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Ms. White <br />Page 2 <br />September 1, 2004 <br />is fiscally beneficial to the City. This ordinance amends the 1998 Bond Ordinance (8919-98) to <br />permit the City to substitute one or more insurance policy(s) to provide funds for the Debt Service <br />Reserve Account. This proposed Ordinance has been reviewed and approved by the Indiana Bond <br />Bank, holder of the 1998 bonds, as well as by the State of Indiana. <br />I will present this Ordinance to the Common Council at its appropriate committee meeting <br />as well as at the Council's public hearing. Attorney Alan Feldbaum of Barnes & Thornburg, will also <br />be available to answer any technical questions the Council may have. <br />The Council's favorable consideration of this Ordinance would be most appreciated. <br />Sincerely, <br />Frederick B. Ollett, III <br />Controller <br />Filed in Clerk's Office <br />JOHN YOORDE <br />CITY CLERK, S0. BEND, (N. <br />