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$1,000,000 Economic Development Revenue Bonds Dayton-Hudson Corp
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$1,000,000 Economic Development Revenue Bonds Dayton-Hudson Corp
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Last modified
5/9/2013 9:20:24 AM
Creation date
5/9/2013 8:34:25 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
10/26/1981
Ord-Res Number
6987-81
Bill Number
111-81
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TRANSMITTAL OF ADOPTED COMMISSION RESOLUTION <br />AND PROPOSED ORDINANCE FOR ADOPTION BY THE <br />SOUTH BEND COMMON COUNCIL AND APPROVAL BY <br />THE MAYOR PERTAINING TO THE FINANCING OF <br />FACILITIES FOR DAYTON - HUDSON CORPORATION BY <br />THE ISSUANCE BY THE CITY OF SOUTH BEND, <br />INDIANA, OF ITS INDUSTRIAL DEVELOPMENT <br />REVENUE BONDS <br />TO: IRENE K. GAMMON <br />City Clerk <br />City of South Bend <br />County -City Building <br />South Bend, IN 46601 <br />The South Bend Economic Development Commission (Commission) <br />hereby transmits to you in accordance with the Public Law No. 182 of <br />the Acts of the General Assembly of Indiana for 1973, as such may be <br />amended from time to time, including but not limited to IC 18- 6 -4.5 -1 <br />through IC 18- 6- 4.5 -30, hereinafter referred to as the "Act ": <br />1. A resolution adopted by the Commission on October 23, <br />1981, as called for by the Act; <br />2. Proposed ordinance for adoption by the Common Council <br />of the City of South Bend, Indiana, as called for by the Act. <br />You will note from a perusal of the body of these documents <br />that the purpose thereof is to finance the remodeling and the upgrading <br />of several commercial stores located in the South Bend, Indiana area, <br />all previously known as Ayr -Way Stores, which are situated within the <br />limits of the City of South Bend, Indiana, and pursuant to the terms <br />of a Trust Indenture, Loan Agreement, and the exhibits attached thereto, <br />and the issuance by the City of South Bend, Indiana, of Industrial <br />Development Bonds in a total amount not to exceed One Million ($1,000,000.00) <br />Dollars, payable with interest thereon in accordance with the terms <br />of such Trust Indenture and Loan Agreement. <br />Submitted this _1k day of , 1981. <br />SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION <br />
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