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l <br />CouNIY -CTtY BunniNG <br />227 W. JEFFERSON BLVD. <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 5741235-9216 <br />FAx 574/235 -9928 <br />TDD 574/ 235 -5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />DEPARTMENT OF ADMINISTRATION AND FINANCE <br />M. CATHERINE FANELLo <br />CONTROLLER <br />January 23, 2008 <br />Mr. Timothy Rouse, President <br />South Bend Common Council <br />4`h Floor, County -City Building <br />South Bend, IN 46601 <br />Dear President Rouse: <br />The attached resolution for your consideration and approval will authorize the City of <br />South Bend Building Corporation to refund its 2001 County Option Income Tax Lease <br />Rental Revenue Bonds. Through this refunding, the City is expected to realize savings in <br />debt service costs of approximately $90,000 per year for the years 2008 through 2021. I <br />will present this resolution to the Common Council. <br />Please feel free to contact me if you have any questions. Thank you for your favorable <br />consideration of this ordinance. <br />Sincerely, <br />1)0-1- J). m <br />John H. Murphy <br />Assistant/Acting City Controller <br />Attachment <br />Im <br />Fued Will, <br />jo 2 <br />�,k°i'r CSI. ^:.;i, - ___.�.,.e..:�..- -.•-.° <br />JANicE L. HALL JOHN MURPHY ROBERTALLEN _Y <br />DIRECTOR ASSISTANT CONTROLLER DIRECTOR, iiii <br />HUMAN RESOURCES INFORMAnoNTECHNOLOGY <br />