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Authorizing the Issuance of $1,550.000 Economic Development Revenue Bonds - Columbia Place Associates Project
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Authorizing the Issuance of $1,550.000 Economic Development Revenue Bonds - Columbia Place Associates Project
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5/14/2013 2:26:22 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
4/28/1981
Ord-Res Number
6916-81
Bill Number
41-81
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TRANSMITTAL OF AN ADOPTED RESOLUTION OF THE SOUTH BEND ECONOMIC DEVELOP- <br />MENT COMMISSION TO THE CITY OF SOUTH BEND COMMON COUNCIL PERTAINING TO <br />THE FINANCING OF FACILITIES FOR COLUMBIA PLACE ASSOCIATES BY THE ISSU- <br />ANCE OF THE CITY OF SOUTH BEND, INDIANA OF ITS ECONOMIC DEVELOPMENT <br />REVENUE BONDS <br />To: The South Bend Common Council <br />c/o Irene K. Gammon, City Clerk <br />City of South Bend <br />County -City Building <br />South Bend, Indiana 46601 <br />The South Bend Economic Development Commission Lthe "Commission ") <br />hereby transmits to you in accordance with the provisions of Chapter <br />4.5 of Article 6 of Title 18 of the Indiana Code, as amended (the "Act "), <br />a resolution adopted by the Commission on April 3, 1981, as called for <br />by the Act. <br />You will note from perusal of the body of the resolution and doc- <br />uments that the purpose thereof is to provide for the financing by the <br />City of certain economic development facilities to be located in the <br />City of South Bend, Indiana, for Columbia Place Associates, an Indiana <br />limited partnership, by the execution of a Mortgage, Loan and Security <br />Agreement and a Trust Indenture, and the issuance of Economic Develop- <br />ment Revenue Bonds of the City of South Bend, Indiana, in a total amount <br />not to exceed $1,550,000, repayable over a term not to exceed four (4) <br />years. <br />As to the recommended ordinance, you are respectfully asked to <br />present such ordinance upon its submission to the Common Council of the <br />City of South Bend, Indiana, for passage. <br />Submitted April 22, 1981. <br />SOUTH BEND ECONOMIC DEVELOPMENT <br />COMMISSION <br />Walter A. Mucha, Secretary <br />
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