HomeMy WebLinkAboutApprove the bonding consultant phase of the Civic Center Project RESOLUTION
No. 402-73
Passed by the Common Council of the City of South Bend, Indiana,
DECEMBER 17, 19 73
Attest: � City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
DECEMBER 18, 19 73
/'�- City Clerk
Approved and signed b & / t 19 ��.
PP 9 Y me
Mayor
RESOLUTION NO.
A RESOLUTION TO APPROVE THE BONDING
CONSULTANT PHASE OF THE CIVIC CENTER
PROJECT.
WHEREAS, Ordinance No. 5503-73 , passed April 9 ,
1973, appropriated $500, 000. 00 for various Civic Center
expenses and established a budget line item of $273, 000. 00
for Architect' s Fees, Design and Special Reports; and
WHEREAS, the South Bend Civic Center Authority
has been created by the Common Council of the City of South
Bend, Indiana, and that the Authority has proceeded with
preliminary architectural and design plans in connection
with the proposed building and has explored general means
of financing but that the type or types of financing vehicles
and respective amounts thereof have not been established; and
WHEREAS, the independent municipal finance
consultants, Paul D. Speer and Associates, with experience
in the development of financing plans and the resulting
marketing of municipal bonds in excess of $1. 75 Billion, has
been recommended by the Authority to the City to develop a
plan which will result in the marketing of the necessary bonds
to complete the proposed project,
NOW, THEREFORE, BE IT RESOLVED by the Common
Council of the City of South Bend, Indiana:
SECTION I . That the proposed Contract pertaining
to the Financial Development Phase approved by the Civic
Center Authority on December 7, 1973, is hereby approved.
SECTION II . This Resolution shall be in full
force and effect from and after its adoption by the Common
Council and approval by the Mayor.
Member of the ommon Counci
FILED IN CLERK'S OFFICE
PRESENTED DEC 1 11973
NOT APPROVED Irene Gammon
ADOPTED e2 - ,? _ .3 CITY CLERK, SOUTH BEND, 1N%