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Authorizing $4,000,000 Soild Waste Disposal Revenue Bonds
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Authorizing $4,000,000 Soild Waste Disposal Revenue Bonds
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Last modified
4/30/2013 2:21:29 PM
Creation date
4/30/2013 2:21:06 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/6/1982
Ord-Res Number
7141-82
Bill Number
134-82
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M. EDWARD DORAN <br />CHARLES M. BOYNTON <br />GERALD A. KAMM <br />JOHN E. DORAN <br />DONALD E. ESMONT <br />FREDERICK C. BOYNTON <br />DANIEL A. MANION <br />Law offices of <br />DORAN, MANION, BOYNTON, KAMM & ESMONT <br />Suite 725 5t.J05eph BankBuildin9 <br />SOUT14 BEND, INDIANA 46601 <br />Common Council <br />City of South Bend <br />South Bend, IN <br />November 16, 1982 <br />Re: City of South Bend, Indiana, <br />Solid Waste Disposal Revenue Bond, <br />Series 1982 (Waste Management, Inc. <br />Project) <br />Ladies and Gentlemen: <br />CLARENCE MANION <br />(1896 -1979) <br />TELEPHONE 233 -6117 <br />AREA CODE 219 <br />Enclosed herewith is the original and one copy of the Loan <br />Agreement and the Indenture of Trust involved in the Solid <br />Waste Disposal Revenue Bond (Waste Management, Inc. Project), <br />Series 1982. <br />This bond is in the sum of Five Million Dollars of Revenue <br />Bonds. The said bonds will be issued in registered form as <br />to principal only in denominations of Five Thousand Dollars <br />and will carry a rate of interest not exceeding 11% payable <br />on May 1 and November 1st of each year, and as of May 1, 1983. <br />The bond is for the purposes of establishing the Solid <br />Waste Disposal System which is located approximately 2,800 feet <br />West of State Road, Route 331 on Shively Road at St. Joseph <br />County, Madison Township, Indiana. <br />The bond is a thirty year bond and the proceeds thereof <br />will be used for the development of the cemetery landfill <br />and attendant facilities and equipment. The purchase of <br />facilities, vehicles, containers and machinery for the <br />collection of storage and transportation for the disposal of <br />solid waste will be used from the proceeds. <br />No request for tax abatement has been made and the operation <br />of the landfill will create one new job and preserve six other <br />positions. <br />
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