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Authorizing Issuance & Sale of $8,500,000.00 Economic Development Revenue Bonds Loan to Brick Road Associates
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Authorizing Issuance & Sale of $8,500,000.00 Economic Development Revenue Bonds Loan to Brick Road Associates
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3/26/2013 2:38:34 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/17/1984
Ord-Res Number
7418-84
Bill Number
141-84
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Tommittu Report <br />0010 #lie (fommou Moundl of t4f ( ng of #01d4 feuh: <br />Your Committee OF THE WHOLE <br />to whom was referred <br />141 -84 A BILL AUTHORIZING THE ISSUANCE AND SALE OF $8,500,000.00 <br />ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, <br />INDIANA, FOR THE PURPOSE OF MAKING A LOAN TO BRICK ROAD ASSOCIATES, <br />IN ORDER TO FINANCE THE CONSTRUCTION AND EQUIPPING OF CERTAIN <br />ECONOMIC DEVELOPMENT FACILITIES LOCATED IN SOUTH BEND, <br />INDIANA; AUTHORIZING EXECUTION OF A LOAN AGREEMENT; PROVIDING <br />FOR THE DELIVERY OF A NOTE AND ASSIGNMENT THEREOF AS SECURITY <br />FOR SAID BONDS; AUTHORIZING AN INDENTURE OF TRUST APPROPRIATE <br />FOR THE PROTECTION AND DISPOSITION OF THE REVENUES FROM SUCH <br />NOTE. <br />Respectfully report that they have examined the matter and that in their opinion This bill should be recommended <br />to the Council favorable as amended: <br />by substitution of a new bill <br />Joseph T. Serge <br />Chairman <br />FREE PRESS PUBLISHING CO. <br />
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