RM 08-04-60 - Laserfiche WebLink

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k�'. Res the F des which No. 22 y set up, and maintain in a bank or banks which are members of ral Deposit Insurance Corporation, a separate and special fund d "Project Expenditures Account; Project No. Indiana R -711, into shall be deposited certain funds described in said proposed Contract: BE IT RESOLVED BY the South Bend Redevelopment Commission, Gove4ing Body of the City of South Bend, Department of Redevelopment, AS FOLLOWS: Section 1. The proposed Contract, designated "Loan and Capital Grant Contract, Contract No. Indiana R -7 (LG)", consisting of Parts I and II, under and subject to the provisions, terms, and conditions of which the Gove nment will make a Project Temporary Loan, a Project Definitive Loan, and a Project Capital Grant under Title I of the Housing Act of 1949, as to the Local Public Agency to aid in financing an urban renewal proje4, designated Project No. Indiana R -7, situated in the City of South Bend Indiana, is hereby in all respects approved. Section 2.' The President of the South Bend Redevelopment Com- miss on is hereby authorized and directed to execute said proposed Con- tract lin two counterparts on behalf of the Local Public Agency, and the Secretary of the South Bend Redevelopment Commission is hereby author- ized 4nd directed to impress and attest the official seal of the Local Public y on each such counterpart and to forward such counterparts to the Housing and Home Finance Agency, together with such other documents relat e to the approval and execution thereof as may be required by the Gove nment. Section 3. The Local Public Agency agrees to abide by all of the ions, terms, and conditions of said Contract. Section 4. With respect to this Project of the Local Public Agency, desig ated Project No. Indiana R -7, there is hereby established a separate - 2 -