HomeMy WebLinkAboutResolution 2021-18 (Bond resolution amendment)RESOLUTION NO.2021-18
A RESOLUTION OF THE CITY OF CARMEL REDEVELOPMENT
COMMISSION AMENDING RESOLUTION NO.2021-1
WHEREAS, within the City of Carmel, Indiana, a governmental unit and political
subdivision of the State (the "Unit"), there is created the City of Carmel Redevelopment District
(the "District"), governed by the City of Carmel Redevelopment Commission (the "Commission");
and
WHEREAS, on January 20, 2021, the Commission adopted Resolution No. 2021-1 (the
"Resolution") authorizing the issuance of certain bonds of the District (the "Bonds") to fund
various redevelopment projects in the District; and
WHEREAS, the Commission has determined that it is necessary to modify the debt service
payment dates to January 15 and/or July 15 (rather than January 1 and/or July 1) and,
correspondingly, the Record Date (as defined in the Resolution) to the first day of the month in
which interest is payable (rather than the fifteenth day of the month preceding the month in which
interest is payable).
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF CARMEL
REDEVELOPMENT COMMISSION, GOVERNING BODY OF THE CITY OF CARMEL
REDEVELOPMENT DISTRICT, AS FOLLOWS:
Section 1. Section 3 a,). The Commission hereby amends Section 3(a) as follows: the
principal and interest payment dates, and any mandatory sinking fund redemption dates, for the
Bonds shall be January 15 and/or July 15.
Section 2. Section 3(c). The Commission hereby amends the first sentence of Section
3(c) of the Resolution to read, "All payments of interest on the 2021 Bonds shall be paid by check
mailed one business day prior to the interest payment date to the registered owners thereof as of
the first (Is') day of the month in which interest is payable (the "Record Date") at the addresses as
they appear on the registration and transfer books of the Commission kept for that purpose by the
Registrar (the "Registration Record") or at such other address as is provided to the Paying Agent
(as defined in Section 5 hereof) in writing by such registered owner."
Section 3. Other References. Except for the final maturity of July 1, 2035 provided
for in Section 3(a), the Commission hereby deems all references in the Resolution to January 1
and July 1 to be January 15 and July 15, respectively.
Section 4. Section 6 - Form of Bonds. The Commission hereby amends the form of
the Bonds set forth in Section 6 as follows: the reference to "[December/June] 15," shall be revised
to read "[January/July] 1,".
Section 5. Effective Date. This resolution shall be in full force and effect from and
after its passage by the Commission as required by law. Except as amended herein, the Resolution
is hereby ratified and confirmed for all purposes and shall remain in full force and effect.
Passed and adopted this 9th day of September, 2021.
Member
DMS 20886961 Q