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ORDINANCE NO. . <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF <br />AND TRUST INDENTURE, AND INDUSTRIAL DEVELOPMENTASE <br />REVENUE BONDS, AND AUTHORIZING <br />AND APPROVING RESOLUTION NO. THE EXECUTION THEREOF <br />BEND ECONOMIC DEVELOPMENT 14 -80 OF THE SOUTH <br />THE BERTRAND PRODUCTS, INC. RELATING TO <br />. PROJECT <br />STATEMENT OF PURPOSE OF <br />INTENT: <br />The Common Council of the Cit <br />heretofore y of South Bend, Indiana <br />has created the South Bend Economic Development <br />sion, hereinafter referred to as COmmis- <br />"Commission", pursuant to the <br />provisions of the Public Law <br />No. 182 of the Acts of the General <br />Assembly of Indiana for 1973 <br />as such may be amended from time to <br />time, including but not limited to IC 18- 6 -4.5 -1 through IC <br />18- 6- 4.5 -30, hereinafter referred to as the "Act"; <br />BERTRAND PRODUCTS � and <br />INC., an Indiana corporation <br />filed an application with th has <br />e Commission to finance the construction <br />Of a building and improvements on real estate and <br />equipment, located at 2323 Foundation Drive South purchase of new <br />which will constitute economic development facilities Indiana, <br />a substantial number of new jobs acilities resulting in <br />as well as other benefits, and in <br />connection therewith the Commission has prepared and <br />Placed on file <br />a report containing the subject matter as specified in IC 18- 6- 4.5 -16 <br />and has forwarded copies thereof to the Chairman of <br />Commission of St. the Area Plan <br />Joseph County, Indiana <br />Of the South Bend , and to the Superintendent <br />Community School Corporation, being the area in <br />which the proposed facilities will <br />be located, and has timely re- <br />ceived favorable reports from each of them, and the Commission held <br />a Public hearing on the proposed financing of <br />ment facilities in accordance with the Act such economic develop - <br />notice as after giving the required <br />provided in the Act <br />and adopted a resolution finding <br />that such proposed financing complies with the purposes and pro- <br />visions of all applicable Indiana statutes ove <br />Of Industrial Develo g rna.ng the issuance - <br />pment Revenue Bonds, including but not limited <br />to the Act, and approved the form and terms of the Lease and Trust <br />Indenture and bonds, and further approved this form orm of Ordinance <br />g the execution thereof, and that such economic development <br />