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<br />• <br /> <br />WHEREAS, the Commission adopted Resolution No. 1235 at <br />a special meeting on March 11, 1994, approving of the issuance of <br />the Bonds by the Authority and recommending that the Common Council <br />adopt an ordinance approving of the issuance of the Bonds; and <br />WHEREAS, the Common Council has adopted an ordinance at <br />its meeting on March 14, 1993, approving of the issuance of the <br />Bonds by the Authority; and <br />WHEREAS, the Authority desires to reaffirm its intent to <br />issue the Bonds to finance the Project and desires to enter into <br />an Agency Agreement with the City by and through its Board of <br />Public Works (the "Board of Works") in the form of the Agency <br />Agreement presented at this meeting to provide for the construction <br />of the Project by the Board of Works and other related matters; and <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Authority as follows: <br />1. The Authority hereby reaffirms its intent to issue <br />its Bonds pursuant to IC 36-7-14.5 for the purpose of financing the <br />construction of the Project and ratifies all earlier actions taken <br />by the Authority to indicate its intent to issue the Bonds and to <br />reimburse preliminary expenditures incurred in connection with the <br />Project from proceeds of the Bonds. <br />2. The Authority hereby approves of the execution of <br />the Agency Agreement with the City South Bend, Indiana, by and <br />through its Board of Public Works in the form presented to this <br />meeting. Further, the Authority ratifies and confirms all actions <br />taken by the Board of Works prior to the date of this meeting on <br />behalf of the Authority to complete the Project. The Secretary of <br />3 <br />