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Authorizing $350,000 Economic Development Revenue Bonds Medical Arts Corp
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Authorizing $350,000 Economic Development Revenue Bonds Medical Arts Corp
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5/9/2013 9:44:23 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/23/1982
Ord-Res Number
7086-82
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TRANSMITTAL OF ADOPTED COMMISSION RESOLUTION AND PROPOSED <br />ORDINANCE FOR ADOPTION BY THE SOUTH BEND COMMON COUNCIL <br />AND APPROVAL BY THE MAYOR PERTAINING TO THE FINANCING OF <br />FACILITIES FOR MEDICAL ARTS CORPORATION OF SOUTH BEND, AN <br />INDIANA CORPORATION, BY THE ISSUANCE BY THE CITY OF SOUTH <br />BEND, INDIANA, OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS <br />TO: Irene K. Gammon <br />City Clerk <br />City of South Bend <br />County -City Building <br />South Bend, Indiana 46601 <br />The South Bend Economic Development Commission (Commission) <br />hereby transmits to you in accordance with the Public Law No. 182 <br />of the Acts of the General Assembly of Indiana for 1973, as such <br />may be amended from time to time, including but not limited to <br />I.C. 18- 6 -4.5 -1 through I.C. 18- 6- 4.5 -30, hereinafter referred <br />to as the "Act ": <br />1. A resolution adopted by the Commission on April 2, 1982, <br />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 expansion of existing <br />space and to construct an addition thereto at the present <br />facility, the South Bend Clinic, 211 North Eddy Street, South <br />Bend, Indiana, pursuant to the terms of a Loan Agreement, <br />Indenture of Trust, Security Agreement, Note, Mortgage, and the <br />issuance by the City of South Bend, Indiana, of Industrial <br />Development Bonds in a total amount of Three Hundred and Fifty <br />Thousand ($350,000.00) Dollars, repayable with interest in <br />accordance with the terms of the documents. <br />Submitted this 21st day of April, 1982. <br />WALTER A. MUCHA, Secretary <br />SOUTH BEND ECONOMIC DEVELOPMENT COlM4ISSION <br />FILED IN MOPS PS OFFNCE <br />APR 2 11982 <br />Irene Gammon <br />CRY CLERK, SOU1N BEND, IND. <br />
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