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1400 CouNrr-CITY Buu.Daac <br />227 W. JEFFERSON BOULEVARD <br />SOUTH BEND, INDIANA 46601-1830 <br />PHONE 574! 235-9241 <br />Fax 574/235-9892 <br />TDD 574/235-5567 <br />CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR <br />DEPARTMENT OF LAW <br />CHARLES S. LEONE ALP DEAN M. DEROSE <br />CITYATTORNEY CHIEF ASSISTANT CITYATTORNEY <br />November 24, 2008 <br />Mr. Timothy Rouse <br />President, South Bend Common Council ~ ~ ~~`l ~,, ~G ~ ~ ,~ } ~ C> , Q p <br />4~' Floor, County-City Building S i~. ~ ,V Q t~ 0 <br />South Bend, IN 46601 <br />Re: Bill 82-08 Substitute Version: Issuance of New Temporary Loan Tax Anticipation Time Warrants <br />Dear Mr. Rouse: <br />Attached for Common Council consideration is a Substitute Bill No. 82-08 which authorizes the <br />issuance of new temporary loan tax anticipation time warrants due to the delay in receiving 2008 property tax <br />revenues. <br />This substitute version of Bill 82-08 contains two changes. It extends the maturity date of the new tax <br />anticipation time warrants from March 1, 2009 to April 2, 2009. It also increases the ceiling for warrants in the <br />Hall of Fame Fund from $1,200,000 to $1,581,000. <br />Again, Controller Catherine Fanello will present this substitute version of Bill 82-08 to the Common <br />Council. <br />Si rely, ~j~ <br />~~~~~~~' <br />Aladean M. DeRose <br />Chief Assistant City Attorney <br />AMD/cw <br />cc: Catherine Fanello <br />NOV 2 5 2008 <br />~~~~ v~a~?oe <br />CITY CI,I:rK, l°0. F;EFlD, IN. <br />THOMAS L. BODNAR CHERYL A. GREENE ANN-CAROL NASH <br />JEFFREY M. JANKOWSKI LAWRENCE J. METEIVER JEFFREY L. SANFORD JOHN E. BRODEN <br />