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No. 0926 regarding the insufficiency of a remonstrance relating to the $4,900,000 COSB redevelopment district bonds of 1990
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No. 0926 regarding the insufficiency of a remonstrance relating to the $4,900,000 COSB redevelopment district bonds of 1990
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WHEREAS, on December 27, 1989, the Commission adopted a <br />Preliminary Bond Resolution (Resolution No. 903) authorizing the <br />issuance and sale of the negotiable bonds of the District (the <br />Irâ–º <br />"Bonds "), in one or more series or issues, the principal of and <br />interest on which are payable from a special tax to be levied upon <br />all of the taxable property of the District and deposited in the <br />Redevelopment District Bond Fund, which bonds shall be issued in the <br />name of the City of South Bend for and on behalf of the District, in <br />an aggregate principal amount not to exceed Four Million Nine Hundred <br />Thousand Dollars ($4,900,000), for the purpose of procuring funds to <br />pay for the cost of property acquisition and redevelopment in the <br />Area, together with a sum sufficient to pay the estimated cost of all <br />expenses reasonably incurred in connection with the acquisition and <br />redevelopment of the Area, including the total cost of all land, <br />rights -of -way and other property to be acquired and redeveloped, all <br />reasonable and necessary architectural, engineering, legal, <br />financing, accounting, advertising, bond discount and supervisory <br />expenses, capitalized interest and expenses the Commission may be <br />required to pay as "relocation assistance" under IC 8 -13 -18.5, <br />together with the expenses in connection with or on account of the <br />issuance of the Bonds, all in and with respect to the Area; and <br />WHEREAS, the Secretary of the Commission gave notice of the <br />petition for the issuance of the Bonds by causing such notice to be <br />published one time in the Tri- County News and The South Bend Tribune <br />and to be posted in three public places in the District, all on <br />December 29, 1989, as provided by IC 6- 1.1 -20 -4; and <br />-2- <br />
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