1988-07-08 Resolution 9 - Laserfiche WebLink

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RESOLUTION NO. 9 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY APPROVING AN OFFICIAL STATEMENT RELATING TO THE ISSUANCE OF THE SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE BONDS (PARKING FACILITY PROJECTS AND AUTHORIZING DISTRIBUTION OF INFORMATION. WHEREAS,- the South Bend Redevelopment Authority (the "Authority") at a meeting on June 17, 1988, adopted Resolution No. 6 authorizing the issuance and sale of bonds to be known as the "South Bend Rede- velopment Authority Taxable Lease Rental Revenue .Bonds (Parking Facility Project)" (the "Bonds") pursuant to IC 36-7-14.5 et se ., in the aggregate principal sum of Four Million Five Hundred Seventy-Five Thousand Dollars ($4,575,000), the proceeds of which are to be used to finance the construction of a parking garage facility to be known as the "St. Joseph/Wayne Parking Facility", and the acquisition of the site thereof, and to pay the cost of issuance of the Bonds; and WHEREAS, an official .statement relating to the issuance of the Bonds has been prepared by Springsted Incorporated, as financial advi- sors to the Authority, and presented to the Authority; • NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT .AUTHORITY AS FOLLOWS: 1. The official statement relating to the issuance of the Bonds is hereby approved in the form presented to the Authority at this meeting, including the Official Bid Form and Non-Collusion Affidavit, prepared by Springsted Incorporated and contained therein; Springsted Incorporated is hereby authorized and directed to cause to be distri- buted such statement, substantially in the form presented to this meeting., with such changes as are approved by the Authority's legal counsel as Springsted Incorporated might recommend to describe ade- quately such bond issue and information related thereto, to all par- ties who in their judgment may be interested in bidding on such bond issue and to the successful bidder for the Bonds; and the Authority shall place a copy of such statement as presented to this meeting with the minutes of this meeting. 2. 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 July 8, 1988, in . -1-