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03-18 Appropriating of Bonds, Series 2018
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03-18 Appropriating of Bonds, Series 2018
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1/3/2018 11:09:32 AM
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1/3/2018 11:09:31 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/8/2018
Bill Number
03-18
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NOW,THEREFORE,BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br /> CITY OF SOUTH BEND,INDIANA,AS FOLLOWS: <br /> Section I. There is hereby appropriated a sum not to exceed Five Million Four Hundred <br /> Thirty Thousand Dollars ($5,430,000), out of the proceeds of the Bonds received by the City in <br /> connection with the sale of the Bonds,together with any premium paid by the original purchasers of <br /> the Bonds and all investment earnings thereon,for use by the City in paying the cost of the Project, <br /> together with any expenses incidental thereto, capitalized interest on the Bonds, if any, funding a <br /> debt service reserve fund, if necessary, and the issuance costs of the Bonds. <br /> Section II. Such appropriation shall be in addition to all appropriations provided for in <br /> the existing budget and levy, and shall continue in effect until the completion of the Project. Any <br /> surplus of such proceeds shall be credited to the proper fund as provided by law. <br /> Section IV. A certified copy of this ordinance,together with such other proceedings and <br /> actions as may be necessary, shall be filed by the Controller of the City, along with a report of the <br /> appropriation, with the Indiana Department of Local Government Finance. <br /> Section V. Any and all prior actions taken by any officer of the City or member of the <br /> City in connection and consistent with this ordinance are hereby ratified and approved. <br /> Member of the Common Council <br /> Attest: <br /> Kareemah Fowler, City Clerk <br /> Presented by me,the undersigned Clerk of the City of South Bend,to the Mayor of the City <br /> of South Bend,Indiana on the day of ,2018,at o'clock <br /> M. <br /> Kareemah Fowler, City Clerk <br /> Approved and signed by me on the day of , 2018, at_o'clock <br /> .m. <br /> Pete Buttigieg, Mayor <br /> DMS 11297932v2 <br /> 2 <br />
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