Finding and edjudgin the financing of facilities for Koontz-Wagner Electric Company, Inc.

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RESOLUTION NO. 14 6 _ -7 q A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING OF FACILITIES FOR KOONTZ- WAGNER ELECTRIC COMPANY, INC. BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS PERTAINING TO SUCH FACILITIES FOR SUCH ENTITY WILL BE OF BENEFIT TO THE HEALTH OR WELFARE OF THIS MUNICIPALITY, AND APPROVING THE FINANCING THEREFOR 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, includ- ing but not limited to IC 18- 6 -4.5 -2 through IC 18- 6- 4.5 -28, herein- after referred to as the "Act "; and WHEREAS, Koontz- Wagner Electric Company, Inc. has filed an application with the Commission to finance the acquisition of real estate and the construction thereon of an industrial and commercial building (facilities) which will constitute economic development facilities resulting in a substantial number of new jobs as well as other benefits; and WHEREAS, in connection therewith the Commission has pre- pared 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 Commission and to the Superintendent of the School Corporation in the area of which the facilities will be located, and has timely received favorable reports from each of them; and WHEREAS, the Commission held a public hearing on the pro- posed financing of such facilities on,, 30 , 1974, after giving the required notice as provided for in Section 17 of IC -1973, 18- 6 -4.5; and