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v <br />ties and deducting therefrom the premium bid, if any, or adding <br />thereto the amount of any dscolznt, if any, with a net interest rate <br />of 9.5682, which bid was accepted; and <br />WHEREAS, the Authority at said meeting ratified and confirmed the <br />award of the Bonds to Bank One as the successful bidder; <br />NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT <br />AUTHORITY, AS FOLLOWS: <br />1. The Authority hereby ratifies and approves the award of the <br />Bonds to Bank One in the amount of $5,685,000.00, at a price equal to <br />$5,631,561.00, such bonds to bear a net interest figure of 9.5682, <br />since said bid was the highest bid submitted in accordance with the <br />bond sale notice published in connection with the sale of the Bonds. <br />2. The officers of the Authority are hereby authorized to deli- <br />ver said .Bonds when executed to First Interstate Bank of Northern <br />• Indiana, N.A., as Trustee, for delivery to the successful bidder. <br />3. This resolution shall be in full force and effect after its <br />adoption by the Authority. <br />ADOPTED at a meeting of the South Bend Redevelopment Authority <br />held on July 29, 1988, at the office of the Authority, 1200 County- <br />City Building, 227 West Jefferson Boulevard, South Bend, Indiana <br />46601, this 29th day of July, 1988. <br />SOUTH BEND REDEVELOPMENT AUTHORITY <br />,~' <br />By . ~~. <br />ATTEST: Thomas Va ga, Jr., President <br />Chris Davey, Secretary <br />• -_- <br />