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..• . _ r, <br />• <br />South Bend Redevelopment Authority <br />Special Meeting - June 23, 1992 <br />2. NEW BUSINESS (Cont.) <br />a. continued... <br />the amount not to exceed $4,695,000 to be used for the <br />refunding of the St. Joseph/Wayne Street Parking <br />Facility. The resolution awards the bonds to Prudential <br />Securities in the amount of $4,660,000. The resolution <br />includes the schedule of maturities and individual <br />interest rates. to be paid for each bond at maturity. <br />The resolution also approves a form of Escrow Agreement. <br />The proceeds from the bonds will be invested at Norwest <br />Bank until the bonds can be called. <br />Mrs. Kolata noted that closing on the bonds will be held <br />on July 22, 1992. <br />Upon a motion by Mr. Gammage, seconded by Mr. Fewell and <br />unanimously carried, the Authority approved Resolution <br />No. 57 approving the award of the South Bend <br />Redevelopment Authority Lease Rental Revenue Bonds <br />(Parking Facility Refunding) -and approving a form of <br />escrow agreement. <br />3. ADJOURNMENT <br />There being no further business to come before the Authority, <br />Mr. Fewell made a motion that the meeting be adjourned. Mr. <br />Gammage seconded the motion and the meeting was adjourned at <br />4:11 p.m. <br />J eph roblewsi, President <br />i <br />Ga.~ <br />. Kolata, Director <br />-2- <br />