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RESOLUTION NO. <br /> A RESOLUTION TO APPROVE THE BONDING <br /> CONSULTANT PHASE OF THE CIVIC CENTER <br /> PROJECT. <br /> WHEREAS, Ordinance No. 5503-73 , passed April 9 , <br /> 1973, appropriated $500, 000. 00 for various Civic Center <br /> expenses and established a budget line item of $273, 000. 00 <br /> for Architect' s Fees, Design and Special Reports; and <br /> WHEREAS, the South Bend Civic Center Authority <br /> has been created by the Common Council of the City of South <br /> Bend, Indiana, and that the Authority has proceeded with <br /> preliminary architectural and design plans in connection <br /> with the proposed building and has explored general means <br /> of financing but that the type or types of financing vehicles <br /> and respective amounts thereof have not been established; and <br /> WHEREAS, the independent municipal finance <br /> consultants, Paul D. Speer and Associates, with experience <br /> in the development of financing plans and the resulting <br /> marketing of municipal bonds in excess of $1. 75 Billion, has <br /> been recommended by the Authority to the City to develop a <br /> plan which will result in the marketing of the necessary bonds <br /> to complete the proposed project, <br /> NOW, THEREFORE, BE IT RESOLVED by the Common <br /> Council of the City of South Bend, Indiana: <br /> SECTION I . That the proposed Contract pertaining <br /> to the Financial Development Phase approved by the Civic <br /> Center Authority on December 7, 1973, is hereby approved. <br /> SECTION II . This Resolution shall be in full <br /> force and effect from and after its adoption by the Common <br /> Council and approval by the Mayor. <br /> Member of the ommon Counci <br /> FILED IN CLERK'S OFFICE <br /> PRESENTED DEC 1 11973 <br /> NOT APPROVED Irene Gammon <br /> ADOPTED e2 - ,? _ .3 CITY CLERK, SOUTH BEND, 1N% <br />