HomeMy WebLinkAboutNo. 0928 approving an official statement relating to the issuance of the COSB redevelopment district bonds of 1990 and authorizing the distribution thereofRESOLUTION NO. 928
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
APPROVING AN OFFICIAL STATEMENT RELATING TO THE
ISSUANCE OF THE CITY OF SOUTH BEND REDEVELOPMENT DISTRICT
BONDS OF 1990 AND AUTHORIZING THE DISTRIBUTION THEREOF
WHEREAS, the South Bend Redevelopment Commission (the
"Commission ") at a meeting on April 6, 1990, adopted Resolution
No. (the "Final Bond Resolution ") authorizing the issuance
and sale of bonds to be known as the "City of South Bend
Redevelopment District Bonds of 1990" (the "Bonds ") pursuant to
IC 36 -7 -14, as amended, in the aggregate principal sum of Four
Million Nine Hundred Thousand Dollars ($4,900,000), the proceeds
of which are to be used to finance property acquisition and
redevelopment in the Studebaker Corridor Development Area and to
pay the costs of issuance of the Bonds; and
WHEREAS, an Official Statement dated April 20, 1990,
including the Official Bid Form contained therein (the "Official
Statement ") relating to the issuance of the Bonds has been prepared
IL by Springsted Incorporated, as financial advisors to the
Commission, and presented to the Commission;
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT COMMISSION AS FOLLOWS:
1. The Official Statement is hereby approved in the
form presented to the Commission at this meeting, including the
Official Bid Form contained therein, and the Official Statement in
the form presented at this meeting is hereby deemed final for
purposes of the provisions of Rule 15c2 -12 of the Securities and
Exchange Commission. Springsted Incorporated is hereby authorized
and directed to cause to be distributed such statement to all
parties who in their judgment may be interested in bidding on such
bond issue; and the Commission shall place a copy of such Official
Statement as presented to this meeting with the minutes of this
meeting.
2. This Resolution shall be in full force and effect
after its adoption by the Commission.
ADOPTED at a meeting of the South Bend Redevelopment
Commission held on April 20, 1990, at the office of the Commission,
1200 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUTH BEND REDEVELOPMENT COMMISSION
By:
Jay Nimt , President
ATTEST:
6A00. R4LA. NIL
Roman J. Piase ki, Secretary
-2-