HomeMy WebLinkAboutNo. 0223 authorizing acceptance of a bid(s) for purchase of $1,375,000 preliminary loan notes of the COSB Dept. of Redevelopment, LaSalle Park Project IND R-57RESOLUTION NO. 223
RESOLUTION AUTHORIZING THE ACCEPTANCE OF A BID OR
BIDS FOR THE PURCHASE OF $1,375,000 PRELIMINARY LOAN
NOTES OF THE CITY OF SOUTH BEND, DEPARTMENT OF
REDEVELOPMENT, LASALLE PARK PROJECT, IND. R -57
WHEREAS, the City of South Bend, Department of Redevelopment is
selling $1,375,000 in preliminary loan notes for the financing of
an Urban Renewal Project in the City of South Bend, Indiana,
designated as LaSalle Park Project, Indiana R -57, to be secured by
an agreement between the City of South Bend, Department of
Redevelopment and the United States; and
WHEREAS, the notes will be advertised on June 25, 1968; and
WHEREAS, the notes will be sold on the 9th day of July, 1968
at 1 'clock Eastern Daylight Savings Time.
NOW,
the
fol1
Adopt
THEREFORE, BE IT RESOLVED by the Board of Commissioners of
apartment of Redevelopment of the City of South Bend, as
vs :
The Executive Director or Assistant Director
or Finance Officer be and is hereby authorized
to accept the low bid or bids for said pre-
liminary loan notes with acceptance to be by
telegram and confirmed by letter.
ad this 20th day of June, 1968.