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Economic Development Revenue Bonds SDT Partnership
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Economic Development Revenue Bonds SDT Partnership
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Last modified
4/30/2013 1:32:24 PM
Creation date
4/30/2013 8:33:26 AM
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Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
4/25/1983
Ord-Res Number
7186-83
Bill Number
31-83
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ORDINANCE N0. 7186 -83 <br />AN ORDINANCE AUTHORIZING THE CITY OF SOUTH BEND TO ISSUE <br />ITS ECONOMIC DEVELOPMENT REVENUE BONDS, SERIES 1983 <br />(SDT PARTNERSHIP - 1983 PROJECT) AND APPROVING OTHER <br />ACTIONS IN RESPECT THERETO. <br />STATEMENT OF PURPOSE AND INTENT <br />The South Bend Economic Development Commission has rendered <br />its Project Report for the SDT Partnership - 1983 Project <br />regarding the financing of proposed economic development <br />facilities for SDT Partnership - 1983 and the Area Plan <br />Commission of St. Joseph County, Indiana has commented <br />favorably thereon. <br />The South Bend Economic Development Commission conducted <br />a public hearing on April 25, 1983, and also adopted a <br />Resolution on April 25, 1983, which Resolution has been <br />transmitted hereto, finding that the financing of certain <br />economic development facilities of SDT Partnership - 1983 <br />complies with the purposes and provisions of I.C. 36 -7 -12 <br />and that such financing will be of benefit to the health and <br />welfare of the City of South Bend and its citizens, and which <br />Resolution includes special findings of fact as to the <br />competitive effect of the proposed facilities. <br />The South Bend Economic Development Commission has <br />heretofore approved and recommended the adoption of this form <br />of Ordinance by this Common Council and has approved the <br />substantially final forms of and has transmitted for approval <br />by the Common Council the Loan and Security Agreement, Note, <br />Trust Indenture, Equipment Lease, Collateral Assignment of <br />Equipment Lease and Rentals, Lessee's Consent and Agreement <br />to Equipment Lease Assignment, Official Statement and Bond <br />Purchase Agreement. <br />NOW, THEREFORE, BE IT ORADINED BY THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND, INDIANA, THAT: <br />Section 1. It is hereby found that the financing of the <br />economic development facilities referred to in the Loan and <br />
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