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No. 0541 concerning closeout of the Central Downtown Renewal Area, Project No. IN R-66 and concerning the issuance of bonds
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No. 0541 concerning closeout of the Central Downtown Renewal Area, Project No. IN R-66 and concerning the issuance of bonds
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to adopt a certain resolution concerning the termination of <br />Contract Indiana R -66 (LG) and the possible financing of certain <br />development in the Project Area by the issuance of bonds; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF SOUTH BEND REDEVEL- <br />OPMENT COMMISSION, THE GOVERNING BODY OF THE CITY OF SOUTH BEND <br />DEPARTMENT OF REDEVELOPMENT: <br />1. That the LPA hereby agrees to cooperate in every way <br />with HUD and to do every act necessary to close out <br />and terminate Contract R -66 (LG) by August of 1978. <br />2. That, in the event grants are not available under the <br />United Mass Transportation Act and the Economic Devel- <br />opment Act for necessary development of the Project <br />Area, the LPA will perform every act necessary to issue <br />and sell its general obligation bonds as permitted by <br />law. <br />Adopted at the Regular Meeting of the South Bend Redevelopment <br />Commission held on September 16, 1977, at the Office of the <br />Commission, 1200 County -City Building, 227 W. Jefferson Blvd., <br />South Bend, Indiana 46601. <br />CITY OF SOUTH BEND, INDIANA <br />DEPARTMENT OF REDEVELOPMENT <br />- 2 - <br />� Nimtz, Presi t <br />
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