My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
No. 2435 regarding reimbursement of certain City of South Bend funds advanced for the Eddy Street Commons project
sbend
>
Public
>
Redevelopment Commission
>
Resolutions
>
No. 2435 regarding reimbursement of certain City of South Bend funds advanced for the Eddy Street Commons project
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/27/2009 2:20:41 PM
Creation date
7/27/2009 2:20:41 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
5
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
exceed One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00), it being <br />understood that the total aggregate amount that may be advanced shall not to exceed Six Million <br />Seven Hundred Twenty-Seven Thousand "Three Hundred Ninety-seven and 00/100 Dollars <br />($6,727,397.00). The Commission hereby covenants to make such reimbursements from <br />Available TIF Revenues in accordance with the attached Exhibit A. <br />Section 2. For purposes of this Resolution, Available TIF Revenues shall mean <br />those tax increment finance revenues from the Area and available for use by the Commission, <br />which remain after the required deposits have been made into the Principal and Interest Account <br />to pay the rentals when due under the Lease. It is expected that the tax increment revenues will <br />be sufficient to: (i) pay the debt service on the Bonds; and (ii) to reimburse the City in <br />accordance with the schedule attached as Exhibit A, made in conjunction with the tax increment <br />revenues projection of the financial advisor <br />Section 3. This Resolution shall be in full force and effect after its adoption by <br />the Commission. <br />***** <br />• <br />• <br />BDDB01 5086072x1 - 3 - <br />
The URL can be used to link to this page
Your browser does not support the video tag.