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6- 1.1 -20 -3, the Commission shall make a loan in an amount not to <br />exceed Four Million Nine Hundred Thousand Dollars ($4,900,000). <br />In order to procure the funds for said loan, the Controller <br />of the City is hereby authorized and directed to have prepared and to <br />issue and sell the negotiable bonds of the Redevelopment District in <br />one or more series or issues, the principal of and interest on which <br />are payable from a special tax (the "Special Tax ") levied upon all of <br />the taxable property in the Redevelopment District, which district is <br />a special taxing district including all of the territory in the City <br />and deposited in the Redevelopment Special Taxing District Bond Fund, <br />which bonds shall be issued in the name of the Commission, for and on <br />behalf of the Redevelopment District, in an aggregate principal <br />amount not to exceed Four Million Nine Hundred Thousand Dollars <br />($4,900,000), with a discount not to exceed three percent (3%), and <br />which amount does not exceed the cost of property acquisition and <br />redevelopment in the Area, together with a sum sufficient to pay the <br />estimated cost of all expenses reasonably incurred in connection with <br />the acquisition and redevelopment of the Area, including the total <br />cost of all land and rights of way and other property to be acquired <br />and redeveloped, all necessary architecture, 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 bonds therefore, which estimated cost is Four Million <br />MI: <br />