HomeMy WebLinkAboutNo. 0224 further amending a resolution authorizing issuance of certain project temporary loan notes in connection with urban renewal project No. IND R-29 and providing for security for pmt. thereof and other purposesRESOLUTION NO. 224
RESOLUTION TO FURTHER AMEND A RESOLUTION AUTHORIZING
THE ISSUANCE OF CERTAIN PROJECT TEMEORARY LOAN NOTES -
IN CONNECTION WITH URBAN RENE6JAL PROTECT NO. nQD. R -29
AND PROVIDING FOR THE SECURITY FOR THE PAS
THEREOF,AND FOR OTHER PURPOSES.
WHEREA the
United States of America (herein called the "Government ") and
the Department of Redevelo ment
(herein cal ed the Local Public Agency"), have entered into-7-certain Loan and
Capital Gra t Contract, dated September 6.-1962 , and identified as`
"Contract
No. Ind. -29 (LG) (said Contract as hertofore amended being herein called
the Exists g Contract "); and
WHEREAS,, a Resolution entitled "Resolution Authorizing the Issuance of
Certain Prkect emporary Loan Notes in Connection with Urban Renewal Project
No. Ind. and Providing for the Security for the Payment Thereof, and
for other s ", was duly adopted by the South Bend. Redevelopment
Commis of the th Bend De rtment of
Bede at on said
Resolution as heretofore amended being herein called the Basic Note Resolution ");
and
WHF..REA , it is necessary that the Basic Note Resolution be amended so that
the provisions thereof will be responsive to and consistent with the provisions
of the Existing Contract as amended by . Third Amendatory Contract amending
Loan and Capital Grant Contract No. —IL' __,
i
NOW, THEREFORE, BE IT RESOLVED by the --South Bend Redevelopment Commission
of the _City of South Bend� rtme— n� t
Redeye o -meat as follows:
further
Section 1. That the Basic Note Resolution bV amended as follows:
(a) B3 deleting from Section 1 thereof the amount One Million Four Hundred,
Thirty Thee Thousand., Six Hundred Forty Seven Dollars 1 .°
and inserts g in lieu thereof the amount One Million Six Hundred Forty Four
Thousand, 0 Le 11undred Fifty Eight - - - -- Dollars 1,644,156.00 J.
Sectior. 2. That this Resolution shall take effect immediately.
Adopted at he regular meeting of the Redevelopment Commission'at the office
of the Comm ssion, 120 West LaSalle Avenue, Suite 1001, South Bend, Indiana,
on July 3, 968. .