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1990-03-07 Minutes
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1990-03-07 Minutes
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the terms and conditions .of the Trust Agreement dated as of the <br />first day of November, 1989 (the "Trust Agreement"), pursuant to <br />r <br />which the Bonds are being issued. <br />Any person interested in submitting a bid for the Bonds <br />must furnish in writing to the Authority, c/o Mr. Richard <br />Treptow, Springsted Incorporated, 135 North Pennsylvania, ,Suite. <br />2015, Indianapolis, Indiana 462.04-2498, telephone (317) 684-6000, <br />on or before 5:00 p.m. (EST), March 20, 1990, the person's name, <br />address and telephone number. The person may also furnish a <br />telex number. The undersigned Secretary-Treasurer will cause <br />each person so registered to be notified of the date and time <br />bids will be received not less than 24 hours before the date and. <br />time of sale. The notification shall be made by telephone at the <br />number furnished by such person and also by telex if a telex <br />number has been furnished. <br />• Each bid must be for all of the Bonds and must state the <br />rate or rates of interest therefor, not exceeding eight and <br />one-half percent (8.5%) per annum. All bids for the Bonds shall <br />be sealed in an envelope marked "Bid for South Bend Redevelopment <br />Authority Lease Rental Revenue Bonds (South Bend Central <br />Development Area Public Improvement Project)", and shall be <br />presented to the Secretary-Treasurer at the principal office of <br />the Authority, and the Secretary-Treasurer shall continue to <br />receive all bids offered until the hour fixed for the sale of the <br />Bonds, at which time and place he shall open and consider each <br />bid. Bidders for the Bonds shall be required to name the rate or <br />rates of interest which the Bonds are to bear, not exceeding <br />eight and one-half. percent (8.50) per annum. The interest rate <br />• <br />- vi - <br />
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