Supporting the development of the Industrial Park Area of South Bend, and authorizing and approving the borrowing of a sum not to exceed $100,000 pursuant to the Industrial Development Fund Act

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RESOLUTION NO. 3 G a RESOLUTION IN SUPPORT OF THE DEVELOPMENT OF THE INDUSTRIAL PARK AREA OF SOUTH BEND, IN- DIANA, AND AUTHORIZING AND APPROVING THE BORROWING OF A SUM NOT TO EXCEED $100,000.00 PURSUANT TO THE INDUSTRIAL DEVELOPMENT FUND ACT AS REPORTED IN BURNS INDIANA STATUTES ANNOTATED, SECTION 53-606 TO 53-616, INCLUS- IVE. WHEREAS, The Common Council of the City of South Bend, Indiana, is aware of the need to promote and develop the Indus- trial Park in the vicinity of the St. Joseph County Airport at South Bend, Indiana; and WHEREAS, The Common Council realizes the need for addi- tional funds with which to develop said Industrial Park for the encouragement of industrial development in this area; and WHEREAS, The Common Council is aware of the Industrial Fund Act permitting loans to municipalities for the purpose of developing such industrial sites; NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, That we wish to make of record our strong support of the development of said Industrial Park and also our approval of a loan to said City of South Bend from the Industrial Development Fund of the State of Indiana pursuant to the statute reported at Section 53-606 to 53-616, inclusive, in Burns Indiana Statutes Annotated. We respectfully request the Mayor of the City of South Bend, to take the appropriate steps to secure said funds for the development of the Industrial Park area. M er of the Common Counci