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10577-18 Appropriating the proceeds of the City of South Bend General Obligation Bonds, Series 2018
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10577-18 Appropriating the proceeds of the City of South Bend General Obligation Bonds, Series 2018
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1/29/2018 4:06:54 PM
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1/29/2018 4:06:52 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/22/2018
Ord-Res Number
10577-18
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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 /> Tim Scott, Council e <br /> South Bend Common Council <br /> Attest: <br /> Kareema N. Fowler, City lerk <br /> Office o the City Clerk <br /> Presented by me, the undersigned Clerk of the City of South Bend,to the Mayor of the City of <br /> South Bend,Indiana on the dL, day of ,2018,at A o'clock-P—.m. <br /> reemah N. Fow er, City Clerk <br /> Office of the City Clerk <br /> Approved and signed by me on the m9 L/ day of , 2018, at o'clock <br /> 0-4n. <br /> v <br /> Pete Buttigi ay <br /> City of South Be ndiana <br /> DMS 11297832v2 <br /> 2 <br />
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