1990-12-17 Resolution 26 - Laserfiche WebLink

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(the "Trust Agreement") which Trust Agreement provides for, among other things, the issuance of such Bonds to finance the Project; and WHEREAS, the Authority desires to enter into an Agency Agreement with the City of South Bend by and through its Board of Public Works to provide for the construction of the Project by the Board of Public Works and other related matters, a copy of which is attached hereto as Exhibit A. NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment Authority as follows: Section 1. In order to pay and finance the costs of the Project and to pay costs of issuance, there is hereby authorized and there shall be executed, issued, and delivered by and on behalf of the Authority, pursuant to I.C. 36-7-14.5 et sec.., the Bonds in the aggregate principal sum of Four Million Two Hundred Thousand Dollars ($4,200,000). Section 2. The Bonds shall bear interest at a rate or rates not exceeding 11% per annum (or such lesser per annum interest rate as the Authority may establish with the advice of its financial advisor at the time of the publication of the notice of intent to sell the Bonds) and shall mature serially on August 1 in the years and in the amounts as follows: -2- \rlhill\sthbnd\airport\resoluti\ra-auth.2;tmg;12/14/90;