1992-06-23 Resolution 57 - Laserfiche WebLink

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RESOLUTION NO. 57 RESOLUTION OF THE SOUTH BEND REDEVELOPMENT AUTHORITY APPROVING THE AWARD OF THE SOUTH BEND REDEVELOPMENT AUTHORITY LEASE RENTAL REVENUE BONDS (PARKING FACILITY REFUNDING) AND APPROVING A FORM OF ESCROW AGREEMENT 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 Facility Refunding)" (the "Bonds") pursuant to IC 36-7-14.5 et sea., in an aggregate principal amount 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 outstanding South Bend Redevelopment Authority Lease Rental Revenue Bonds (Parking Facility Project) (the "1988 Bonds") issued in 1988 to finance the construction of a parking facility located at the Northwest corner of Saint Joseph Street and Wayne Street in South Bend, Indiana, and to pay the costs of issuance of the Bonds; and WHEREAS, the Refunding Bond Resolution authorized the Secretary of the Authority (the "Secretary") to publish a notice of intent to sell bonds which notice was published on May 22, 1992, and May 29, 1992, pursuant to IC 5-1-11 (the "Notice"); and WHEREAS, the Notice provided that the Authority reserved the right to increase or decrease the individual principal amount of the Bonds maturing in the years 1993 through 2008 by an amount • not to exceed $25,000 and decrease the principal amount of the