Laserfiche WebLink
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND: <br />Your Committee of the Whole, to whom was referred: <br />BILL NO. <br />36-09 A BILL OF THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, CONCERNING THE <br />CONSTRUCTION OF IMPROVEMENTS TO THE <br />MUNICIPAL WATERWORKS OF THE CITY OF SOUTH <br />BEND, INDIANA; AUTHORIZING THE ISSUANCE OF <br />REVENUE BONDS FOR SUCH PURPOSE IN THE <br />PRINCIPAL AMOUNT NOT TO EXCEED SIX MILLION <br />TWO HUNDRED THOUSAND ($6,200,000); ADDRESSING <br />OTHER MATTERS CONNECTED THEREWITH, <br />INCLUDING THE ISSUANCE OF NOTES IN <br />ANTICIPATION OF BONDS; AND REPEALING <br />ORDINANCES INCONSISTENT HEREWITH <br />Respectfully report that they have examined the matter and that in their opinion, <br />this bill is being recommended to the full Council with a favorable <br />recommendation as substituted by modifications that reflect changes requested <br />by the SRF program and primarily involve the establishment of a separate debt <br />service reserve for bonds sold to the SRF. <br />Ann Puzzello <br />Chairperson, Committee of the Whole <br />