Laserfiche WebLink
C.OUN'IY-CITY BUILDING <br />227 W. JEFFERSON BLVD. <br />Sovri-I BEND, INDIANA 46601-1830 <br />PxoNE574/235-9216 <br />Fax 574/235-9928 <br />TDD 574/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LuECI¢, MAYOR <br />DEPARTMENT OF ADMINISTRATION AND FINANCE <br />M. CATHERINE FANELLO <br />CONTROLLER <br />October 4, 2006 <br />Mr. Timothy Rouse <br />South Bend Common Council <br />4"' Floor, County-City Building <br />South Bend, IN 46601 <br />Re: Refinancing of Economic Development Bonds 1997 Series A & Series B <br />Dear Mr. Rouse: <br />The attached ordinance addresses the refinancing of the above mentioned bond. Refinancing this debt <br />allows the city to realize an estimated net savings of $745,000 without extending the payoff year of 2017. <br />I will make a more formal presentation at the appropriately scheduled Personnel & Finance Committee <br />hearing. Thank you for your consideration of this matter. <br />Si rely <br />Catherine Fanell~ <br />City Controller <br />filed in Clerk'S ~f{Ice <br />ACT y ~ 2006 <br />1 p ~EtiD,~ <br />C1TY CLERK, S~' <br />JANICE L HALL LIZ ROWE THOMAS SxARSEK SUSAN WALLACE ROBERTALLEN <br />DIRECTOR DIRECTOR DIRECTOR MANAGER DIRECTOR <br />HUMAN RESOURCES CITY FINANCE BUDGETING LL FINANCIAL REPORTING BENEFITS INFORMATIONTECHNOI,OGY <br />