36-25 An Ordinance of the Common Council of the City of South Bend, Indiana, Amending the Loan Agreement and Approving and Authorizing Actions in Respect Thereto (Monreaux Project)

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of: (i) a four-story building containing at least sixty five thousand (65,000) fifty-six thousand (56,000) square feet which will include Commission; and (ii) a minimum of sixty (60) fifty-seven (57) total apartment units of which no fewer than twenty three (23) twenty-four (24) apartment units will be exclusively available for tenants at fifty percent (50%) or lower of the area median income ("AMI") and no fewer than an additional twenty three (23)twenty- one(21) apartment units will be exclusively available for tenants at eighty percent (80%) or lower of AMI on certain real estate acquired by the Borrower with an overall investment of approximately $13,700,000 $17,700,000 ("Development"), on certain real estate acquired by the Borrower as set forth on Exhibit B attached hereto, together with all necessary appurtenances, related improvements and equipment, all in or physically connected to the Area." Section 4. This amendment shall be effective upon execution. In all other respects, the Original Agreement shall remain in full force and effect as originally executed. IN WITNESS WHEREOF, the Issuer has caused this Amendment No. 1 to Loan Agreement to be executed in its name by its authorized officers and has caused its corporate seal to be hereunto affixed, and the Borrower has caused this Amendment No. 1 to Loan Agreement to be executed in their names, all as of the date first above written. CITY OF SOUTH BEND, INDIANA By: James Mueller, Mayor By: Kyle Willis, City Controller ATTEST: By: Bianca Tirado, City Clerk 4921-3958-6362.1