Indianapolis Local Public Improvement Bond Bank
CUSIP 45528UQD6
- Issue Currency: United States of America Dollars
- Announcement Date: 16-Oct-2014
- News: Indianapolis Local Public Improvement Bond Bank has issued USD 935MM 3% fixed rate bond due 01-Jul-2021. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 20-Jan-2017
- News: Indianapolis Local Public Improvement Bond Bank has issued USD 50MM index linked bond.
- Issue Currency: United States of America Dollars
- Announcement Date: 20-Jan-2017
- News: This LOAN AND SECURITY AGREEMENT, dated December 22, 2015 (the ""Loan Agreement""), is entered into by and between THE INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK (herein called the ""Bond Bank"") and FIFTH THIRD BANK (herein called the ""Bank""). RECITALS 1. The Bond Bank is a body corporate and politic, separate from the City of Indianapolis, Indiana (the ""City""), organized under the provisions of Indiana Code 5-1.4, as amended (the ""Act""), for the purpose of buying securities of qualified entities (as defined in the Act). 2. The City-County Council of the City of Indianapolis and of Marion County, Indiana (the ""City-County Council""), adopted a general resolution under Indiana Code 5-1.4-8-6, as amended, authorizing the City of Indianapolis, Indiana (the ""City"" or the ""Qualified Entity"") to borrow a sufficient amount of money, in an aggregate principal amount not to exceed Twelve Million Dollars ($12,000,000) from The Indianapolis Local Public Improvement Bond Bank (the ""Bond Bank"") and to issue a general revenue note of the City, in accordance with Indiana Code 5- 1.4-8-6, as amended, to be designated as the City of Indianapolis, Indiana, Taxable General Revenue Note, Series 2015 (Justice Center Project), in the aggregate principal amount not to exceed Twelve Million Dollars ($12,000,000) (the ""Qualified Obligations""), for the purpose of (a) financing certain costs associated with the planning of a potential new criminal justice center in the City, (b) paying all or a portion of the interest on the Qualified Obligations, as it comes due, and (c) paying all or any portion of the costs and expenses incurred on account of, and in connection with, the issuance of the Qualified Obligations. 3. The Bond Bank desires to issue a limited recourse note to provide funds sufficient to purchase the Qualified Obligations when issued by the City and pay for all of the costs associated therewith, including, but not limited to, all or any portion of the interest on the limited recourse note, and the Bank is willing to loan to the Bond Bank an amount equal to Twelve Million Dollars ($12,000,000) for such purpose. NOW, THEREFORE, in consideration of the foregoing premises and the mutual agreements of the parties herein contained, the parties agree as follows: Section 1. CERTAIN DEFINITIONS AND INTERPRETATION. (a) Certain Definitions. The terms used in this Loan Agreement shall have the meanings herein specified, unless the context otherwise requires. ""Act"" means Indiana Code 5-1.4, as amended. ""Bank"" means Fifth Third Bank, an Ohio banking corporation, with a corporate office in Indianapolis, Indiana. ""Board"" means the Board of Directors of the Bond Bank.
