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(60� including such financial advisor and attorney fees and other professional service fees necessary <br />for completion of the Project. <br />NOW THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Authority and the South Bend Redevelopment Commission as follows: <br />1. The Authority hereby determines to issue its Authority Bonds pursuant to I.C. 36- <br />7- 14.5 -19 and I.C. 5 -1.5, and the Commission hereby determines to issue its Commission Bonds <br />pursuant to 36 -7 -14 -25.1 and I.C. 5 -1.5, to obtain money to pay for the costs of the Project. <br />2. The Authority and the Commission reasonably expect to reimburse expenditures <br />for the Project and expenses related thereto with proceeds of Bonds expected to be issued by the <br />Authority and/or the Commission for all or part of the Project in the anticipated amount of <br />approximately $x_,000,000. <br />3. The Authority hereby establishes its intent, pursuant to I.C. 5- 1 -14 -6, to reimburse <br />itself, the Commission and the City for preliminary costs and expenses incurred or advanced in <br />financing the Project from the proceeds of the Authority Bonds when issued. <br />4. The Commission hereby establishes its intent, pursuant to I.C. 5- 1 -14 -6, to <br />reimburse itself and the City for preliminary costs and expenses incurred or advanced in <br />financing the Project from the proceeds of the Commission Bonds when issued. <br />5. The Authority and the Commission hereby declare their official intent to issue <br />Bonds, in an aggregate principal amount not to exceed $ 22 ,000,000, and to reimburse the costs <br />of and expenditures for the Project with the proceeds of such debt. <br />6. This Joint Resolution constitutes a declaration of official intent of the Authority <br />and the Commission to reimburse expenditures under Tres. Reg. § 1.150 -2(e) and Indiana Code <br />§ 5- 1- 14 -6(c). <br />2 <br />