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HomeMy WebLinkAbout3A1 Exhibit C Regarding Insurance Compliance (Police and Fire Stations)bank Global Corporate Trust Services 60 Livingston Avenue, EP-MN-WS3C St. Paul, MN 55107 usbank.com March 1, 2019 Ms. Jennifer Hockenhull, Controller City of South Bend, Indiana 1400 County -City Building 227 West Jefferson Blvd. South Bend, IN 46601 Re: City of South Bend Building Corporation First Mortgage Revenue Refunding Bonds, Series 2012 (Police and Fire Stations Project) Dear Ms. Hockenhull: This letter is being sent in advance of the due date of the following item(s) to assist you in providing us with the required documentation in a timely manner. Item Document Reference Due Date Exhibit C Regarding Insurance Compliance Mortgage and Trust Agreement 03/31/2019 6.02 If the requested item(s) has been sent, you may disregard this letter. If possible, please send your item(s) to us electronically in an unalterable portable document format (pdf). We appreciate your attention to this matter. Please contact me at the telephone number or email address below to discuss any questions or concerns you may have regarding the content of this letter. You may also contact your Relationship Manager, T. Scott Fesler, at 317-264-2501. Sincerely, 6"-z I— Diane Carlson Trust Review Analyst Telephone: 651-466-6288 Facsimile: 651-466-7427 Email: diane.carlson@usbank.com Account Number: 200396000 Tickler Number(s): 1157524 ACC>R"� CERTIFICATE OF PROPERTY INSURANCE DATE (MMIDDIYYYY) 06/22/2018 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. PRODUCER CONFACT AME Stephen hen Swihart N Gibson Insurance Agency, Inc. PHHONnE E (800) 814-2122 AX LAJC No (800) 836-2122 JAIg 130 S Main St, Ste 400 TYPE OF INSURANCE -MAIL ADORES$: sswihart@gibsonins.com PO Box 11177 COVERED PROPERTY ,ToCUr PR o MER 100003140 A South Bend IN 46601-0177 07/01/2018 INSURER(S) AFFORDING COVERAGE INSURED BUILDING PERSONAL PROPERTY BUSINESS INCOME EXTRAEXPENSE RENTAL VALUE BLANKET BUILDING BLANKET PERS PROP BLANKET BLDG & PP Per occurrence INSURER A: Lexington Ins Co g 1. City of South Bend and Any Subsidiary i INSURER B: 227 W Jefferson Blvd INSURER C $ Dept of Admin & Finance S INSURER D: $ 25,000,000 South Bend IN 46601 INSURER E: INLAND MARINE CAUSES OF LOSS NAMED PERILS COVERAGES CERTIFICATE NUMBER: 18/19 Prop REVISION NUMBER: LOCATION OF PREMISES I DESCRIPTION OF PROPERTY (Attach ACORD 101, Additional Remarks Schedule, If more space is required) Loc# 00001: Dept of Admin. & Finance 1200 N County -City Building South Bend IN 46601 See Attached Overflow Pages 1 M16 IS 1 U L;LK I WY I HAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACTOR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAYBE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED RY PAID cl AIMS 19437 INSR LTR TYPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE DATE (MMIDDNYYY) POLICY EXPIRATION DATE (MMIDDIYYYY) COVERED PROPERTY LIMITS A PROPERTY CAUSES OF LOSS DEDUCTIBLES 017471589/05 07/01/2018 07/0112019 x BUILDING PERSONAL PROPERTY BUSINESS INCOME EXTRAEXPENSE RENTAL VALUE BLANKET BUILDING BLANKET PERS PROP BLANKET BLDG & PP Per occurrence BASIC BUILDING BROAD CONTENTS SPECIAL i 5 EARTHQUAKE WIND $ FLOOD S X Equipment 50,000 $ 25,000,000 3 INLAND MARINE CAUSES OF LOSS NAMED PERILS TYPE OF POLICY $ S POLICY NUMBER S S CRIME TYPE OF POLICY 5 $ BOILER & MACHINERY I EQUIPMENT BREAKDOWN l f $ S ' WMAAL CONDITIONS I OTHER COVERAGES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) Total Insured Limit: $550,000,000. Listing of carriers for Excess Limits above $25,000,000 available upon request This confirms the City of South Bend Building Corporation, re: First Mortgage Revenue Refunding Bonds, Series 2012 (Police and Fire Stations Bond), has adequate coverage as required by Section 6.02 of the Trust Indenture. CERTIFICATE HOLDER CANCELLATION US Bank - Global Corporate Trust Services Diane Carlson, Trust 60 Livingston Avenue EP-MN-WS3C St. Paul MN 55107 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE ©1995-2015 ACORD CORPORATION. All rights reserved. ACORD 24 (2016103) The ACORD name and logo are registered marks of ACORD OFFICER'S CERTIFICATE Reference is made to the Mortgage and Trust Indenture dated as of May 1, 2001 (the "Governing Document"), between the City of South Bend Building Corporation, a not-for-profit corporation organized and existing under the laws of the State of Indiana, as amended, and Wells Fargo Bank, N.A., as trustee (the "Trustee"). The undersigned officer hereby certifies to the Trustee that: i. I have read all relevant sections of the Governing Documents relating to insurance and the definitions relating thereto; ii. I have made such examination or investigation as is necessary or appropriate in order to make the statements contained herein; iii. I have made such examination or investigation as is necessary to enable me to express an informed opinion as to whether or not the terms, conditions and covenants in the Governing Documents with respect to insurance matters have been complied with; and iv. Based on examination and review of the Governing Documents all of the terms, conditions and covenants set forth in the Governing Documents as they relate to Insurance matters have been satisfied and are in full force and effect. IN WITNESS WHEREOF, the undersigned has executed this Officer's Certificate This 14th day of March 2019 CITY OF SOUTH BEND BUILDING CORPORATION Name: Daniel T. R arkufl Title: President, City of South Bend Building Corporation