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REGULAR MEETING AUGUST 17, 1998
<br />WHEREAS, the City of South Bend, Indiana (the "City), intends to issue or enter into certain
<br />obligations (the "Obligations") for the purpose of financing all or a portion of the expenses of the
<br />construction and equipping of a new fire station facility to be constructed near Hamilton School
<br />located in the City and repair and renovation of the City's Municipal Services Facility located at 701
<br />West Sample Street in the City and consisting of a new roof and all additional costs related thereto
<br />(collectively, the "Project"); and
<br />WHEREAS, certain preliminary costs in financing the Project have been or will be incurred
<br />by or on behalf of the City prior to the issuance of or entering into the Obligations; and
<br />WHEREAS, the City reasonably expects to reimburse such preliminary costs of the Project
<br />with proceeds of the Obligations; and
<br />WHEREAS, the City expects such Obligations will not exceed an aggregate principal amount
<br />of Two Million and 11/100 Dollars (@2,000,000.00); and
<br />WHEREAS, Board desires to declare the official intent of the City, pursuant to I.C. 5-1-14-
<br />6(b) and 1.150-2 of the Treasury Regulations promulgated by the Internal Revenue Service (the
<br />"Treasury Regulations"), that said preliminary costs be reimbursed from the proceeds of the
<br />Obligations.
<br />NOW, THEREFORE, BE IT RESOLVED by the Board of Public Works of the City of South
<br />Bend, Indiana, as follows:
<br />1. The Board hereby declares the official intent of the City, pursuant to I.C. 5-1-14-6(b)
<br />and 1.150-2 of the Treasury Regulations, that preliminary costs incurred by or on behalf of the City
<br />in financing the construction of the Project be reimbursed from the process of the Obligations.
<br />2. This resolution shall be in full force and effect from and after its adoption by the
<br />Board.
<br />ADOPTED at a meeting of the Board of Public Works of the City of South Bend, Indiana,
<br />held on August 17, 1998, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
<br />Indiana.
<br />CITY OF SOUTH BEND
<br />BOARD OF PUBLIC WORKS
<br />s/James R. Caldwell, President
<br />s/Lewis Powell, Member
<br />s/M. Catherine Roemer, Member
<br />ATTEST:
<br />s/Angela K. Jacob, Clerk
<br />APPROVAL OF CORPORATE UNDERTAKING/QUIT CLAIM AND RELEASE OF UTILITY
<br />EASEMENTS RIGHTS
<br />Upon a motion made by Ms. Roemer, seconded by Mr. Powell, a Corporate Undertaking, which
<br />indemnifies Chicago Insurance Company, for a portion of property in conjunction with the new
<br />County Jail property, as described in the Undertaking, as submitted, was approved. In addition, upon
<br />a motion made by Ms. Roemer, seconded by Mr. Powell and carried, the Quitclaim And Release of
<br />Utility Easement Rights for the County Jail property, as described in the document as submitted, was
<br />approved.
<br />APPROVAL OF RECOMMENDATION - TO CLOSE STREET - BLOCK PARTY
<br />Mr. Caldwell stated that favorable recommendations have been received by the Division of
<br />Engineering, Police Department and the City Attorney's office, in reference to a request as submitted
<br />by Ms. Diane O'Brien, 4204 Foxfire, South Bend, Indiana to conduct the above referred to block
<br />party, on August 22, 1998, on Foxfire from Hidden Oaks Court. Upon a motion made by Ms.
<br />Roemer, seconded by Mr. Caldwell and carried, the recommendation was approved.
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