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1200 COUN'[Y-Cl'CY BUILDING <br />SOUTH BEND, INDUNA 46601-1830 <br />PHONE 574/235-9371 <br />Fax 574/235-9021 <br />TDD 574/235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY SL ECONOMIC DEVELOPMENT <br />JoN R. HUNT <br />ExECUTIVE DIRECTOR <br />November 4, 2002 <br />South Bend Common Council <br />4th Floor Council Chambers <br />400 County City Building <br />South Bend, Indiana 46601 <br />Dear Council Member: <br />The attached bill for your consideration will create a new Fund to be known as The South Bend <br />Redevelopment District Sample/Ewing Allocation Area Capital Fund #427. <br />This bill is related to the issuance of Redevelopment District Special Taxing District Bonds, <br />Series 2002, as authorized by the Redevelopment Commission's Resolution 1904, and amended <br />by Resolution 1920. This bond covers the City's costs of the TJX development project. <br />Resolutions 1904 and 1920 require the creation of this Capital Fund, as does Indiana Code 36-7- <br />14-26. The Capital Fund will receive the bond proceeds, which will be disbursed for TJX <br />development costs. <br />I appreciate your consideration of this bill, and if you have any questions, please feel free to call <br />me at 235-9339. Either Elizabeth Leonard or I will present this bill at your November 25`n <br />meeting. <br />Sinc ely, <br />D nald E. Inks <br />Director <br />Division of Economic Development <br />cc: Jon Hunt <br />John March <br />Elizabeth Leonard <br />T+4y <br />t <br />COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL & PROGRAM <br />PAMBLA C. MEYER DONALD E. INKS MANAGEMENT <br />574/235-9660 574/235-9371 ELIZABETH LEONARD <br />FAx: 574/235-9697 574/235-9371 <br />