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• South Bend Redevelopment Authority <br />Special Meeting - June 18, 1992 <br />3. NEW BUSINESS (Cont.) <br />a. continued... <br />the form presented and authorizes changes to the Official <br />Statement as recommended by bond counsel and financial <br />counsel. The resolution also authorizes publication <br />ofthe Notice of Intent to Sell Bonds, stating the terms <br />of the bonds sale, and authorizes the President and <br />Secretary to execute the Trust Agreement following the <br />bond sale. <br />Mr. Hill noted that the bond is a taxable bond allowing <br />the City to continue to lease out the retail space on the <br />first floor. <br />Mr. Hill also noted that the term of the bond is 12 <br />years, equal to the remaining term of the City's present <br />lease for space in the Palais Royale. <br />Upon a motion by Mr. Gammage, seconded by Mr. Fewell and <br />unanimously carried, the Authority approved Resolution <br />No. 56 authorizing issuance of the South Bend <br />Redevelopment Authority Taxable Lease Rental Revenue <br />Bonds (Palais Royale Project) and regarding other related <br />matters. <br />4. APPROVAL OF CLAIMS <br />AIRPORT TAX_EXEMPT BOND <br />Cole Associates, Inc. $ 3,000.00 <br />B. David Huntington & Assoc. 2,950.00 <br />North American Golf, Inc. 37,300.00 <br />Abstract & Title Corp. 50.00 <br />TOTAL AIRPORT TAX EXEMPT BOND $43,300.00 <br />AIRPORT TAXABLE BOND -- <br />John & Betty Pendl and Jordan's Mishawaka Transfer $ 3,225.70 <br />Delta Consulting Services, Inc. 3,000.00 <br />TOTAL AIRPORT TAXABLE BOND $ 6,225.70 <br /> <br />-2- <br />