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CJ <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Authority as follows: <br />1. The Authority hereby establishes its intent to issue its Bonds pursuant to <br />I.C. 36-7-14.5 for the purpose of financing the Project, and the Authority hereby determines that <br />the aggregate principal amount of the Bonds will not exceed Thirteen Million Nine Hundred <br />Thousand and 00/100 Dollars ($13,900,000.00). <br />2. The Authority hereby declares its official intent, pursuant to <br />I.C. 5-1-14-6(b) and § 1.150-2 of the Treasury Regulations, that preliminary costs incurred by or <br />on behalf of the Authority and the Commission in financing the construction of the Project be <br />reimbursed from the proceeds of the Bonds. <br />3. This resolution shall be in full force and effect from and after its adoption <br />• <br />by the Authority. <br />ADOPTED at a meeting of the South Bend Redevelopment Authority held on <br />April 18, 1997, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, <br />Indiana. <br />CITY OF SOUTH BEND <br />REDEVELOPMENT AUTHORITY <br /> <br />By: <br />ATTEST: <br />~~~ <br />Euge ad w i, Secretary-Treasurer <br />J:\W PDOCS\RRROMPOL\STHBENDVvfORRIS\RESOLUTLONS\REIbID.502;ays <br />Andre B. Gammage, resident <br />-2- <br />