My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
No. 1830 amending Res. No. 1823 entitled "Resolution of the SBRc of the COSB, pledging TIF revenues for pmt, if necessary, of the principal of/interest on a loan from the environmental remediation revolving loan fund administered by IDFA
sbend
>
Public
>
Redevelopment Commission
>
Resolutions
>
No. 1830 amending Res. No. 1823 entitled "Resolution of the SBRc of the COSB, pledging TIF revenues for pmt, if necessary, of the principal of/interest on a loan from the environmental remediation revolving loan fund administered by IDFA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/18/2012 2:05:59 PM
Creation date
8/8/2011 1:53:33 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
c <br />INTER - OFFICE MEMORANDUM <br />DEPARTMENT OF COMMUNITY <br />AND ECONOMIC DEVELOPMENT <br />TO: Redevelopment Commission <br />FROM: Robert D. Case <br />SUBJECT: Amendment to Resolution <br />DATE: March 7, 2001 <br />Resolution 1823 approved on January 5, 2001 was initially setup as a requirement for <br />the $1,300,000 IDFA loan application to Bosch Braking Corporation for environmental <br />cleanup of the facility. Upon further review from IDFA it was determined that the initial <br />resolution did not meet their guidelines for approving the loan.. <br />Amendment to Resolution 1823 would set up a parity test with respect to any future TIF <br />revenue bonds issued in connection with the Airport Economic Development Area <br />(AEDA). The Indiana Development Finance Authority (IDFA) does not want to be in a <br />position in the future where its loan is junior to a TIF revenue bond. <br />The Staff recommends approval of the amendment to resolution 1823 <br />no <br />ME' <br />CITY <br />1080 <br />
The URL can be used to link to this page
Your browser does not support the video tag.