reading, public hearing and 3rd reading scheduled for June 26, 2017. Thank you for your attention to this request. If you should have any questions, please feel to contact me at 574-235-7678. Regards, Joh H. Murphy Administration & Finance EXCELLENCE + ACCOUNTABILITYINNOVATION + INCLUSION + EMPOWERMENT ORDINANCE NO. AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING ADDITIONAL FUNDS FOR CERTAIN DEPARTMENTAL AND CITY SERVICES OPERATIONS IN 2017 OF $40,000 FROM PARKS FUND (#201), $200,000 FROM MOTOR VEHICLE HIGHWAY FUND (4202), $100,000 FROM DCIOPERATING FUND (#211), $3,000 FROM GIFT, DONATION, BEQUESTFUND (#217), $125,000 FROM LOCAL ROADS & STREETS FUND (#251), $28,000 FROM INDIANA RIVER RESCUE FUND (#291), 285,000 FROM PARKS CAPITAL FUND (#405), $295,000 FROM MORRIS PERFORMING ARTSCENTER CAPITAL FUND (#416),AND $1,000 FROM ERSKINE VILLAGE BOND FUND (#758). STATEMENT OF PURPOSE AND INTENT The Common Council passed the City's 2017 operating and capital budgets in 2016 (Ordinance#10457-16 passed on October 24, 2016)which included expenditures for various City operations. It is now necessary to appropriate additional funds for operational and capital expenditures necessary for the City to effect provision of services to its citizens which were not anticipated at the time the City budget was adopted. NOW, THEREFORE, BE IT ORDAINED by the Common Council ofthe City of South Bend, Indiana, as follows: Section I. The following amounts are hereby appropriated in fiscal year 2017 and set apart within the following designated funds for expenditures as follows: Fund Amount Parks Fund(#201) 40,000 Motor Vehicle Highway Fund(#202) 200,000 DCI Operating Fund(#211) 100,000 Gift, Donation, Bequest Fund (#217) 3,000 Local Roads & Streets Fund (#251)125,000 Indiana River Rescue Fund(#291) 28,000 Parks Capital Fund (#405) 285,000 Morris Performing Arts Center CapitalFund(#416) 295,000 Erskine Village Bond Fund(#758) 1,000 TOTAL 1,077A00 Section II. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval ofthe Mayor. Member of the Common Council Attest: City Clerk Presented by me to the Mayor of the City of South Bend, Indiana, on the day of 2017 at o'clock_ . m. Deputy City Clerk Approved and signed by me on the day of 2017 at o'clock . m. Mayor, City of South Bend, Indiana Filed in Clerk's Office 1 st READING JUN 07 2017 PUBLIC HEARING 3 rd READING KAREEIVtAH FOWLER NOT APPROVED CITY CLERK,SOL!TH BEND,IN REFERRED PASSED m CL a° m Z m r n c rn 3 a w m co c a m a UD o m o of- c o ca E w a N a a) r r .`L. 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Jefferson Boulevard, 41hFloor KAREEMAH FOWLER South Bend, Indiana 46601 CITY CLERK,SOUTH BEND, IN RE: June 2017 Appropriation Ordinance– Enterprise Funds Dear President Scott, During the past several years, it has been the practice of the City of South Bend to request department heads, fiscal staff and city administration to conduct an extensive review of the status of compliance with the adopted city budget and propose necessary adjustments periodically throughout the year. For 2017, we plan to propose adjustments during fourtime periods—March, June, September and December. Based on our budget review, we are submitting the enclosed additional appropriation ordinance for your consideration. I will present this bill to the Common Council at the appropriate committee and council meetings. It is requested that this bill be filed for 1St reading on June 12, 2017 with 2nd reading, public hearing and 3rd reading scheduled for June 26, 2017. Thank you for your attention to this request. If you should have any questions, please feel to contact me at 574-235-7678. Regards, 1a John . Murphy Administration & Finance r EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION + EMPOWERMENT ORDINANCE NO. AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, APPROPRIATING ADDITIONAL FUNDS FOR CERTAIN DEPARTMENTAL AND ENTERPRISE OPERATIONS IN 2017 OF $891,089 FROM EMS CAPITAL FUND (#287). STATEMENT OF PURPOSE AND INTENT The Common Council passed the City's 2017 operating and capital budgets in 2016 (Ordinance#10458-16 passed on October 24, 2016),which included expenditures for various City enterprise operations. It is now necessary to appropriate additional funds for operational expenditures necessary for the City to effect provision of services to its citizens which were not anticipated at the time the City budget was adopted. NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: Section 1. The following amounts are hereby appropriated in fiscal year 2017 and set apart within the following designated funds for operational expenses as follows: Fund Amount EMS Capital Fund (#287) 891,089 TOTAL 10 Section II. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval of the Mayor. Member of the Common Council Attest: City Clerk Presented by me to the Mayor ofthe City of South Bend, Indiana, on the day of 2017, at o'clock_. m. Deputy City Clerk Approved and signed by me on the day of 2017, at o'clock m. Mayor, City of South Bend, Indiana Filed in Clerk's :Office 1 st READING JUN 0 7 2U17 PUBLIC HEARING 3 rd READING KAREEMAH FrWk.F' CITY CLERK,SOUTH' :'-,Cy,INI ;NOT APPROVED REFERRED PASSED a m C C N y~ N yy O C M w U N N d) U 0 cr Z N N rJ CO vp (0 c II p R LL p NO y y. 0 pp N p G d: C N O < 4/) U w 0N fRE(6C O y 3 CcrS D E NQ 5 1.0O C L N E Q) o Z J w•°- E vcmO rn Q)U rya aQ a m y LL, O O co C nm 0 g 2 y CO d o N oN > at° N 3 7 ( p V E w II L d 0 d Q 3 oE U) r 7 C N C p (D N p 0 Ed) 0c EaO 0 p > C 1 Q0 AIL NCH N8 N y 0000 0 0 0 OC m C d N p 0 O O 7 p L L 00 NNE m C dy N 6% 6% V s L ` v md Eo EW a z' CL 0 0K 00 CD N w ^a N N N NF O Ev v v 0 c r f6 p u z0 0 0 0 m p ON Q Z O O O O o rm Oro rco 0 co C N N N N p D n 0 EUUp z- a o Z U l0 LR (D(1)U) U C C U Ca I I I I II dy 0 0 0 0 Oa+ y i i U H H F- I- vv L O V U) N N N No C C 0 C a V O Z3 3 N E tmm 2 N N Uy C 0 U N d 0 O Z V1 U V Q U)C_C_ ? p p (U O C N N Q- Q) lQ p 2 N N N N d N d d U U U U U)in U) Z c n E U U U UE m CL p N N N 0 19 N N N m D 1 Q1 D 1 N N N N 0 W W W W N O N a E a a_ DE E II a II II Q c pZ 0 aLL I L LL I L U 0O p• w.O p r E U U U U N E 1)U)C D U) 0 U W W W W