HomeMy WebLinkAboutNo. 0158 authorizing acceptance of bid(s) for purchase of $568,000 preliminary loan notes of the COSB Department of RedevelopmentRESOLUTION NUMBER 158
RESOLUTION AUTHORIZING THE ACCEPTANCE OF A BID OR BIDS
FOR THE PURCHASE OF $568,000 PRELIMINARY LOAN NOTES OF
THE CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT
WHEREA , the City of South Bend, Department of Redevelopment is selling
$S68,0)0 in preliminary loan notes for the financing of an Urban
RenewaL Project in the City of South Bend, Indiana, designated as
Chapin Street Project, Indiana R -29, to be secured by an agreement
betweei the City of South Bend, Department of Redevelopment and the
United States of America, and
WHEREAS, the notes will be sold on the 17th day of January at Z o'clock
Eastern Standard Time.
NOW, £REFORE, BE IT RESOLVED by the Board of Commissioners of the
Depar ent of Redevelopment of the City of South Bend, as follows:
The Executive Director or Assistant Director or Acting
Finance Officer be and is hereby authorized to accept
the low bid or bids for said preliminary loan notes with
acceptance to be by telegram and confirmed by letter.
this 3rd day of January, 1967.