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Mrs. Kolata explained that Resolution No. 19 ratifies ar~d approves the awan~ <br />of the sale of the Bonds to John Nuveen aril Carnpany, Inc. in the amount of <br />$4,895,000 at a price equal to $4,810,260.16 aril with a net interest rate of <br />7.3541%. The resolution also amexyds the Lease to reflect the lower annual <br />rental payments based on the sale of the bonds, defines the word "project" to <br />include all of the construction work to be completed with bond proceeds, and <br />refines two legal descriptions based on the title work that has recently been <br />done. The resolution also approves the Official Statement Adderidtnn as final. <br />The meeting was suspended to wait .for the final copy of Resolution No. 19 to arrive <br />and resLmied at 4:55 p.m. <br />Upon a motion by Mr. Fewell, seconded by Mr. Mccltllough and unanimously <br />carried, the Authority approved Resolution No. 19 reducing the annual rental <br />on the Lease for the South Bend Central Development Area Public Improvement <br />Project, approving the execution of an addendtun to the Lease, ratifying .the <br />selection of a successful bidder and the terms of the bonds, and rer~aYrlirig <br />other related matters. <br />4. AATTGLTRI~'.P <br />The meeting was adjourned at 5:00 p.m. <br />J ph Wrob ewski, President <br />• <br />Atux' E. Kolata, Di_rec~tor <br />