HomeMy WebLinkAbout1992-06-26 Resolution 58RESOLUTION NO. 58
RESOLIITION OF THE SOIITH BEND REDEVELOPMENT AUTHORITY
ESTABLIS$ING ITS INTENT TO ISSIIE REDEVELOPMENT AUTHORITY
LEASE RENTAL REVENUE BONDS AND THAT CERTAIN PRELIMINARY
REDEVELOPMENT COSTS BE REIMBURSED FROM THE PROCEEDS OF SAID BONDS
WHEREAS, the South Bend Redevelopment Authority (the
"Authority") intends to issue its South Bend Redevelopment
Authority Lease Rental Revenue Bonds (the "Bonds"} to finance the
construction of a golf course (the "Project"); and
WHEREAS, certain preliminary costs in financing the
construction of the Project, have been or will be incurred by or
on behalf of the Authority and the South Bend Redevelopment
Commission (the "Commission") prior to the issuance and delivery
• of the Bonds; and
WHEREAS, the Authority desires to establish its intent,
pursuant to IC 5-1-14-6(b), that said preliminary costs be
reimbursed from the proceeds of the Bonds;
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Authority as follows:
1. The Authority hereby establishes its intent to issue
its Bonds pursuant to IC 36-7-14.5 for the purpose of financing the
construction of the Project.
2. The Authority hereby establishes its intent,
pursuant to IC 5-1-14-6(b), that preliminary costs incurred by or
on behalf of the Authority and the Commission in financing the
Construction of the Project be reimbursed from the proceeds of the
Bonds.
3. This resolution shall be in full force and effect
from and after its adoption by the Authority..
ADOPTED at a meeting of the South Bend Redevelopment
Authority held on June 26, 1992, at 1200 County City Building, 227
W. Jefferson, South Bend, Indiana.
SOUTH BEND REDEVELOPMENT AUTHORITY
By: /~!'ose~h Wroblewski, Pres
AT ST: ~
Donald Fewell, Secretary
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