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UTHg4 <br /> Nom. <br /> 1200N COUNTY-CITY BUILDING PHONE 574.235.9216 <br /> 227 W. JEFFERSON BLVD. y PFA(E FAX 574.235.9928 <br /> SOUTH BEND,INDIANA 46601-18302 <br /> 9 "1 .4 <br /> 1865 <br /> CITY OF SOUTH BEND PETE BUTTIGIEG,MAYOR <br /> DEPARTMENT OF ADMINISTRATION AND FINANCE <br /> 1,--Firein Cleric's Office I <br /> June 24,2019 <br /> I JUL 01 2019 \ <br /> Mr.Tim Scott,President y'FbWLCBJ <br /> City of South Bend Common Council pcp,REE�11H <br /> 227 W.Jefferson Boulevard,4th Floor CITY CLERK,SOUTH BENDIN <br /> South Bend,Indiana 46601 <br /> RE:Supplemental Bond Ordinance <br /> Dear President Scott, <br /> The City of South Bend was recently contacted by the Indiana Bond Bank with an opportunity to <br /> refinance an outstanding Water Works Bond Issue.Given current interest rates,this opportunity <br /> would allow the City to save a substantial amount of money on interest expense.The attached <br /> Supplemental Bond Ordinance authorizes the City to amend its original bonds. <br /> I will present this bill to the Common Council at the appropriate committee and council meetings.It <br /> is requested that this bill be filed for 1st reading on July 8,2019 with 2nd reading,public hearing <br /> and 3rd reading scheduled for July 22,2019. <br /> Thank you for your attention to this request.If you should have any questions,please feel to contact <br /> me at 574-235-9822. <br /> Regards, <br /> Daniel T.Parker <br /> City Controller <br />