Approving Industrial Development Revenue Acra Acres

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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 ACRA ACRES BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF I INDUSTRIAL DEVELOPMENT REVENUE BON ED IN CLERK'S OFFICE TO: Irene K. Gammon City Clerk JUL 19 1978 City of South Bend County -City Building Ilene Gammon South Bend, Indiana 46601 u CITY CLERK, SOUTH BEND, IND. 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 June 30, 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 ACRA ACRES, by the execution of a Lease and Trust Indenture and the issuance of Industrial Development Revenue Bonds in a total amount not to exceed ($275,000.00) 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 M day of 1978 SOUTH BEND ECONOMIC DEVELOPMENT COMMISS,ION �1110