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South Bend Redevelopment Commission <br />Regular Meeting - November 6, 1998 <br />6. NEW BUSINESS (CONT.) <br />e. continued.... <br />Resolution No. 1646 establishes the funds <br />into which the Blackthorn Golf Course <br />Bond sale proceeds will be deposited. <br />She also stated that if there is not a <br />sufficient amount of money in the fund to <br />satisfy the Bond payment due on August 1 <br />of each calendar year, then the <br />Commission must levy a tax to satisfy the <br />Bond payment. However, in the past, a <br />tax levy has not been needed because there <br />has been a sufficient amount of money in <br />the fund to pay the Bond payments. <br />Mrs. Kolata stated that the Blackthorn <br />Golf Course Bond refinancing will take <br />place Tuesday, November 10, 1998, at <br />10:00 a.m. <br />Upon a motion by Mr. Faccenda, seconded <br />by Mr. Donoho and unanimously carried, <br />the Commission adopted Resolution <br />No. 1646 of the South Bend <br />Redevelopment Commission Establishing <br />Certain Funds and Accounts in Connection <br />with the Lease Dated as of July 1, 1992, as <br />Amended, Between the South Bend <br />Redevelopment Commission and the <br />South Bend Redevelopment Authority for <br />the Blackthorn Golf Course Project. <br />L Commission approval requested for <br />Resolution No. 1647 related to <br />acquisition of property in the Sample - <br />Ewing Development Area by Eminent <br />Domain. <br />HAWPDATATOMMSM 10698.MIN -8- <br />COMMISSION ADOPTED RESOLUTION NO. 1646 OF <br />THE SOUTH BEND REDEVELOPMENT COMMISSION <br />ESTABLISHING CERTAIN FUNDS AND ACCOUNTS <br />IN CONNECTION WITH THE LEASE DATED AS OF <br />JULY 1, 1992, AS AMENDED, BETWEEN THE SOUTH <br />BEND REDEVELOPMENT COMMISSION AND THE <br />SOUTH BEND REDEVELOPMENT AUTHORITY FOR <br />THE BLACKTHORN GOLF COURSE PROJECT <br />