No. 1124 amending resolution No. 1118 entitled "authorizing the issuance of bonds on parity with the COSB redevelopment district tax increment revenue bonds of 1985, 1985, 1988 for the purpose of raising money for redevelopment in the SBCAA"

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pursuant to Section 11 hereinbelow. It shall not be necessary for the Commission to repeat the procedures for the issuance of the Series 1993 Bonds, as the procedures followed before the issuance of the BANs are for all purposes sufficient to authorize the issuance of the Series 1993 Bonds and the use of the proceeds to repay the BANs. The proceeds derived from the sale of the BANs shall be and are hereby set aside for the application to the costs of the Project, together with the expenses necessarily incurred in connection therewith including the expenses incurred in the issuance of the BANs, into the Redevelopment District (South Bend Central Development Allocation Area) 1992 Capital Fund pursuant to Section 7 hereinbelow. Notwithstanding the provisions of Section 7, if BANs are issued, that portion of the proceeds of the Series 1993 Bonds required to be deposited into the Redevelopment District (South Bend Central Development Allocation Area) 1992 Capital Fund shall be used to refund the BANs and are hereby pledged for such purpose. Section 5. This resolution shall be in full force and effect after its adoption by the Commission. ADOPTED at a meeting of the South Bend Redevelopment Commission held on December 18, 1992, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana, 46601. SOUTH BEND REDEVELOPMENT COMMISSION By: Paula N. Auburn, President ATTEST: \ d Michael Donoho, Secretary rrrompol \sthbend \hallofam \rcfinanc.ing \amendres.bon;12 /17/92 N]