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Inducement Resloution Relating to the Cole Associates Inc. Project II
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Inducement Resloution Relating to the Cole Associates Inc. Project II
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10/9/2015 4:07:14 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/24/1986
Ord-Res Number
1403-86
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facilitate the issuance of such Economic Development Revenue <br /> Bonds by the City of South Bend, Indiana, to provide funds to <br /> be used toward the Cole Associates Inc. Project II. <br /> SECTION 3 : Any costs or expenses incurred in connection <br /> with the Cole Associates Inc. Project II shall be included in <br /> the project costs and reimbursed from the proceeds of the <br /> Economic Development Revenue Bonds to be issued with respect <br /> thereto. <br /> SECTION 4 : That the liability and obligation of the <br /> South Bend Common Council and the City of South Bend, Indiana, <br /> shall be limited solely to the good faith efforts to consuuwate <br /> such proceedings and issue such Bonds , and neither the South <br /> Bend Common Council nor the City of South Bend, Indiana, or <br /> its officers or agents , shall incur any liability whatsoever <br /> if for any reason the proposed issuance of such Bonds is not <br /> consummated. <br /> This resolution adopted by the South Bend Common Council <br /> of the City of South Bend, Indiana, this 24th day of <br /> February, 1986 . <br /> SOUTH BEND COMMON COUNCIL <br /> Mem.er o t e r •, on Counci <br /> FLED IN CLERK'S OFFICE <br /> FEB 191986 <br /> PRESENTED - a 4-V10 <br /> IRENE GAMMON <br /> NOT APPROVED CITY CLERK, SO. BE M' <br /> ADOPTED o/ -g 1/41 - gb <br />
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