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RESOLUTION NO. y,2 /- 41 <br /> A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING <br /> OF FACILITIES FOR INDUSTRIAL PACKAGING CORPORATION <br /> BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, <br /> OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS PERTAINING <br /> TO SUCH FACILITIES FOR SUCH ENTITY WILL BE OF BENEFIT <br /> TO THE HEALTH OF WELFARE OF THIS MUNICIPALITY, AND <br /> APPROVING THE FINANCING THEREFOR <br /> WHEREAS, the Common Council of the City of South Bend, <br /> Indiana, heretofore has created the South Bend Development Commission <br /> hereinafter referred to as "Commission" , pursuant to the provisions <br /> of the Public Law No. 182 of the Acts of the General Assembly of <br /> Indiana for 1973, as such may be amended from time to time, including <br /> but not limited to IC 18-6-4 . 5-2 through IC 18-6-4 . 5-28 , hereinafter <br /> referred to as the "Act" ; and <br /> WHEREAS, Industrial Packaging Corporation has filed an <br /> application with the Commission to finance the construction of an <br /> industrial and commercial building (facilities) which will constitute <br /> economic development facilities resulting in a substantial number <br /> of new jobs as well as other benefits ; and <br /> WHEREAS, in connection therewith the Commission has pre- <br /> pared and placed on file a report containing the subject matter <br /> as 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 <br /> to the Superintendent of the School Corporation in the area of <br /> which the facilities will be located, and has timely received <br /> favorable reports from each of them; and <br /> WHEREAS, the Commission held a public hearing on the pro- <br /> posed financing of such facilities on May 3rd, 1974 , after giving <br /> the required notice as provided for in Section 17 of IC-1973 , <br /> 18-6-4 . 5; and <br /> WHEREAS, the Commission at such meeting by a duly adopted <br /> written resolution, incorporated herein by reference, found that <br /> the proposed financing complies with the purposes and provisions <br /> of the Act, and approved such financing, including, but not <br />