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South Bend Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />•Resolution No. 3638: Appropriating the Proceeds of the Tax Increment Revenue Bonds for the <br />Purpose of Residential Infrastructure Improvements at the Drewrys Site <br />o Appropriates the proceeds of the bond sale for purposes of providing funds to pay the costs <br />of the Drewrys residential project, including related costs and the costs of issuing the <br />bonds. <br />The RIF loan can be used for the continued environmental remediation, installation of public utilities, and related <br />public infrastructure improvements to support the Drewrys Site Revitalization residential housing development. <br />The RIF loan funds can also be used for legal counsel and municipal advisory services related to the issuance of <br />the bonds. <br />If Resolution No. 3637 and Resolution No. 3638 are adopted, then staff would present to the Common Council at <br />its May 12 meeting a resolution that would approve the issuance of TIF Revenue Bonds.