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Industrial development revenue bonds Niles Avenue Partnership Project
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Industrial development revenue bonds Niles Avenue Partnership Project
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Last modified
5/20/2013 9:27:03 AM
Creation date
5/20/2013 8:37:26 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/10/1980
Ord-Res Number
6857-80
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Council of the City of South Bend hereby finds that the proposed financing <br />for the issuance of the economic development revenue bonds would be of benefit <br />to the health and welfare of the City of South Bend, and that it complies with <br />the purposes and provisions of I.C. 1846.4.5, as amended and supplanted. <br />Section 6. The Mayor and the Clerk of the City of South Bend, <br />Ind iana,'hereby authorized separately and collectively, to execute and file on <br />behalf of the City of South Bend, Indiana, the statement required pursuant to <br />Section 103(b)(6)(D) of the Internal Revenue Code, as amended, and regulations <br />issued pursuant thereto, with the Director of the Regional Service Center of the <br />Internal Revenue Service where-said N[LES AVENUE PARTNERSHIP, an Indiana Limited <br />Partnership, files federal income tax returns prior to issuance of any such <br />Industrial Development Revenue Bonds, in order to elect to have the provisions <br />of said Section 103(b)(6)(D) of the Internal Revenue Code, as amended, be <br />applicable to this issue of Industri -al Development Revenue Bonds. <br />Section 7. This Ordinance shall be in full force and effect from <br />and after its passage by the Common Council and approval by the Mayor. <br />R �) ANl' OVED <br />PASSED // - 16, <br />U� <br />Members of the South Bend Common Council <br />-3- <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />
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