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Authorizing Issuance and sale of aggregate principal amount not to exceed $1,495,000, adjustable rate Econ Dev Rev Bonds
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Authorizing Issuance and sale of aggregate principal amount not to exceed $1,495,000, adjustable rate Econ Dev Rev Bonds
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Last modified
5/15/2009 10:44:42 AM
Creation date
4/28/2009 1:04:25 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/14/2009
Ord-Res Number
9031-99
Bill Number
67-99
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COMMITTEE REPORT <br />TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: <br />Your Committee of the Whole, to whom was referred: <br />BILL NO. <br />67-99 A BILL AUTHORIZING THE ISSUANCE AND SALE OF AN <br />AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED ONE <br />MILLION FOUR HUNDRED NINETY-FIVE THOUSAND DOLLARS <br />($1,495,000) OF CITY OF SOUTH BEND, INDIANA <br />ADJUSTABLE RATE ECONOMIC DEVELOPMENT <br />REVENUE BONDS, SERIES 1999 (DYNAMIC R.E.H.C., INC. <br />PROJECT); DESIGNATING THE BONDS AS LIMITED <br />OBLIGATIONS OF THE CITY; APPROVING THE FORM OF, AND <br />AUTHORIZING THE EXECUTION AND DELIVERY OF, THE <br />TRUST INDENTURE, LOAN AGREEMENT AND OTHER DOCUMENTS <br />RELATED TO THE ISSUANCE AND SALE OF THE BONDS; AND <br />AUTHORIZING PROPER OFFICERS TO DO ALL OTHER THINGS <br />DEEMED NECESSARY OR ADVISABLE IN CONNECTION <br />THEREWITH AND APPROVING AND AUTHORIZING OTHER <br />ACTIONS IN RESPECT THERETO <br />Respectfully report that they have examined the matter and that in their opinion, this bill <br />is being recommended to the full Council with a favorable recommendation as substituted. <br />Charlotte Pfeifer <br />Chairman <br />
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