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Revenue Bonds Pertaining to Gates Realty Inc
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Revenue Bonds Pertaining to Gates Realty Inc
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Last modified
11/15/2013 1:48:29 PM
Creation date
11/4/2013 3:57:12 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/15/1975
Ord-Res Number
5937-75
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THORNBURG. M<GILL. <br />DEAHL.HARMAN, <br />CAREY& MURRAY <br />ORDINANCE NO. 5 991 -7.S <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND <br />TRUST INDENTURE AND ECONOMIC DEVELOPMENT REVENUE BONDS, <br />AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO <br />GATES REALTY, INCORPORATED <br />WHEREAS, the Common Council of the City of South Bend, <br />, heretofore has created the South Bend Economic Development <br />ion, hereinafter referred to as 'Commission ", pursuant to the <br />of the Public Law No. 182 of the Acts of the General <br />sembly of Indiana for 1973, as such may be amended from time to <br />ime, including but not limited to IC 18- 6 -4.5 -2 through IC 18 -6- <br />.5 -28, hereinafter referred to as the "Act "; and <br />WHEREAS, Gates Realty, Incorporated has filed an application <br />with the Commission to finance the acquisition of real estate and the <br />construction thereon of an industrial and commercial building <br />(facilities) which will constitute economic development facilities <br />resulting in a substantial number of new jobs as well as other benefit: <br />WHEREAS, in connection therewith the Commission has <br />prepared and placed on file a report containing the subject matter <br />as specified in Section 16 of IC -1973, 18 -6 -4.5 and has forwarded <br />copies thereof to the Chairman of the Area Plan Commission and to <br />the Superintendent of the School Corporation in the area of which the <br />facilities will be located, and has timely received favorable <br />reports from each of them; and <br />WHEREAS, the Commission held a public hearing on the pro- <br />posed financing of such facilities on December 5, 1975, after <br />giving the required notice as provided for in Section 17 of IC -1973, <br />18- 6 -4.5; and <br />WHEREAS, on the 18th day of October, 1974, the Common <br />Council of the City of South Bend, Indiana enacted Ordinance No. <br />5748 -74 authorizing the issuance of South Bend Economic Development <br />Revenue Bond's in connection with a previous application filed <br />by Gates Realty, Incorporated which said Bonds have not and will <br />not be issued by the City. <br />t; <br />
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