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Authorizing Economic Development Revenue Bonds - Universal Companies Inc Project
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Authorizing Economic Development Revenue Bonds - Universal Companies Inc Project
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5/10/2013 4:04:08 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/1981
Ord-Res Number
6900-81
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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 THE UNIVERSAL COMPANIES, INC., A MICHIGAN <br />CORPORATION, BY THE ISSUANCE BY THE CITY OF SOUTH BEND, <br />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 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 February 20, <br />1981, as called for by the Act; <br />2. Proposed ordinance for adoption by the Common Council of <br />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 purchase of equipment <br />and the construction of a manufacturing building to be located at <br />50415 Herbert Street, Granger, Indiana 46530, pursuant to the <br />terms of a Note Purchase and Loan Aareement, Mortgage and Trust <br />Indenture, and the issuance by the City of South Bend, Indiana of <br />Industrial Development Bonds in a total amount of Three Hundred <br />Thousand ($300,000.00) Dollars repayable with interest in accord- <br />ance with the terms of the documents. <br />With respect to the ordinance, you are respectfully asked to <br />publishonce in a newspaper in South Bend, Indiana, a notice that <br />such proposed ordinance has been filed with you and present such <br />ordinance to the Common Council of South Bend, Indiana for passage <br />not earlier than ten days from the date of the publication of <br />such notice. <br />Submitted this 4th day of March, 1981. <br />FILED IN CLERK'S OFFICE <br />MAR 4 10 1 <br />Irene Gammon <br />CITY CLERK,SOUTH BEND,IND. <br />BEND ECONOMIC DEVELOPMENT COMMISSION <br />11-MR <br />
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