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REGULAR MEETING
<br />MAY 9, 2005
<br />WHEREAS, the Board has determined that certain additions, extensions and
<br />improvements to the Waterworks, as more specifically described on the attached Exhibit
<br />A (the "Project");
<br />WHEREAS, the Board reasonably expects that the City will reimburse expenditures for
<br />the Project with proceeds of its City of South Bend, Indiana, Waterworks revenue bonds
<br />in the maximum principal amount attributable to the Project of One Million Dollars
<br />($1,000,000) (the "Bonds"), to be issued by the City for the purpose of financing, among
<br />other expenditures, the Project; and
<br />WHEREAS, the Board intends that this Declaration of Official Intent to Reimburse
<br />Expenditures constitute a declaration of official intent pursuant to Treasury Regulation
<br />1.150-2(e) and Indiana Code 5-1-14-6(c).
<br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC
<br />WORKS OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS:
<br />Section 1. That the Board hereby declares the official intent of the Board, for and on
<br />behalf of the City, to issue the Bonds in an original principal amount attributable to the
<br />Project not to exceed One Million Dollars ($1,000,000) and to reimburse expenditures for
<br />the Project with proceeds of the Bonds.
<br />Section 2. This resolution constitutes a declaration of official intent to reimburse
<br />expenditures under Treas. Reg. 1.150-2(e) and Indiana Code 5-1-14-6(c).
<br />Adopted at a meeting of the Board of Public Works of the City of South Bend,
<br />Indiana, on this 91h day of May, 2005.
<br />BOARD OF PUBLIC WORKS OF THE
<br />CITY OF SOUTH BEND, INDIANA
<br />s/Gary A. Gilot, President
<br />s/Carl P. Littrell, Member
<br />s/Donald E. Inks, Member
<br />ATTEST:
<br />s/Angela Jacob, Clerk
<br />Exhibit A
<br />Project Description
<br />The Project consists of additions, replacements, extensions and improvements to various
<br />water mains, valves and vaults of the Waterworks, including but not limited to the
<br />following:
<br />1. La Salle Bridge, approximately 450' of 12"
<br />2. Michigan Bridge, approximately 300' of 12"
<br />3. Portage Road (Lathrop -bridge), approximately 3000' of 12"
<br />4. Jackson Road (Hidden Valley), approximately 1500' of 12"
<br />5. Brick Road (Portage -Cross Creek), approximately 3000' of 12", and valve vault
<br />6. Brick Road, approximately 1600' of 16"
<br />7. New Cleveland Well Field Loop, approximately 1300' of 20"
<br />8. Chapin / Washington valve replacements
<br />9. S R 23 / Bypass
<br />10. Charles Street
<br />ADOPT RESOLUTION NO. 34-2005 — DISPOSAL OF CITY -OWNED PROPERTY
<br />Upon a motion made by Mr. Gilot, seconded by Mr. Littrell and carried, the following
<br />Resolution was adopted by the Board of Public Works:
<br />RESOLUTION NO. 34-2005
<br />WHEREAS, I.C. 36-9-6-1 gives the Board of Public Works of the City of South
<br />Bend the right and duty to have custody of, control of, use of, and dispose of in
<br />accordance with Indiana statutes, all real and personal property owned by the City of
<br />South Bend; and
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