My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Industrial Development Revenue Bonds - Anchor Properties II
sbend
>
Public
>
Common Council
>
Legislation
>
Ordinances
>
1979
>
Industrial Development Revenue Bonds - Anchor Properties II
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/6/2013 9:12:55 AM
Creation date
6/6/2013 9:03:09 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/22/1979
Ord-Res Number
6544-79
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
ORDINANCE NO . S(L� � ` -? � <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF LOAN AGREEMENT, <br />TRUST INDENTURE, NOTE, MORTGAGE AND INDUSTRIAL DEVELOPMENT <br />REVENUE BONDS AND AUTHORIZING THE EXECUTION THEREOF PERTAINING <br />TO ANCHOR PROPERTIES, II, AN INDIANA PARTNERSHIP <br />STATEMENT OF PURPOSE OF INTENT: <br />The Common Council of the City of South Bend, Indiana, <br />heretofore has created the South Bend Development Commission, <br />hereinafter referred to as "Commission," pursuant to the provi- <br />sions of the Public Law No. 182 of the Acts of the General <br />Assembly of Indiana for 1973, as such may be amended from time <br />to time, including but not limited to IC 18- 6- 4.5 -2, through <br />IC 18- 6- 4.5 -28, hereinafter referred to as the "Act "; and <br />ANCHOR PROPERTIES, II, an Indiana Partnership, has <br />filed an application with the Commission to finance the construction <br />of improvements on real estate located in the City of South Bend, <br />Indiana for a commercial building (facilities) which will constitute <br />economic development facilities resulting in a substantial number <br />of new jobs as well as other benefits; and <br />in connection therewith the Commission has prepared <br />and placed on file a report containing the subject matter as <br />specified in Section 16 of IC 18 -6 -4.5 and has forwarded copies <br />thereof to the Chairman of the Area Plan Commission and to the <br />Superintendent of the School Corporation in the area of which <br />the facilities will be located, and has timely received favorable <br />reports from each of them; and <br />the Commission held a public hearing on the proposed <br />financing of such facilities on January 5, 1979, after giving <br />the required notice as provided for in Section 17 of IC 18 -6 -4.5 <br />and did find that the proposed financing complies with the purposes <br />and provisions of the applicable Indiana statutes governing the <br />issuance of Industrial Development Revenue Bonds by the Commission <br />and the Commission finds that the proposed facility will not have <br />an adverse competitive effect on similar facilities already <br />constructed and operating in the City of South Bend, Indiana; and <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council <br />of the City of South Bend, Indiana, that: <br />Section 1. The form and terms of the Loan Agreement, <br />Trust Indenture, Note, Mortgage and Industrial Development Revenue <br />Bonds pertaining to ANCHOR PROPERTIES, II, an Indiana Partnership, <br />facilities and the issuance of the Industrial Development Revenue <br />Bond pursuant thereto are hereby approved and adopted. <br />Section 2. Said forms of Loan Agreement, Trust Indenture, <br />Note and Mortgage together with Industrial Development Revenue <br />Bonds which are on file with the Commission are hereby incorporated <br />by reference into this Ordinance, and said forms shall be inserted <br />into the minutes of the Common Council of the City of South Bend, <br />Indiana. <br />Section 3. The Loan Agreement, Trust Indenture and <br />Mortgage shall be executed on behalf of the City of South Bend, <br />Indiana by the Mayor and City Clerk and sealed with the corporate <br />seal of such City. <br />0140 10 CLERX S OFFICE <br />JAN 3 ?973 <br />Irene Gammon <br />CITY ClEgy, SOUTH SEND, IND. <br />
The URL can be used to link to this page
Your browser does not support the video tag.