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• <br /> <br />COMMISSION AS FOLLOWS: <br />1. The Commission authorizes and directs that all funds on deposit in the Allocation <br />Area No. 3 Fund or when received for said fund be transferred to the Principal and Interest Account. <br />2. The Commission desires to approve the use of the funds in Allocation Area No. 3 <br />Fund and/or the Principal and Interest Account in an amount estimated not to exceed Seven Hundred <br />and Fifty Thousand and 00/100 ($750,000.00) for the debt service payments on the hD h Binodnt is <br />accordance with the Pledge Resolution and Indiana Code § 36-7-14-39(b)(2)(A), <br />not expected to exceed the amount owed on the Bonds and required to be deposited with the Trustee <br />under the Pledge Resolution and the Indenture. <br />3. The Secretary of the Commission is hereby authorized and directed to take all <br />necessary steps to obtain the approval of the expenditures of such funds pursuant to Indiana Code <br />§ 6-1.1-18-5, including the publication in accordance with Indiana Code § 5-3-I of notice of a <br />hearing on the appropriation of such funds to be held at 10:00 a.m. on January 19, 2007, at 1308 <br />County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601. <br />ADOPTED at a Regular Meeting of the South Bend Redevelopment Commission held on <br />January 5, 200 at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, <br />Indiana 46601. <br />SOUTH BEND REDEVELOPMENT <br />COMMISSIO~ji-~,- i <br />ATTES <br />signet <br />Gregory S Downes, Secretary <br />Printed Nnnie and Tiile <br />sign <br />Karl G Kind, Vi e President <br />Printed Nmne and Title <br />• ~ WPDATAIRedeve/o meet CornmissionlResolutionslRes2295 SSDA_3 TlFAppr•op 2007.doe <br />H. I P <br />