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Authorizing Economic Development Revenue Bonds - Ireland/Ironwood Associates Project
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Authorizing Economic Development Revenue Bonds - Ireland/Ironwood Associates Project
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6/4/2013 4:09:22 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/27/1979
Ord-Res Number
6623-79
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BILL NUMBER <br />ORDINANCE NUMBER LC& 23 -? q <br />AN ORDINANCE AUTHORIZING THE EXECUTION OF <br />A LEASE AND TRUST INDENTURE AND BONDS, AND <br />APPROVING THE FORM AND TERMS OF THE LEASE <br />AND TRUST INDENTURE, BOND AND LEASE AND <br />AUTHORIZING ISSUANCE OF ECONOMIC DEVELOPMENT <br />REVENUE BONDS AND APPROVING RESOLUTION NO. <br />23 -79 OF THE SOUTH BEND ECONOMIC DEVELOPMENT <br />COMMISSION RELATING TO THE IRELAND /IRONWOOD <br />ASSOCIATES PROJECT <br />STATEMENT OF PURPOSE OF INTENT: <br />The City of South Bend, Indiana, is a municipal corpor- <br />ation and political subdivision of the State of Indiana and by <br />virtue of I.C. 18 -6 -4.5 as amended is authorized and impowered <br />to adopt this Ordinance and to carry out its provisions; and <br />Ireland /Ironwood Associates is an Indiana Partnership <br />duly organized and existing under and by virtue of the laws of <br />Indiana and duly qualified to conduct business in the State of <br />Indiana; and <br />The Common Council of the City of South Bend, Indiana, <br />heretofore has created the South Bend Economic Development Commis- <br />sion pursuant to the provisions of the Municipal Economic Develop- <br />ment Act of 1965, as amended, and supplemented by I.C. 18- 6 -4.5; <br />and <br />The South Bend Economic Development Commission has found <br />by a written resolution that because of insufficient employment <br />opportunities, insufficient tax base and insufficient diversifi- <br />cation of economic development facilities in the City of South <br />Bend, the economic welfare of the City of South Bend, Indiana, <br />would be benefited by the acquisition and leasing of certain econ- <br />omic development facilities pursuant to a request made on July 9, <br />1979, by Ireland /Ironwood Associates, an Indiana Partnership, and <br />has further found by Resolution that the proposed financing com- <br />plies with the purposes and provisions of I.C. 18- 6 -4.5, as <br />amended; and <br />
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