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Resolution Nos. 3637 & 3638 RIF Bonds (Drewrys Portage Elwood) - Signed
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Resolution Nos. 3637 & 3638 RIF Bonds (Drewrys Portage Elwood) - Signed
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4/24/2025 11:20:47 AM
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Dept of Community Investment
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2 <br />WHEREAS, notice of a public hearing on said appropriation has been duly given by <br />publication as required by Indiana law, and the hearing on said appropriation has been held on the <br />date hereof at which all taxpayers had an opportunity to appear and express their views as to such <br />appropriation. <br />NOW, THEREFORE, BE IT RESOLVED BY THIS SOUTH BEND <br />REDEVELOPMENT COMMISSION AS FOLLOWS: <br />SECTION 1. There is hereby appropriated a sum not to exceed the Authorized Amount <br />out of the proceeds of the Bonds, together with all investment earnings thereon, for purposes of <br />providing funds to pay the costs of the Project, including related costs and the costs of issuing the <br />Bonds, as provided in the Bond Resolution. Such appropriation shall be in addition to all <br />appropriations provided for in the existing budget and shall continue in effect until the completion <br />of the herein described purposes. <br />SECTION 2. The officers of the Commission and the Controller of the City are hereby <br />authorized and directed to make any and all required filings, if any with the Department of Local <br />Government Finance in connection with this resolution. <br />SECTION 3. The President, Vice President, Secretary, or any other officer or member of <br />the Commission is authorized to take all such actions and to execute all such instruments as are <br />desirable to carry out the transactions contemplated by this Resolution, in such forms as such <br />officer or member executing the same shall deem proper, to be conclusively evidenced by the <br />execution thereof. <br />SECTION 4. This Resolution shall be in full force and effect after its adoption by the <br />Commission. <br />[SIGNATURE PAGE FOLLOWS]
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