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No. 0441 authorizing the issuance of certain project loan notes for project IND R-57
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No. 0441 authorizing the issuance of certain project loan notes for project IND R-57
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19 <br />d - C3 <br />RESOLUTION NO. 441 <br />RESOLUTION OF THE SOUTH BEND REDEVELOPMENT <br />COMMISSION GOVERNING BODY OF THE CITY OF <br />SOUTH BEND DEPARTMENT OF REDEVELOPMENT AUTHOR - <br />ZING THE ISSUANCE OF CERTAIN PROJECT LOAN <br />NOTES FOR PROJECT, INDIANA R -57 <br />WHEREAS, the City of South Bend Department of Redevelopment has <br />just received approval on an amendatory contract for loan and <br />grant which has increased the loan authorization for this project <br />contract being dated January 24, 1973. <br />WHEREAS, Master Resolution #266 placed before and adopted by <br />the South Bend Redevelopment Commission on June 6, 1969 commonly <br />referred to as the Master Resolution authorized,the issuance <br />of loan requisition and loan notes by the Executive Director <br />from time to time as needed, and <br />WHEREAS, HUD has approved the issuance of Second Series 1973 <br />project notes for this project, in the amount of $1,320,000 <br />NOW THEREFORE BE IT RESOLVED, by the South Bend Redevelopment <br />Commission governing body of the City of South Bend Department <br />of Redevelopment that the issuance of Second Series 1973 project <br />notes for Project, Indiana R -57 is hereby approved and that the <br />advertisement of said notes on March 20, 1973 is hereby approved, <br />and the canvassing of bids for said project notes at 1:00 P.M <br />EST April 3, 1973 is hereby authorized. <br />BE IT FURTHER RESOLVED, that the Executive Director is hereby <br />authorized and directed to prepare and submit all necessary documents <br />for the issuance of said loan notes, and that the President and <br />the Secretary of the Redevelopment Commission is hereby authorized <br />and directed to execute all documents necessary for the issuance <br />of said loan notes. <br />ADOPTED at the regular meeting of the South Bend Redevelopment <br />Commission, held on March 16, 1973 at the office of the Commission <br />located at 1200 County -City Building, 227 West Jefferson Boulevard, <br />South Bend, Indiana. <br />CITY OF SOUTH BEND, INDIANA <br />DEPARTMENT OF REDEVELOPMENT <br />(SEAL) <br />LGB /blw <br />FAI MESA. <br />- - <br />
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