HomeMy WebLinkAbout2001-05-21 Resolution 146' -~
RESOLUTION NO. ~ ~P
•
RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY
AMENDING RESOLUTION NO. 145 ENTITLED "RESOLUTION OF THE
SOUTH BEND REDEVELOPMENT AUTHORITY AUTHORIZING THE ISSUANCE
OF THE SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL
REVENUE REFUNDING AND IMPROVEMENT BONDS OF 2001 (CENTURY
CENTER PROJECT) AND OTHER RELATED MATTERS"
WHEREAS, the South Bend Redevelopment Authority (the "Authority") has been
created pursuant to IC 36-7-14.5 as a separate body, corporate and politic, and as an instrumentality
of the City of South Bend to finance local public improvements for lease to the South Bend
Redevelopment Commission (the "Commission"); and
WHEREAS, the Authority intends to issue bonds in an aggregate principal amount
not to exceed Seven Million and 00/100 Dollars ($7,000,000.00) pursuant to I.C. 36-7-14.5-19 and
• I.C. 5-1-5 to be known as the "South Bend Redevelopment Authority Lease Rental Revenue
Refunding and Improvement Bonds of 2001 (Century Center Project)" (the "Bonds"), the proceeds
of which, along with certain cash on hand, are to be used to (i) advance refund the South Bend
Redevelopment Authority Lease Rental Revenue Bonds of 1994 (Century Center Project) (the
"Refunded Bonds") issued in 1994 to finance the acquisition of and construction of certain local
public improvements to the Century Center facility located in the City (the "Project") and the costs
of issuance of the Refunded Bonds; (ii) pay the costs of certain improvements to the Project (the
"2001 Project") from proceeds of the Bonds available as a result of the refunding; and (iii) pay the
costs of issuance of the Bonds; and
WHEREAS, the Authority adopted Resolution Number 145 entitled "Resolution of
the South Bend Redevelopment Authority Authorizing the Issuance of the South Bend
•
...
• Redevelopment Authority Lease Rental Revenue Refunding and Improvement Bonds of 2001
(Century Center Project) and Other Related Matters" (the "Bond Resolution"); and
WHEREAS, the Commission now desires to amend the Bond Resolution to change
the optional redemption provisions contained therein;
NOW, THEREFORE, BE IT RESOLVED, by this South Bend Redevelopment
Authority as follows:
Section 1. Section 3 of the Bond Resolution is hereby amended to read as
follows:
The Bonds maturing on or after August 1, 2011, may be redeemed prior to
maturity, at the option of the Authority in whole or in part, in whole multiples
of $5,000, in such order of maturities as the Authority shall direct, and by lot
• within maturities, on February 1, 2011, or any date thereafter from any
moneys made available for such purpose, at a redemption price equal to the
par amount thereof, plus in each case accrued interest to the date fixed for
redemption.
Section 2. The Authority hereby acknowledged that the remaining terms and
provisions of the Bond Resolution remain in full force and effect.
Section 3. This Resolution shall be in full force and effect after its adoption by
the Authority.
n
U
****~
-2-
::ODMA\1VifIODMA\SBIMAN1;94463; I
•
ADOPTED at a meeting of the South Bend Redevelopment Authority held on
May 21, 2001, at 1308 County-City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601.
SOUTH BEND REDEVELOPMENT AUTHORITY
By. ~-~~
President
r~
U
•
ATTEST:
Se e ry
::ODMA~IvIHODMA\SBIMAN1;94463;1
-3-