No. 0461 providing for acceptance, 5th day of Sept., 1973, the lowest bid(s) in excess of the project temporary loan interest rate

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x- RESOLUTION NO. 461 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION PROVIDING FOR THE ACCEPTANCE ON THE 5TH DAY OF SEPTEMBER, 1973 OF THE LOWEST BID OR BIDS IN EXCESS OF THE PROJECT TEMPORARY LOAN INTEREST RATE AND FOR THE ACCEPTANCE ON THE 5TH DAY OF SEPTEMBER, 1973 OF A WAIVER BY THE UNITED STATES GOVERNMENT IN THE FORM ATTACHED WITH RESPECT TO NDP PROJECT IN A -10, 3RD SERIES 1973 BE IT RESOLVED by the South Bend Redevelopment Commission, Governing Body of the City of South Bend, Department of Redevelopment, (herein called the "Local Public Agency ") as follows: SECTION 1. The Executive Director of the Local Public Agency or his duly acting representative is hereby authorized to award on the 5th day of September, 1973, on behalf of the Local Public Agency, to the lowest bidder or bidders acceptable to the United States Department of Housing and Urban Development the Local Public Agency's Project Notes being offered on that day even if the lowest acceptable bid or bids received exceed the project Temporary Loan Interest Rate specified in the applicable Loan and Capital Grant Contract. SECTION 2. The President and Secretary of the South Bend Redevelop- ment Commission is further authorized -to accept, on behalf of the Local Public Agency, a fully executed waiver offered by the Government in the form of the attached waiver. SECTION 3. Any and all prior resolutions of the Local Public Agency are hereby amended to the extent necessary to enable the Executive Director or his duly acting representative to make awards on the 5th day of September, 1973 and to accept the waiver as herein provided. SECTION 4. This resolution shall take effect immediately. SECTION 5. Adopted at a regular meeting of the Redevelopment Commission held in the office of the Department of Redevelopment, Room 1200 County -City Building, South Bend, Indiana on August 17, 1973. CITY OF SOUTH BEND - Irw DEPARTMENT OF REDEVELOPMENT Fr . H lmen, President ATTEST: 9`� ki)aL - B. L. qkt;ss1Ytant Secretary (SEAL)