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No. 0226 approving/providing execution of proposed loan and capital grant contract, Contract No. IND R-56(LG), establishing a project expenditures account with respect to said project and other purposes
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No. 0226 approving/providing execution of proposed loan and capital grant contract, Contract No. IND R-56(LG), establishing a project expenditures account with respect to said project and other purposes
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10/18/2012 4:15:50 PM
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to the Department of Housing and Urban Development, together with such other <br />documents relative to the approval and execution thereof as may be required <br />by the Government. <br />Section 3. The Local Public Agency agrees to abide by all of the pro- <br />visions, terms, and conditions of said Contract. <br />Section 4. With respect to this Project of the Local Public Agency, <br />designate roject No. IND. R -56, there is hereby established a special <br />fund, designated "Project Expenditures Account; Project No. IND. R -5611, <br />which shall be maintained as a part of the "Consolidated Project Expenditures <br />Account" in a bank or banks which are members of the Federal Deposit Insurance <br />Corporati n. All funds which, by the terms of the Loan and Capital Grant <br />Contract, are required to be deposited in said Account shall be promptly <br />deposited therein. <br />Section 5. This Resolution shall take effect immediately. <br />Sectic <br />Comnissior <br />Avenue, St <br />1 6. Adopted at a regular meeting of the South Bend Redevelopment <br />on July 18, 1968, at the office of the Commission, 120 West LaSalle <br />ite 1001, South Bend, Indiana. <br />-2- <br />
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