Finding and adjudging that the financing of facilities for dezkap theatre corporation

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RESOLUTION NO. -{'7 / - 'I S' A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING OF FACILITIES FOR DEZKAP THEATRE CORPORATION, AN INDIANA CORPORATION BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS PERTAINING TO SUCH FACILITIES FOR SUCH ENITY WILL BE OF BENEFIT TO THE HEALTH OR WELFARE OF THIS MUNICIPALITY AND APPROVING THE FINANCING THEREOF. Whereas, the Common Council of the City of South Bend, Indiana, heretofore has created the South Bend Development Commission, hereinafter referred to as "Commission" pursuant to the provisions of the Public Law No. 182, of the Acts of the General Assembly of Indiana, for 1973, as such may be amended from time to time, including but not limited to IC 18- 6- 4.5 -2 through 18- 5- 4.5 -28, hereinafter referred to as the "Act" and; WHEREAS, Dezkap Theatre Corporation has filed an application with the Commission to finance the remodeling and renovating of an existing facility which will constitute economic development facilities resulting in substantaal number of new jo'os as well as other benefits; and WHEREAS, in connection therewith the Commission has prepared and placed on file a report containing the subject matter as specified in Section 16 of IC 1973, 18 -6 -4.5 and has forwarded copies thereof to the Chairman of the Area Plan Commisssion and to the Superintendent of the School Corporation in the area of which the facilitees will be located, and has timely received favorable reports from each of them; and WHEREAS, The Commission held a public hearing on the proposed financing of such facilities on November 29th, 1974 after giving the required notice as provided for in Section 16 of IC 1973, 18- 6 -4.5; and WHEREAS, the Commission at such meeting by a duly adopted written resolution, incorporated herein by reference, found that