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South Bend Redevelopment Commission <br />Regular Meeting - December 4, 1992 <br />6. NEW BUSINESS (Cont.) <br />f. continued... <br />Upon a motion by Mr. Donoho, seconded by COMMISSION APPROVED BID <br />Mr. Faccenda and unanimously carried, the SPECIFICATIONS AND DESIGN <br />Commission approved Bid Specifications CONSIDERATIONS FOR PARCELS IN THE <br />and Design Considerations for Parcels in STUDEBAKER CORRIDOR DEVELOPMENT <br />the Studebaker Corridor Development Area. AREA <br />g. Commission approval requested to vublish <br />Notice of Intended Sale of Property in <br />the Studebaker Corridor Development Area <br />with publication dates to be December 11 <br />and December 18, 1992 and receipt of bids <br />to be at 10:00 a.m. on January 4, 1993. <br />Upon a motion by Mr. Donoho, seconded by <br />Mr. Faccenda and unanimously carried the <br />Commission authorized publication of <br />Notice of Intended Sale of Property in <br />the Studebaker Corridor Development Area <br />with publication dates to be December 11 <br />and December 18, 1992 and receipt of bids <br />to be at 10:00 a.m. on January 4, 1993. <br />h. Commission anvroval requested for <br />Resolution No. 1118 authorizing the <br />issuance of bonds on parity with the City <br />of South Bend Redevelopment District Tax <br />Increment Revenue Bonds of 1985, the City <br />of South Bend Redevelopment District Tax <br />Increment Revenue Bonds of 1986 and the <br />City of South Bend Redevelopment District <br />Tax Increment Revenue Bonds of 1988 for <br />the purpose of raising money for <br />redevelopment in the South Bend Central <br />Development Area. <br />Ms. Manier explained that there are <br />currently outstanding tax increment bonds <br />for the South Bend Central Development <br />Area. Therefore, prior to the issuance <br />of additional finance bonds, certain <br />parity provisions of the existing bonds <br />must be met. The City Controller has <br />indicated that the debt service on the <br />existing bonds is paid to date. The <br />financial advisor on these bonds has <br />provided a Parity Certificate that <br />indicates that the parity provisions will <br />-6- <br />COMMISSION AUTHORIZED PUBLICATION <br />OF NOTICE OF INTENDED SALE OF <br />PROPERTY IN THE STUDEBAKER <br />CORRIDOR DEVELOPMENT AREA WITH <br />PUBLICATION DATES TO BE DECEMBER <br />11 AND DECEMBER 18, 1992 AND <br />RECEIPT OF BIDS TO BE AT <br />10:00 A.M. ON JANUARY 4, 1993 <br />