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10 <br />/V -/6„ -'> </ <br />A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING <br />OF FACILITIES FOR THERMOPLASTICS, INC. AN INDIANA <br />CORPORATION BY THE ISSUANCE BY THE CITY OF SOUTH BEND, <br />INDIANA, OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS <br />PERTAINING TO SUCH FACILITIES FOR SUCH ENTITY WILL BE <br />OF BENEFIT TO THE HEALTH OR WELFARE OF THIS MUNICIPALITY <br />AND APPROVING THE FINANCING THEREOF <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana, heretofore has created the South Bend Development <br />Commission, hereinafter referred to as "Commission", pursuant <br />to the provisions of the Public Law No. 183 of the Acts of the <br />General Assembly of Indiana, for 1973, as such may be amended <br />from time to time, including but not limited to IC 18-- 6 -4.5 -2 <br />through IC 18 -6- 4.5--28, hereinafter referred to as the "Act" <br />and; <br />WHEREAS, Thermoplastics, Inc. has filed an application <br />with the Commission to finance leased industrial equipment for <br />an industrial and commercial building (facilities) which will <br />constitute economic development facilities resulting in a <br />substantial number of new jobs as well as other benefits; and <br />WHEREAS, in connection therewith the Commission has prepared <br />and placed on file a report containing the subject matter as <br />specified in Section 16 of IC 1973, 18 -6 -4.5 and has forwarded <br />copies thereof to the Chairman of the Area Plan Commission and to <br />the Superintendent of the School Corporation in the area of which <br />the fiacilties will be located, and has timely received favorable <br />reports from each of them; and <br />WHEREAS, the Commission held a public hearing on the <br />proposed financing of such facilities on November 15, 1974 after <br />giving the required notice as provided for in Section 16 of IC <br />1973, 18- 6 -.45; and <br />WHEREAS, the Commission at such meeting by a duly adopted <br />written resolution, incorporated herein by reference, found that <br />PRESENTED <br />NOT APPROVED <br />ADOPTED <br />,a_ / & - -)y <br />FILED IN CLERIC'S OFFICE <br />0 E C 1 11974 <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND, <br />