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South Bend Redevelopment Commission <br />Regular Meeting— October 17, 2003 <br />6. NEW BUSINESS <br />A. South Bend Central Development Area <br />(5) continued... <br />therefore, making it an attractive situation <br />for the Redevelopment Commission. This <br />transaction has been approved by the Indiana <br />Bond Bank. <br />Mr. Hunt asked what the interest rate will <br />be. <br />Mr. Faccenda, Jr. responded that the rate is <br />unknown at present, but it is anticipated that <br />the rate will be far more attractive than it <br />would have been without going through the <br />Indiana Bond Bank. <br />Upon a motion by Mr. Kahn, seconded by <br />Ms. Jones and unanimously carried, the <br />Commission approved Resolution No. 2012 <br />authorizing issuance of bonds for the <br />purpose of providing funds for refunding <br />outstanding bonds and financing <br />redevelopment projects in the South Bend <br />Central Allocation Area (South Bend <br />Allocation Area No. IA) and paying <br />incidental expenses in connection therewith <br />and on account of the issuance of the bonds. <br />B. Sample -Ewing Development Area <br />(1) Commission approval requested for <br />Contract For Sale Of Land For Private <br />Development. (Parcel 7, Studebaker <br />Corridor Disposition Area, Ziolkowski <br />Construction) <br />COMMISSION APPROVED RESOLUTION No. 2012 <br />AUTHORIZING ISSUANCE OF BONDS FOR THE <br />PURPOSE OF PROVIDING FUNDS FOR REFUNDING <br />OUTSTANDING BONDS AND FINANCING <br />REDEVELOPMENT PROJECTS IN THE SOUTH BEND <br />CENTRAL ALLOCATION AREA (SOUTH BEND <br />ALLOCATION AREA NO. 1 A) AND PAYING <br />INCIDENTAL EXPENSES IN CONNECTION <br />THEREWITH AND ON ACCOUNT OF THE ISSUANCE <br />OF THE BONDS. <br />