Hearing on proposed form of lease of Water Works Facilities

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RESOLUTION NO. RESOLUTION OF THE COMMON COUNCIL ORDERING HEARING ON PROPOSED FORM OF LEASE OF WATER WORKS FACILITIES. WHEREAS, negotiations have been conducted over an extended period of time between the Mayor and other members and employees of the Executive Department of the City of South Bend and Clay Utilities, Inc., culminating in a form of Lease for waterworks facilities and a form of Lease for sewage disposal facilities from CLAY UTILITIES, INC. and CLAY DEVELOPMENT CORP. to the City of South Bend; BE IT RESOLVED, that the terms and conditions of the proposed form of lease are approved and agreed to as the basis for a hearing, as required by law, and that such hearing should be held before this Common Council upon the necessity for the execution of such lease and whether the lease rental provided for therein is a fair and reasonable rental for the waterworks facilities, prior to the final determination of such question, so that this Common Council may determine whether to execute such lease as now written, or as modified, said hearing to be had at the regular meeting of this Council to be held on the day of 1977 at the hour of o'clock P.M. (E.S.T. ). BE IT FURTHER RESOLVED, that the City Clerk cause a notice to be prepared in due legal form of the aforesaid hearing and published forthwith; that a copy of the proposed lease be placed on public file in the office of the City Clerk starting tomorrow and remain available to the public until the time of the hearing. Approved bythe Common Council of the City of South Bend on the day of , 1977• By ember f the Common Council I signed only to provide an opportunit-' -' i- ' -,Llic di3cussion and Council action op the issue. FILED 1,'; CLEF ,S OFFICE '- P 7 1977 Irene Garnrnon ftD• Ihp� PRESENTED Q-- i 2 _7 2 NOT APPROVED ADOPTED Ct - 1 a - -) 7 CA•o o ,. � -�S