05/24/71 Board of Public Works Special Meeting Minutes

Home Browse Search

V4164 May 24, 1971 "WHEREAS, a federal grant in the amount of $3,060,250 and a grant from the State of Indiana in the amount of $1,391,025 have been made available to the City for appli- cation upon the cost of said sewage works project, but in order to finance the balance of the cost it will be neces- sary to issue revenue bonds in the amount of $3,190,000 payable out of the revenues of the sewage works of the City; and "WHEREAS, suggested forms of bond ordinance, rate ordinance, and use ordinance, have been prepared, based upon data furnished by said consulting engineers and McCullough & Associates, Public Accountants of. Indianapolis, Indiana, em- ployed by the City, which ordinances have been duly con- sidered by this Board and found satisfactory; now therefore, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS AND SAFETY OF THE CITY OF SOUTH BEND, INDIANA: 1. That this Board request the Common Council of the City of South Bend to authorize the issuance of sewage works revenue bonds in the amount of $3,190,000 on the terms and conditions set out in the form -of bond ordinance presented at this meeting; to increase the rates and charges as pro- vided in the form of rate ordinance presented at this meet- ing; and to enact an ordinance regulating the use, installa- tion, and connection of sewers and drains. 2. That the Clerk of this Board be and she is hereby directed to present a copy of this resolution and said ordi- nances to the City Clerk for presentation to the Common Council as soon as may be done. Adopted this 24th day of May, 1971. Lloyd S. Taylor S. J. Crumpacker James A. Bickel Attest: Doris Allen, Clerk." There being.no further business to come before the Board, the meeting ad- journed at 4:30 P.M. est: �o Doris Allen, Clerk.