HomeMy WebLinkAboutResolution No 54-2017 - Intent to Reimburse ExpendituresRESOLUTION NO. 54- 2017
A RESOLUTION OF THE BOARD OF PUBLIC WORKS OF THE CITY OF SOUTH
BEND, INDIANA, DECLARING AN OFFICIAL INTENT TO REIMBURSE
EXPENDITURES WHICH MAY BE INCURRED WITH RESPECT TO CERTAIN
PROJECTS, AND ALL MATTERS RELATED THERETO
WHEREAS, the City of South Bend, Indiana (the "City"), is considering proceeding
with the (i) replacement of current Fire Station 9 with a newly constructed station at the corner of
Mishawaka Avenue and 21 st Street in the City which new station would be approximately
10,000 square feet and would house Engine 9, Medic 9, and Boat 2 and accommodate up to 7
assigned firefighters per day and (ii) construction of an additional classroom building on the
grounds of the Luther J Taylor Sr. Fire Training Center which proposed building would be an
approximately 3,000 square foot building and would house a rugged, divisible classroom with
capacity for 100 personnel and additional training props and storage areas (collectively, the
"Project"); and
WHEREAS, the City reasonably expects to reimburse expenditures for the Project with
proceeds of bonds issued by or on behalf of the City (the "Bonds"), in an estimated not to exceed
aggregate principal amount of $5,610,000, to be issued by the City for the purpose of financing
the Project; and
WHEREAS, the Board of Public Works of the City (the "Board") desires to establish its
intent on behalf of the City, pursuant to Treas. Reg. §1.150-2 and IC 5-1-14-6(c), that costs of
the Project which may be incurred by or on behalf of the City prior to the issuance of the Bonds
may be reimbursed from the proceeds of the Bonds;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS
OF THE CITY OF SOUTH BEND, INDIANA AS FOLLOWS:
1. The Board hereby declares the intent of the City to reimburse expenditures for the
Project which may be incurred prior to the issuance of the Bonds with proceeds of the Bonds
when and if issued.
2. This resolution shall be in full force and effect from and after its passage.
[Signatures follow on next page.]
Adopted at a meeting of the Board of Public Works of the City of South Bend, Indiana,
on this 22nd day of November, 2017.
BOARD OF PUBLIC WORKS OF THE
CITY OF SOUTH BEND, INDIANA
Gary A. Gilot, President
Suzanna ritzb , Mem er
James A. Mueller, Member
,QjJ-1111"
Elizabeth A. Maradik, Member
Therese J. Do au, ember
ATTEST:
C
da M. Martin, Jerk
DMS 110796970