Laserfiche WebLink
RESOLUTION NO. 0200 7- %3 <br />RESOLUTION OF THE COMMON COUNCIL OF THE CITY <br />OF SOUTH BEND REGARDING USE OF SURPLUS BOND <br />PROCEEDS FROM SEWAGE WORKS REVENUE BONDS OF 1989 <br />WHEREAS, this Common Council adopted Ordinance No. <br />7951 -88, authorizing the issuance of the City's Sewage Works <br />Revenue Bonds of 1989, the proceeds of which were used to make <br />general improvements to the City's sewer utility; and <br />WHEREAS, the City Controller has made certifications <br />regarding surplus monies derived from bond proceeds and <br />investment earnings on bond proceeds; and <br />WHEREAS, this Common Council deems it advisable to use <br />said surplus and further investment earnings thereon for <br />additional improvements to the City's sewage works as more <br />particularly described on Exhibit A attached hereto. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND, INDIANA, as follows: <br />1. That the determinations set forth in the <br />certifications of the Controller are hereby approved. <br />2. That the Common Council of the City of South Bend <br />hereby approves the use of said surplus and further investment <br />earnings thereon for the purposes as described on Exhibit A <br />attached hereto. <br />This Resolution shall be in full force and effect from <br />and after its passage and approval by the Mayor. <br />PRESENTED . ? 9.3 <br />NOT APPROVED. <br />ADOPTED 3 _ a? -9,9 <br />4r 67-4 <br />Member, So Bend Common Council <br />Fled irg Clerk's Office <br />HAR i <br />