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COUNTY -IXrY BUILDING <br />SOUTH BEND, INDIANA 46601 -1830 <br />PHONE 574/ 235 -9216 <br />FAX 574/235 -9928 <br />TDD 574/ 235.5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />DEPARTMENT OF ADMINISTRATION AND FINANCE <br />FREDERICK B. OLLETT, III <br />CONTROLLER <br />July 23, 2003 <br />Ms. Karen White <br />President <br />South Bend Common Council <br />4' Floor, County -City Building <br />South Bend, IN 46601 <br />Re: A Resolution Amending the Lease with the City of South Bend Building Corporation for the <br />Construction and Equipping of a New Fire Station and the Renovation and Expansion of a <br />Police Station and Regarding Certain Related Matters <br />Dear Ms. White: <br />Attached for filing is a resolution ratifying the sale of the lease revenue Bonds to fund both the <br />construction and equipping of the new fire station and the renovation and expansion of the police <br />station. The previously approved amount of the Bonds was not to exceed $26,000,000. As <br />determined by the sale of the Bonds, the aggregate principal amount is $21,335,000 at a net interest <br />cost of approximately 4.459 %, which is lower than the interest rate used to calculate the maximum <br />lease rental under the Lease. <br />If you have any questions or comments regarding these ordinances, please feel free to call me. Your <br />favorable consideration is respectfully requested. <br />Sincerely, <br />q' <br />y,� <br />T" a6m / � <br />Frederick B. 011ett, III -- <br />Controller <br />Attachment <br />c: Aladean DeRose <br />Filed in Clerk's Office <br />a .BEND , iN. <br />CATHERINE A. HUBBARD -SHEAD <br />Liz RowE <br />THOMAS SKARBEK <br />SUSAN WALLACE <br />ROBERTALLEN <br />DIRECTOR <br />DIRECTOR <br />DIRECTOR <br />MANAGER <br />DIRECTOR <br />HUMAN RESOURCES <br />CTTYFINANCE <br />BUDGETING & FINANCIAL REPORTING <br />BENEFITS <br />INFORMATIONTECHNOLOGY <br />