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RESOLUTION NO. `23
<br /> A RESOLUTION OF THE COMMON COUNCIL OF THE CITY
<br /> OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, IN
<br /> THE MATTER OF CURTIS L. CROFOOT, OF SOUTH BEND,
<br /> INDIANA
<br /> WHEREAS, Curtis L. Crofoot, of South Bend, has submitted
<br /> his intention to the Economic Development Commission of South Bend,
<br /> for the acquisition and renovation of the property located at 902-
<br /> 1020 West Sample Street, within the City of South Bend, Indiana.
<br /> WHEREAS, the Economic Development Commission, pursuant
<br /> to the statute, has found by written resolution that there exists
<br /> insufficient employment opportunities and that the economic welfare
<br /> of the City of South Bend, Indiana, would be benefited and the
<br /> purpose of the statute would be accomplished by the acquisition
<br /> and leasing of the above described property to Curtis L. Crofoot,
<br /> of South Bend, Indiana, and
<br /> WHEREAS, Curtis L. Crofoot, of South Bend, has submitted
<br /> a statement of public service to the above Economic Development
<br /> Commission of the City of South Bend and said Commission has
<br /> forwarded this statement of public service with their approval
<br /> and comments to the South Bend School Corporation, a copy of which
<br /> is attached, and
<br /> WHEREAS, the affirmative response and analysis of the
<br /> South Bend School Corporation has been received as presented to
<br /> the Clerk of the City of South Bend, and attached, and
<br /> WHEREAS, the statement of public service by Curtis L.
<br /> Crofoot, of South Bend, and the Economic Development Commission of
<br /> the City of South Bend have been submitted for approval and comments
<br /> to the Area Plan Commission of St. Joseph County and the affirmative
<br /> action and comments of the Area Plan Commission have been received
<br /> by the Clerk of the City of South Bend, as attached, and
<br /> WHEREAS, the requirements of the application as described
<br /> in the "Municipal Economic Development Act of 1965 of the State of
<br /> Indiana" as amended have therefore been met to this point, including
<br /> a projection of the number of jobs created, and the estimated
<br /> pryroll created and the approximation of the cost of the land and
<br /> construction, and the impact on utilities and fire and police
<br /> facilities of the City of South Bend with the approvals of the
<br /> School Corporation and the Area Plan Commission have jurisdiction
<br /> of the area in which the proposed facility is to be built, and
<br /> WHEREAS, now the Curtis L. Crofoot, of South Bend, seeks
<br /> approximately $300 , 000 . 00 from an issue of revenue bonds of the
<br /> Economic Development Commission of the City of South Bend to
<br /> be signed by the Mayor and by its City Clerk and further desires to
<br /> enter into a lease of not more than 15 years duration to be known
<br /> as a net net net lease sufficient to pay the principal and interest
<br /> of these bonds and obtain title at the end of the lease, and
<br /> WHEREAS , by virtue of the net net net lease , the Curtis
<br /> L. Crofoot, of South Bend, indicates his intention to pay all
<br /> expenses of the operation, maintenance, insurance, property taxes,
<br /> whatever of the facility.
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