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RESOLUTION NO. fr8l9 16) <br />INDUCEMENT RESOLUTION OF <br />SOUTH BEND COMMON COUNCIL <br />RELATING TO H.T.W. PARTNERSHIP PROJECT <br />WHEREAS, The South Bend Economic Development Commission <br />heretofore has investigated, studied, surveyed and reported to <br />the Mayor and the Common Council of the City of South Bend, <br />Indiana, that a need exists in the community for additional job <br />opportunities and commercial diversification within the City of <br />South Bend, Indiana; and in order to improve and promote job <br />opportunities and commercial diversification within the City of <br />South Bend, Indiana, a financing agreement should be effected <br />with H.T.W. Partnership, an Indiana Partnership, relating to a <br />project to be known as the H.T.W. Partnership Project; and <br />WHEREAS, H.T.W. Partnership is an existing Indiana <br />Partnership who is presently leasing a building and related <br />facilities in the Airport Industrial Park, South Bend, Indiana to <br />Nyloncraft, Inc., an Indiana Corporation, for the purpose of <br />manufacturing molded plastics and plastic injection products and <br />Nyloncraft, Inc. as the principal user of said facility desires <br />to expand its operation and to employ a substantial number of <br />additional employees in said Airport Industrial Park; and <br />WHEREAS, to induce H.T.W. Partnership to expand its <br />present facilities in the South Bend Airport Industrial Park, the <br />South Bend Common Council desires to adopt this resolution; and <br />WHEREAS, it is apparent that the H.T.W. Partnership <br />Project will increase job opportunities and commercial diversi- <br />fication in South Bend, Indiana, resulting in a benefit to the <br />welfare of the public in the City of South Bend, Indiana, and St. <br />Joseph County, Indiana. <br />NOW, THEREFORE, BE IT RESOLVED, that the South Bend <br />Common Council approve the application of H.T.W. Partnership <br />relating to the expansion of such Economic Development Facilities <br />under an arrangement whereby the costs of such expansion would be <br />paid from the proceeds of Industrial Development Bonds to be <br />