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City of South Bend <br /> Joseph E. Kernan, Mayor <br /> . 1 <br /> , 865.�1.:'. <br /> Department of Public Works <br /> John E. Leszczynski, Director <br /> September 8, 1993 <br /> South Bend Common Council <br /> 4th Floor County-City Building <br /> South Bend, IN 46601 <br /> ATTN: Mr. Steve Luecke, President <br /> Mr. Tom Zakrzrewski, Chairman Utilities Committee <br /> RE: Amending Bond Ordinance <br /> Dear Councilmen: <br /> Attached for filing please find an Amending Bond Ordinance which <br /> amends Ordinance No. 8318-92 entitiled An Ordinance of the Common <br /> Council of the City of South Bend, Indiana, Authorizing the <br /> Acqusition and Construction of Extensions, Additions, and <br /> Improvements to the Municipal Waterworks of the City of South <br /> Bend, Indiana, Authorizing the Issuance of Revenue Bonds to <br /> Provide for the Costs Thereof, and Authorizing the Collection, <br /> Segregation and Distribution of the Revenues of Such Waterworks <br /> and Other Related Matters (Bond Ordinance) . " <br /> Please note that the Amending Ordinance amends Section two of the <br /> Bond Ordinance so that it now includes a list of the Projects to <br /> be funded with the Bond proceeds . Section four of the Bond <br /> Ordinance is amended to include various provisions such as the <br /> affixing of a maximum interest rate which is set at 8% . Section <br /> 7 of the Bond Ordinance is amended to permit optional redemption <br /> on January 1, 2003, and to permit the successful bidder for the <br /> Bonds to aggregate all or some of the Bonds into Term Bonds which <br /> require less bond certificates . <br /> Further, please note that Section nine of the Bond Ordinance is <br /> amended to refer to a bond which has current date information <br /> regarding payment of the Bonds . Section ten of the Bond <br /> Ordinance is amended to provide information regarding the public <br /> sale of the Bonds . Section fourteen (14) of the Bond Ordinance <br /> is amended to indicate that the Debt Service Reserve will be <br /> funded with proceeds of the Bonds. Section fifteen (15) of the <br /> County-City Building • South Bend, Indiana 46601 • 219/284-9251 <br /> Engineering Environmental Services Equipment Services Transportation Water Works <br /> Michael Meeks, P.E. John J. Dillon, Ph. D. Phil St. Clair Bill Penn Joseph Agostino <br /> 284-9251 277-8515 284-9316 284-9444 284-9322 <br /> FAX (219) 284-9171 FAX (219) 277-8980 FAX (219) 284-9007 FAX (219) 284-9007 <br />