Finding and adjudging the financing of facilities for J. and S. Realty

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RESOLUTION NO. A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING OF FACILITIES FOR J. AND S . REALTY, A PARTNERSHIP 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 Municipal Economic Development Act of 1965, as amended, supplemented or added to , including but not limited to the amendments , supplements or additions of IC-1973, 18-6-4. 5 , or any other amendments , supplements or additions thereto, hereinafter referred to as the "Act" ; and WHEREAS , J. and S. Realty 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 prepared and placed on file a report containing the subject matter as specified in Section 16 of IC-1973, 18-6 7-4. 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 proposed financing of such facilities on w / , 1973, after giving the required notice as provide for in Section 17 of IC-1973, 18-6-4. 5 ; and FILED IN CLERK'S OFFICE E t 2 41973 PRESENTED q- NOT APPROVED Irene Gammon CITY CLERK, SOUTH BEND, IND, ADOPTED C?- /D-,?3