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WHEREAS the Loan and Grant Contract provides in connection with the financing
<br />of the Project that if the Local Public Agency can obtain loan funds from sources
<br />other theai the Government at interest rates lower than the pertinent Project
<br />Temporary Loan Interest Rate or Rates it may do so with the prior written consent
<br />of the Government and, in any such case, if the Local Public Agency shall have
<br />complied with all conditions precedent to its obtaining a payment by the
<br />Governmen under the Loan and Grant Contract in a specified amount on account of
<br />the Project Temporary Loan, the Local Public Agency, with the prior written consent
<br />of the Go ernment, may pledge its right under the Loan and Grant Contract to a
<br />sufficient amount of such particular payment as security for the repayment by the
<br />Local Public Agency of the principal of and interest on its obligations evidencing
<br />loan funds so obtained from sources other than the Government; and
<br />referred
<br />the purp(
<br />security
<br />the inte:
<br />Public A;
<br />is desir,
<br />such obl
<br />Project
<br />of the P
<br />of
<br />as
<br />AS it appears that obligations of the Local Public Agency, known and
<br />:) in the Loan and Grant Contract as "Preliminary Loan Notes , issued for
<br />es as hereinafter authorized, and of the details, description, and
<br />S herein provided, are generally marketable at interest rates lower than
<br />st rate or rates which the Government is required to charge the Local
<br />ncy under the terms of the Loan and Grant Contract, and the Government
<br />s of cooperating with the Local Public Agency in its endeavor to sell
<br />ations in order to reduce carrying charges and other costs of the
<br />d in order to encourage participation of private capital in the financing
<br />iect.
<br />ju
<br />y.'rypNj i � � • k�..,��i `�� ,tit�e�+; ��� �' 'b:F 1" ��� F %:�lV�� i'
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<br />BASED ON FORM H -3078
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<br />2
<br />INDIANA A 5 - -1 -64
<br />1
<br />ICESQLUT3:+ON #83
<br />RESOLUTION AUTHORIZING THE ISSUANCE) SALE.. AND DELIVERY
<br />FROM TIME TO TIME OF PRELIMINARY LOAN NOTES., THE EXECUTION
<br />OF REQUISITION AGREEMENTS., AND THE EXECUTION OF PROJECT
<br />TEMPORARY LOAN NOTES FOR DELIVERY PURSUANT TO REQUISITION
<br />Raw, iewi N CONNECTION WITH URBAN RENEWAL PROJECT N0.
<br />WHERE
<br />,�T_=twwt
<br />(herein ca
<br />led the Local Public Agency , has entered into a contract dated as of
<br />InUa= Rw7
<br />the WWI
<br />day of , 19„_,,,,.,, numbered Contract No . -
<br />(which, to
<br />ether with any supplements thereto or amendments, modifications, or
<br />"Loan Grant Contract "),
<br />waivers of
<br />the United
<br />any provisions thereof, is herein called the and
<br />States of America (herein called. the ''Government "), acting by and
<br />with
<br />through the
<br />Housing and Home Finance Administrator, which Loan and Grant Contract
<br />for Project Temporary Loan by the Government to the Local
<br />provides,
<br />Public Age
<br />in part, a
<br />cy under Title I of the Housing Act of 1949, as amended (42 U._S.0
<br />5 9 57.Ofl~
<br />to exceed $ 83.
<br />1450 et s
<br />in an amount outstanding at any time not ,
<br />�•)� g
<br />Local Public Agency in its undertaking and carrying out of a certain
<br />to aid the
<br />urban renewal
<br />redevelopment project (herein called the "Project ") designated
<br />� 1644 fully identified in the Loan and
<br />Project No.
<br />and which is more
<br />Grant Contract;
<br />and
<br />WHEREAS the Loan and Grant Contract provides in connection with the financing
<br />of the Project that if the Local Public Agency can obtain loan funds from sources
<br />other theai the Government at interest rates lower than the pertinent Project
<br />Temporary Loan Interest Rate or Rates it may do so with the prior written consent
<br />of the Government and, in any such case, if the Local Public Agency shall have
<br />complied with all conditions precedent to its obtaining a payment by the
<br />Governmen under the Loan and Grant Contract in a specified amount on account of
<br />the Project Temporary Loan, the Local Public Agency, with the prior written consent
<br />of the Go ernment, may pledge its right under the Loan and Grant Contract to a
<br />sufficient amount of such particular payment as security for the repayment by the
<br />Local Public Agency of the principal of and interest on its obligations evidencing
<br />loan funds so obtained from sources other than the Government; and
<br />referred
<br />the purp(
<br />security
<br />the inte:
<br />Public A;
<br />is desir,
<br />such obl
<br />Project
<br />of the P
<br />of
<br />as
<br />AS it appears that obligations of the Local Public Agency, known and
<br />:) in the Loan and Grant Contract as "Preliminary Loan Notes , issued for
<br />es as hereinafter authorized, and of the details, description, and
<br />S herein provided, are generally marketable at interest rates lower than
<br />st rate or rates which the Government is required to charge the Local
<br />ncy under the terms of the Loan and Grant Contract, and the Government
<br />s of cooperating with the Local Public Agency in its endeavor to sell
<br />ations in order to reduce carrying charges and other costs of the
<br />d in order to encourage participation of private capital in the financing
<br />iect.
<br />ju
<br />y.'rypNj i � � • k�..,��i `�� ,tit�e�+; ��� �' 'b:F 1" ��� F %:�lV�� i'
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