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Inducement Resolution relating to the Chateau Bendix Project
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Inducement Resolution relating to the Chateau Bendix Project
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Last modified
4/25/2017 3:49:19 PM
Creation date
2/7/2017 9:38:39 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
6/23/1980
Ord-Res Number
786-80
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Section 3. Any costs or expenses incurred in connection <br />with the Chateau Bendix Project shall be included in the Project <br />costs and reimbursed from the proceeds of the First Mortgage Housing <br />Revenue Bonds to be issued with respect thereto. <br />Section 4. The liability and obligation of the Common Council <br />of the City of South Bend, Indiana, shall be limited solely to good <br />faith efforts to consummate such proceedings and issue such Bonds, <br />and neither the Common Council of the City of South Bend nor the City <br />of South Bend, Indiana, or their officers or agents, shall incur any <br />liability whatsoever if for any reason the proposed issuance of such <br />Bonds is not consummated. <br />Section 5. This resolution shall be in full force and <br />effect from and after its passage by the Common Council of the City <br />of South Bend and approved by the Mayor. <br />This resolution adopted by the Common Council of the City <br />of South Bend, Indiana, this day of , 1980 <br />PRESENTED "" ` '-� e- &�) <br />NOT APPROVED <br />ADOPTED (,� "� <br />Member of the Common Council <br />FILED <br />�iv� I9Fo <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />
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