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R95-132 AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF INTENT FOR THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS
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R95-132 AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF INTENT FOR THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS
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7/8/2016 2:20:02 PM
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7/8/2016 2:20:01 PM
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Resolution/Ordinance
Res Ord Num
R95-132
Res Ord Title
AUTHORIZING THE EXECUTION AND DELIVERY OF A MEMORANDUM OF INTENT FOR THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS FOR RING CAN CORPORATION
Approved Date
9/5/1995
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AIJG - 1 0 - 93 THU 1 � : < '3 E 'JANS � FROEHL i CH P - 0g <br /> . , ♦ <br /> 6. The MunicipaZity aqrees to hold and conduct the <br /> public hearinq, if not already dvne, required by subsection <br /> (f) of Section 147 of the Code. The BorroWer agrees to <br /> provide such information as the Municipality shall <br /> reasonably request or as otherwise may be required in <br /> connection with such public hearinq and to pay the costs vf <br /> the Municipality actually incurred fn connectton with such <br /> public hearinq. <br /> 7. The Municipality will cooperate with the Borrower <br /> in obtaining an all.ocation of the State cefling under <br /> Section 146 of the Code from the Municipaiity or by <br /> procedures established eithes by the Governor or by the <br /> Genezal Assembly, as may be in ef£ect at or about the time <br /> of applicaCion thereof. The Municipality makes no <br /> representation or warranty that any amount under such State <br /> ceiling under Section 246 of the Code is or will be <br /> available to the Borrower at the time that the revenue bonds <br /> otherwiae are or might be available for issuance, sale and <br /> delivery, the Borrower assuminq all such ri�k9 in connectien <br /> tYserewi th. <br /> 8. This Memorandum of Intent may be executed in <br /> separate counterparts, all of which shall be deemed a single <br /> instrument and shall be bindinq upon the Munfcipality, the <br /> Borrower and their respective assiqns. <br /> IN WI�SS �i£REOE, the Municipality and the Borrower <br /> have caused this M�morandum of Intent to be executed and <br /> delivered aII as of t11e date first above written. <br /> CITY OS DE , ILLINOIS <br /> Ma <br /> (SEAL) <br /> Attest: <br /> $y <br /> City erk <br /> RING CAN �CORPORATION, <br /> R TENNiS55EE CORPORATION <br /> g ���J�/I�L�IG� <br /> Y <br /> Its President-Treasurer, CFO <br /> -4- <br />
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