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No. 1920 amending resolution No. 1904 which authorized the issuance of redevelopment district special taxing district bonds, series 2002
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No. 1920 amending resolution No. 1904 which authorized the issuance of redevelopment district special taxing district bonds, series 2002
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I <br />RESOLUTION NO. 1920 <br />A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AMENDING RESOLUTION NO. 1904 WHICH <br />AUTHORIZED THE ISSUANCE OF REDEVELOPMENT DISTRICT <br />SPECIAL TAXING DISTRICT BONDS, SERIES 2002 <br />WHEREAS, the South Bend Redevelopment Commission (the "Commission "), <br />governing body of the Department of Redevelopment and the Redevelopment District (the <br />"Redevelopment District "), exists and operates under the provisions of IC 36 -7 -14, as amended <br />from time to time (the "Act "); and <br />WHEREAS, the Commission has previously adopted Resolution No. 1904 <br />entitled "A Bond Resolution of the South Bend Redevelopment Commission Authorizing the <br />Issuance of the Bonds of the Redevelopment District Tax Increment for the Purpose of Raising <br />Money for Redevelopment and Economic Development in the Sample/Ewing Area" (the "Bond <br />Resolution "); and <br />WHEREAS, the Commission has accepted proposal from Ambac Assurance <br />Corporation to provide bond insurance and a surety bond to fund a debt service reserve for the <br />bonds authorized to be issued in the Bond Resolution and, as a result, the Commission desires to <br />amend the Bond Resolution; <br />NOW, THEREFORE, BE IT RESOLVED, by the South Bend Redevelopment <br />Commission as follows: <br />follows: <br />SBIMAN 1137132v 1 <br />Section 1. Section 4 of the Bond Resolution is hereby amended to read as <br />
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