No. 0858 indicating its intent to be reimbursed for preliminary costs related to the acquisition and redevelopment of the Studebaker Corridor development area or the issuance of bonds

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RESOLUTION NO. 858 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION INDICATING ITS INTENT TO BE REIMBURSED FOR PRELIMINARY COSTS RELATED TO THE ACQUISITION AND REDEVELOPMENT OF THE STUDEBAKER CORRIDOR DEVELOPMENT AREA OR THE ISSUANCE OF BONDS WHEREAS, the South Bend Redevelopment Commission (the "Commission "), subsequent to complying with all statutory requirements, intends to issue its South Bend Redevelopment District general obligation bonds (the "Bonds "), for the purposes of obtaining money to pay for the costs of acquisition and redevelopment within the Studebaker Corridor Development Area (the "Area "); and WHEREAS,the Commission desires to reimburse itself for all expenses reasonably incurred in connection with the acquisition and redevelopment of the Area from proceeds of the Bonds, when issued, including all reasonable and necessary architectural, engineering, legal, financing, accounting, advertising, and supervisory expenses related to the acquisition and redevelopment of the Area or the issuance of the Bonds. NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT COMMISSION, AS FOLLOWS: 1. The Commission hereby establishes its intent pursuant to IC 5- 1 -14 -6 to reimburse itself for all reasonable and necessary co preliminary costs incurred in financing the acquisition and redevelopment of the Area or the issuance of Bonds. 2. This resolution shall be in full force and effect from and after its adoption by the Commission.