My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1994-06-21 Minutes
sbend
>
Public
>
Redevelopment Authority
>
Minutes
>
1990-1999
>
1994
>
1994-06-21 Minutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/24/2008 3:49:07 PM
Creation date
7/24/2008 3:48:54 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
170
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
The remaining proceeds of the Bonds will be used to finance (i) the Reserve Amount to be deposited into <br />and iu the costs <br />• the Reserve Fund, (ii) capitalized interest on the Bonds in the amount of $ ~ ( ) <br />incurred by the Authority with respect to the issuance, sale and delivery of the Bonds. <br />SOURCES AND USES OF BOND PROCEEDS <br />The proceeds of the Bonds are expected to be applied as follows: <br />Sources <br />Original Principal Amount of Bonds $ 17,950.000 <br />TOTAL $ 17,950,000 <br />Uses <br />Deposit to Construction Account $ <br />Deposit to Reserve Fund 1,795,000 <br />Capitalized Interest <br />Costs of Issuance~`~ <br />TOTAL $ 17,950.000 <br /><1> Includes underwriters' discount. <br />• THE REDEVELOPMENT DISTRICT <br />The Commission and the Redevelopment District <br />The Redevelopment District is a special taxing district established pursuant to Indiana Code 36-7-14, as <br />amended (the "Redevelopment Act"), with geographical boundaries which are coterminous with the geographical <br />boundaries of the City. .For additional information, see "THE REDEVELOPMENT DISTRICT" in Appendix D <br />herein. The Commission, which serves as the governing body of the Redevelopment District, has the power to issue <br />bonds and enter into leases which are payable from a special tax levied on all of the taxable property within the <br />Redevelopment District, for the purpose of financing local public improvements which promote economic <br />development within the Redevelopment District. <br />The Commission is composed of five members, with three being appointed by the Mayor of the City and <br />two being appointed by the South Bend Common Council, the legislative body of the City. Pursuant to the <br />Redevelopment Act, each member of the Commission serves fora one year term and until a successor is appointed <br />and qualified. <br />The current members of the Commission are listed below: <br />Paula N. Auburn, President--Owner and principal in CS Associates, Inc., a management <br />consulting firm; Adjunct Assistant Professor of Business Administration, University of Notre <br />Dame <br />Roman Piasecki, Vice President--Retired from Sears Roebuck & Co. <br />. Theo F. Sharp, Secretary--Retired from Clark Equipment Company <br />-18- <br />
The URL can be used to link to this page
Your browser does not support the video tag.