Approving the form & terms of lease Industrial Development Revenue Bonds Louis Baker & Eleanor Baker

Home Browse Search

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 LOUIS BAKER AND ELEANOR BAKER 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 South Bend, Indiana 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 -2 through IC 18- 6- 4.5 -28, hereinafter referred to as the "Act "; 1. A resolution adopted by the Commission as of August 4, 1978, 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 the purpose thereof is to finance the acquisition of land and erect improvements thereon for LOUIS BAKER AND ELEANOR BAKER, by the execution of a Lease, Trust Indenture and Mortgage and the issuance of Industrial Development Revenue Bonds in a total amount not to exceed $330,000.00 repayable over a period not to exceed Fifteen (15) years duration. 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 (10) days from the date of the publication of such notice. Submitted this day of August, 1978. FILED IN CLERK'S OFFICE AUG 9 1978 Irene Gammon. M CLERK, SOUTH BEND, iiw. SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION