Approving the proposed phase IV of the Airport Industrial Park

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RESOLUTION NO. V F J4 - 7 S-- RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROVING THE PROPOSED PHASE IV OF THE AIRPORT INDUSTRIAL PARK WHEREAS, the City of South Bend has cooperated with the local Economic Development Administration committee of the Chamber of Commerce in the development of the Airport Industrial Park; and WHEREAS, the Economic Development Committee of South Bend has undertaken studies of the needs in the present Industrial Park; and WHEREAS, said Committee has made recommendations for expansion which the Council believes have merit;and WHEREAS, the success of any such project requires total committment by the City of South Bend, its citizens and the Common Council, NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana: SECTION I. That the development of the Airport Industrial Park Phase IV is looked upon with favor by the Common Council of the City of South Bend and is recommended to the entire community as worthy of its support to provide a facility which would enhance the economic potential of the community, provide additional jobs in our labor market, and complement the commercial and academic growth of the South Bend Metropolitan area. SECTION II. That the City of South Bend, Indiana through its Common Council will appropriate $400,000.00 as its portion of Phase IV of the Airport Industrial Park when funding becomes necessary. SECTION III. This Resolution shall be in full force and effect immediately upon its passage by the Common Council of the City of South Bend, Indiana. PRESENTED NOT APPROVED AI)OPTED � -a -) -.7 s S - 2 .) - 7 s FILED IN CLERK'S OFFICE M AY 2 1 1975 gene Gammon 61TV CLERK, AWN BEND, iND.