Authorizing South Bend Economic Development Revenue Note - South Bend Medical Foundation Inc Project

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TRANSMITTAL OF ADOPTED COMMISSION RESOLUTION AND PROPOSED ORDINANCE FOR ADOPTION BY THE SOUTH BEND COMMON COUNCIL AND APPROVAL BY THE MAYOR PERTAINING TO THE FINANCING OF FACILITIES FOR SOUTH BEND MEDICAL FOUNDATION, INC., AN INDIANA CORPORATION, BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS TO: Irene K. Gammon City Clerk City of South Bend County -City Building South Bend, Indiana 46601 The South Bend Economic Development Commission (Commission) hereby transmits to you in accordance with the Public Law No. 182 of the Acts of the General Assembly of Indiana for 1973, as such may be amended from time to time, including but not limited to IC 18- 6 -4.5 -1 through IC 18- 6- 4.5 -30, hereinafter referred to as the "Act ": 1. A resolution adopted by the Commission on January 9, 1981, as called for by the Act; 2. Proposed ordinance for adoption by the Common Council of the City of South Bend, Indiana, as called for by the Act. You will note from a perusal of the body of these documents that the purpose thereof is to finance the expansion of the existing clinical laboratory facility of the company at 531 North Main Street, South Bend, Indiana, by the construction of a building addition containing approximately 33,372 square feet, pursuant to the terms of a Note Purchase and Loan Agreement, Mortgage and Trust Indenture, and the issuance by the City of South Bend, Indiana of Industrial Development Bonds in a total amount of Two Million One Hundred Fifty Thousand ($2,150,000.00) Dollars repayable with interest in accord- ance with the terms of the documents. With respect to the ordinance, you are respectfully asked to publish once in a newspaper in South Bend, Indiana, a notice that such proposed ordinance has been filed with you and present such ordinance to the Common Council of South Bend, Indiana, for passage not earlier than ten days from the date of the publication of such notice. Submitted this 9th day of January, 1981. SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION BY BY BY