Inducement Resolution of South Bend Common Council relating to Masterbilt, Incorporated Machinery Aquisition Project

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page two Incorporated pursuant to which such acquisition and installation of the machinery would be acquired with Economic Development facilities by virtue of Economic Development nonds to be issued by the City of South fiend, Indiana in an amount of Ninety Thousand Dollars ($90,000.00). WHEREAS, to induce Masterbilt, Incorporated to become the principal user of such economic development facilities, the South Bend Economic Development Commission desires to adopt this resolution; and WHEREAS, it is contemplated from the application relating to such 14asterbilt, Incorporated Project submitted to the South Bend Economic Development Commission dated March 28, 1980, and from other investigation and information received by the South Bend Economic Development Commission that such economic development facilities will increase job opportunities and diversification in St. Joseph County, Indiana, resulting in a benefit to the welfare of the City of South Bend, Indiana and St. Joseph County, Indiana. NOW, THEREFORE, HE IT RESOLVED, that the South Fend Economic Development Commission approve the application of Masterbilt, Incorporated relating to the acquisition and installation of additional machinery and equipment at its place of operation in South Bend, Indiana, wherein Industrial Revenue Bonds would be issued, by the City of South Bend, Indiana, concerning such Masterbilt, Incorporated Project for an amount not exceeding Ninety Thousand Dollars ($90,000.00). IT IS FURTHER RESOLVED, that to induce the continuation of the operation of such economic development facilities in the City of South Bend, Indiana, the South Pena Economic Development Commission shall proceed to cooperate with and take such action as may be necessary in the drafting of documents or performance of such other acts as will facilitate