1992-07-16 Resolution 60 - Laserfiche WebLink

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RESOLUTION NO. 60 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY APPROVING THE AWARD OF A REDUCED AGGREGATE PRINCIPAL AMOUNT OF SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE BONDS (PARKING FACILITY REFUNDING) AND APPROVING THE EXECUTION OF AN ADDENDUM TO THE LEASE BETWEEN THE AUTHORITY AND THE SOUTH BEND REDEVELOPMENT COMMISSION AND OTHER RELATED MATTERS WHEREAS, the South Bend Redevelopment Authority (the "Authority") at a meeting on April 30, 1992, adopted Resolution No. 52 (the "Bond Resolution") authorizing the issuance and sale of bonds to be known as the "South Bend Redevelopment Authority Lease Rental Revenue Bonds (Parking Facility Refunding)" (the "Bonds") pursuant to IC 36-7-14.5 et seg., in the aggregate principal amount not to exceed Four Million Six Hundred Ninety- Five Thousand Dollars ($4,695,000), the proceeds of which are to • be used to refund the South Bend Redevelopment Authority Lease Rental Revenue Bonds (Parking Facility Project) (the "Refunded Bonds") issued in 1988 to finance the construction of a parking facility on real estate located at the northwest corner of St. Joseph Street and Wayne Street in South Bend, Indiana (the "Facility"), and to pay the costs of issuance of the Bonds; and WHEREAS, the Authority at a meeting on June 22, 1992, adopted Resolution No. 57 approving the award of the Bonds to Prudential Securities, Inc., (on its behalf and on behalf of three other underwriters) (the "Underwriter") in an aggregate principal amount of Four Million Six Hundred and Sixty Thousand Dollars ($4,660,000); and