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04-08-2024 AGENDA PACKET FINAL
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04-08-2024 AGENDA PACKET FINAL
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City Council - City Clerk
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County-City Building Phone 311 inside City limits <br />227 W Jefferson Blvd Suite,1200 N S0 iTH B.4,Email 311@southbendin.gov <br />South Bend,IN 46601 Q t <br />d Website Southbendin.gov <br />James Mueller,Mayor v <br />W y '1 <br />PEACE Filed in Clerk's Office <br />865 i APR 0 2024 <br />Bianca Tirado <br />City of South Bend city Clerk, South Bencl, IN <br />Department of Administration &Finance <br />Division of Human Resources <br />April 1,2024 <br />Ms.Sharon McBride,President <br />City of South Bend Common Council <br />227 W.Jefferson Boulevard,4th Floor <br />South Bend,Indiana 46601 <br />RE: APPROVING A LEASE BETWEEN THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY AND THE SOUTH BEND REDEVELOPMENT COMMISSION <br />RELATING TO THE FOUR WINDS FIELD AT COVELESKI STADIUM PROJECT <br />AND TAKING OTHER ACTIONS RELATED THERETO <br />Dear President McBride, <br />The attached proposed resolution authorizes the City to issue lease rental revenue bonds to undertake <br />certain improvements at Four Winds Field.The proposed bonds are expected to be repaid from <br />Professional Sports and Convention Development Area(PSCDA)tax revenues. The proposed bonds will <br />be issued in one(1)or more series,in an amount not to exceed forty-five million dollars($50,250, 000). <br />I will present this resolution to the Common Council at the appropriate committee and council <br />meetings.It is requested that this bill be filed for consideration on April 8,2024.If you have any <br />further questions or need additional information,please let me know. <br />Thank you for your attention to this request.If you should have any questions,please feel to contact me <br />at 574-235-9822. <br />Regards, <br />6I w <br />Kyle Willis <br />City Controller <br />Bill No. 24-10
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