Laserfiche WebLink
1200 COUNTY-C17Y BUILDING <br />SOUTH BEND, INDUwA 46601-1830 <br />JON R. HUNT <br />EXECUTIVE DIRECTOR <br />October 15, 2001 <br />Ms. Charlotte Pfeifer <br />President, South Bend Common Council <br />4th Floor County-City Building <br />South Bend, IN 46601 <br />Re: An Ordinance Appropriating Proceeds Derived From the Issuance of Bonds Pursuant to a <br />$1.3 Million Dollar Loan From the Indiana Environmental Remediation Revolving Loan <br />Program (the "Program") Sponsored by the Indiana Development Finance Authority <br />("IDFA") in Connection with Site Remediation Costs of the Bosch Retention Project <br />Dear Ms. Pfeifer: <br />Attached for filing is an Ordinance for first reading by the Common Council at its <br />October 22, 2001 meeting. This Ordinance appropriates the proceeds of revenue bonds of the <br />City of South Bend in a principal sum of $1,300,000, which bonds were authorized by the <br />Council's prior Ordinance #9192-01. <br />The proceeds of these bonds will be used to pay for the site remediation costs of the <br />Bosch Retention Project for which this loan was specifically obtained. Thus, these loan proceeds <br />will be used in conformity with the restrictions imposed by the IDFA Program. This is further in <br />accordance with the terms of the Agreement for the Use and Rehabilitation of Real Property <br />previously entered into by and between the City and Bosch. <br />Bob Case will present this Ordinance to the Council at its meeting as well as at its prior <br />committee meeting. Meanwhile, if you have any questions about this Ordinance, feel free to <br />contact me. <br />The Council's favorable consideration of this Ordinance is respectfully requested. Thank <br />you. <br />PHONE 219/ 235-9371 <br />FAx 219/235-9021 <br />TDD 219/ 235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />COMMUNITY ~L ECONOMIC DEVELOPMENT <br />b~Jeo 'e.+4 b~ ~7f 1'i ~~Ce~ Ci"~iti~~r,W„ <br />N e <br />i <br />/R, ~y p~ pry. °"'""`~"`u 3 <br />L'.J3'V~LOY~~. Lr~.lSri3 y <br />Sin ely, <br />Donald E. nks, Director <br />Division of Economic Development <br />MUNCI'Y'DEVELOPMENT'°~^°-~--~^-~^-~^~^°_°~^ ECONOMIC DEVELOPMENT FINANCIAL SL PROGRAM <br />PAMELA C. MEYER DONALD E. INKS MANAGEMENT <br />219/235-9660 219/235-9371 ELIZABETH LEONARD <br />FAx: 219/235-9697 219/235-9371 <br />