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Authorizing Economic Development Revenue Bond Harbor Metal Treating of Indiana Inc Project
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Authorizing Economic Development Revenue Bond Harbor Metal Treating of Indiana Inc Project
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Last modified
4/30/2013 2:21:36 PM
Creation date
4/30/2013 2:13:37 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/22/1982
Ord-Res Number
7138-82
Bill Number
132-82
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ORDINANCE NO. 7138 -82 <br />ORDINANCE AUTHORIZING THE CITY OF SOUTH BEND <br />TO ISSUE ITS "ECONOMIC DEVELOPMENT REVENUE BOND <br />(HARBOR METAL TREATING OF INDIANA, INC. PROJECT)" <br />AND APPROVING OTHER ACTIONS IN RESPECT THERETO <br />STATEMENT OF PURPOSE OF INTENT <br />The South Bend Economic Development Commission has rendered <br />its Project Report for the Fortuna Land Company Project <br />regarding the financing of proposed economic development <br />facilities for Harbor Metal Treating of Indiana, Inc., and the <br />South Bend Planning Commission has commented favorably thereon; <br />and <br />The South Bend Economic Development Commission conducted a <br />public hearing on November 19 , 1982, and also adopted a <br />resolution on November 19 , 1982, which Resolution has been <br />transmitted hereto, finding that the financing of certain <br />economic development facilities of Fortuna Land Company <br />complies with the purposes and provisions of I.C. 36 -7 -12 and <br />that such financing will be of benefit to the health and <br />welfare of the City of South Bend and its citizens; and <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 forms <br />of and has transmitted for approval by the Common Council the <br />Equipment Loan and Security Agreement, Note, Bond Purchase <br />Agreement and Guaranty Agreement; now therefore, <br />BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND, INDIANA THAT: <br />Section 1. It is hereby found that the financing of the <br />economic development facilities referred to in the Equipment <br />Loan and Security Agreement approved by the South Bend Economic <br />Development Commission and presented to this Common Council, <br />irenne Gammo o_ UERK, I.V <br />
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