HomeMy WebLinkAbout1992-05-22 Resolution 53RESOLUTION NO. 53
• RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY
APPROVING AN OFFICIAL STATEMENT RELATING TO THE
ISSUANCE OF THE SOUTH BEND REDEVELOPMENT AUTHORITY
LEASE RENTAL REVENIIE BONDS (PARKING GARAGE
REFUNDING) AND AUTHORIZING DISTRIBUTION OF INFORMATION
WHEREAS, the South Bend Redevelopment Authority (the
"Authority") at a meeting on April 30, 1992, adopted Resolution
No. 52 (the "Bond Resolution") authorizing the issuance and sale
of bonds to be known as the "South Bend Redevelopment Authority
Lease Rental Revenue Bonds (Parking Garage Refunding)" (the
"Bonds") pursuant to IC 36-7-14.5 et sec.., in an aggregate
principal sum not to exceed Four Million Six Hundred Ninety-Five
Thousand Dollars ($4,695,000), the proceeds of which are to be used
to refund the South Bend Redevelopment Authority Lease Rental
Revenue Bonds (Parking Facility Project) issued in 1988 to finance
the construction of a parking garage facility known as the St.
Joseph/Wayne Parking Facility and to pay the costs of issuance of
the Bonds; and
WHEREAS, an Official Statement dated May 22, 1992, (the
"Official Statement") relating to the issuance of the Bonds has
been prepared by Evensen Dodge, Inc., as financial advisors to the
Authority, and presented to the Authority; and
WHEREAS, the Authority desires to publish notice of
intent to sell bonds as provided for in the Bond Resolution;
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND
REDEVELOPMENT AUTHORITY AS FOLLOWS:
1. The Official Statement is hereby approved in the
form presented to the Authority at this meeting, and the Official
Statement in the form presented at this meeting is hereby deemed
final for purposes of the provisions of Rule 15c2-12 of the
Securities and Exchange Commission. Evensen Dodge, Inc. is hereby
authorized and directed to cause to be distributed such statement
substantially in the form presented to this meeting, with such
changes which are approved by the Authority's legal counsel as
Evensen Dodge, Inc., might recommend to describe adequately the
Bonds and information related thereto, to all parties who in their
judgment may be interested in bidding on such Bonds; and the
Authority shall place a copy of such Official Statement as
presented to this meeting with the minutes of this meeting.
2. The Secretary of the Authority is authorized and
directed to publish notice of intent to sell bonds as provided for
. in the Bond Resolution in the Tri-County News, the South Bend
Tribune, and The Indianapolis Commercial on May 22 and May 29,
1992.
• 3. This Resolution shall be in full force and effect
from and upon compliance with the procedures required by law.
ADOPTED at a meeting of the Authority held on May 22,
1992, in the offices of the Authority, 1200 County-City Building,
227 West Jefferson Boulevard, South Bend, Indiana 46601.
CITY OF SOUTH BEND
REDEVELOPMENT AUTHORITY
By;
Jose Wrob ewski, President
ATST
C?-1-o--"-~~-
_.
Donald Fewell, Secretary-Treasurer
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