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1316 COUNTY-CITY BUILDING <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BENDS IND[ANA 46601-1830 <br />PHONE 219/235-9251 <br />Fax 219/235-9171 <br />TDD 219/235-5567 <br />CITY OF SOUTH BEND STEPHEN ,J. LUECKE~ MAYOR <br />DEPARTMENT OF PUBLIC WORKS <br />GARY A. GILOT~ P.E. <br />DIRECTOR OF PUBLIC WORKS <br />September 5, 2001 <br />Ms. Charlotte Pfeifer <br />President, Common Council <br />of the City of South Bend <br />400 County City Building <br />South Bend, Indiana 46601 <br />Re: Ordinance Authorizing the Issuance of City of South Bend, Indiana Sewage <br />Works Refunding Revenue Bonds of 2001, in an Aggregate Principal Amount <br />Not to Exceed $6,300,000 <br />Dear Ms. Pfeifer: <br />Enclosed is a copy of a proposed Ordinance relating to the issuance of Sewage Works <br />Refunding Revenue Bonds of the City in an aggregate principal amount not to exceed $6,300,000 <br />(the "2001 Bonds"). As is noted more specifically in the Statement of Purpose and Intent at the <br />beginning of the proposed Ordinance, the purpose of the issuance of the 2001 Bonds is to provide <br />for the current refunding of the City of South Bend, Indiana Sewage Works Refunding Revenue <br />Bonds of 1993 (the "1993 Bonds"). The City has been informed by Crowe Chizek & Company, <br />LLP, its financial advisor, and by Banc One Capital Markets, Inc., the underwriter for the 2001 <br />Bonds, that the proposed current refunding of the 1993 Bonds will provide a savings to the City in <br />the approximate amount of $200,000. <br />The proposed 2001 Bonds will be payable solely from the sewage works revenues collected <br />by the City from users of the City's sewage works. The current rates are sufficient to pay the debt <br />service on the proposed 2001 Bonds - no rate increase is required. <br />ENGINEERING ENVIRONMENTAL SERVICES CENTRAL SERVICES <br />CARL LITTRELL, P.E. JOHN J. DILLON~ PH.D. MATT CHLEBOWSKI <br />219/235-9251 219/277-851 S 219/235-9316 <br />Fax 219/235-9171 Fax 219/277-8980 Fax 219/235-9007 <br />STREETS <br />SAM HENSLEY <br />219/235-9244 <br />FAx 219/235-9272 <br />WATER WORKS <br />JOHN F. STANCATI <br />219/235-9322 <br />FAx 219/235-9728 <br />