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South Bend Redevelopment Commission <br />Regular Meeting - November 20, 1998 <br />6. NEW BUSINESS (CONT.) <br />b. continued.... <br />issue is $471,727. The net interest cost on <br />the Bond is 4.703 %. <br />There were three bidders at the Bond sale: <br />City Securities Incorporated, Prudential <br />Securities and NatCity Investments. The <br />Bond closing will be Tuesday, November <br />24, 1998. The successful bidder was City <br />Securities, Incorporated. <br />Resolution No. 1650 establishes the fund <br />which the proceeds from the Bond sale <br />will be deposited into and amends the <br />Lease to reduce the Lease rental payments. <br />Upon a motion by Ms. Schwartz, seconded <br />by Mr. Faccenda and unanimously carried, <br />the Commission adopted Resolution <br />No. 1650 of the South Bend <br />Redevelopment Commission approving <br />the Execution of an Addendum to the <br />Lease dated as of November 16, 1998, <br />between the South Bend Redevelopment <br />Commission and the South Bend <br />Redevelopment Authority for the <br />Blackthorn Golf Course Project. <br />c. Commission approval requested for <br />proposals for appraisal services in the <br />Airport Economic Development Area. <br />Mrs. Kolata stated that two proposals were <br />needed and received. <br />HAWPDATA \C0MMSN\112098.MIN -7- <br />COMMISSION ADOPTED RESOLUTION NO. 1650 OF <br />THE SOUTH BEND REDEVELOPMENT COMMISSION <br />APPROVING THE EXECUTION OF AN ADDENDUM <br />TO THE LEASE DATED AS OF NOVEMBER 16, 1998, <br />BETWEEN THE SOUTH BEND REDEVELOPMENT <br />COMMISSION AND THE SOUTH BEND <br />REDEVELOPMENT AUTHORITY FOR THE <br />BLACKTHORN GOLF COURSE PROJECT <br />