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9722-06 Authorizing the sale of an Aggregate Principal amount not to exceed $8,500,000
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9722-06 Authorizing the sale of an Aggregate Principal amount not to exceed $8,500,000
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Last modified
10/4/2010 4:04:32 PM
Creation date
11/16/2007 9:18:10 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/27/2006
Ord-Res Number
9722-06
Bill Number
81-06
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TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: <br />Your Committee of the Whole, to whom was referred: <br />BILL NO. <br />81-06 A BILL AUTHORIZING THE ISSUANCE AND SALE OF AN AGGREGATE <br />PRINCIPAL AMOUNT NOT TO EXCEED EIGHT MILLION FIVE HUNDRED <br />THOUSAND DOLLARS ($8,500,000) OF THE CITY OF SOUTH BEND, <br />INDIANA VARIABLE RATE ECONOMIC DEVELOPMENT REVENUE <br />BONDS, SERIES 2007 (PEI/GENESIS PROJECT); DESIGNATING THE <br />BONDS AS LIMITED OBLIGATIONS OF THE CITY; APPROVING THE <br />FORM OF, AND AUTHORIZING THE EXECUTION AND DELIVERY OF, <br />THE TRUST INDENTURE, LOAN AGREEMENT AND OTHER <br />DOCUMENTS RELATED TO THE ISSUANCE AND SALE OF THE BONDS; <br />AND AUTHORIZING PROPER OFFICERS TO DO ALL OTHER THINGS <br />DEEMED NECESSARY OR ADVISABLE IN CONNECTION THEREWITH <br />AND APPROVING AND AUTHORIZING OTHER ACTIONS IN RESPECT <br />THERETO <br />Respectfully report that they have examined the matter and that in their opinion, this bill <br />is being recommended to the full Council with a favorable recommendation. <br />Karen L. White <br />Chairperson <br />
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