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CALJNT'1-CTCY BUILDING <br />227 W. JEFFERSON BLVD. <br />SOUTH BEND, INDIANA 46601-1830 <br />CITY OF SOUTH BEND STEPHEN J. LuECxE, MAYOR <br />PHONE 574/235-9216 <br />Far 574/ 235-9928 <br />TDD 574/ 235-5567 <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 />4th 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 />wi).1 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 />l~. <br />John H. Murphy <br />Assistant/Acting City Controller <br />Attachment <br />~e, ~K~ r ~ <br />~il~d !n ~~~r'~':~ ~„s~~t~~~s~ <br />_.___..-, ~.. .. ___ .... ~-.. _...9 <br />G'~~ `c'.`..::,.....:...:..m.`s. fig - <br />JANICE L. HALL JoI->rr MvxrHY RosERT ALLEN L. <br />DIRECTOR ASSISTANT CONTROLLER DIRECTOR <br />HUMAN RESOURCES INFORMATION TECHNOLOGY ~ f <br />