Laserfiche WebLink
ORDINANCE NO.S ?Da -q�l <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 />PRAIRIE COMPANY <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana, heretofore has created the South Bend Development Commission <br />hereinafter referred to as "Commission ", pursuant to the provisions <br />of the Municipal Economic Development Act of 1965, as amended <br />supplemented or added to, including but not limited to the <br />amendments, supplements or additions of IC -1973, 18- 6 -4.5, <br />or any other amendments, supplements or additions thereto, <br />hereinafter referred to as the "Act "; and <br />WHEREAS, Prairie Company has filed an application with <br />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 <br />benefits; and <br />WHEREAS, in connection therewith the Commission has <br />prepared and placed on file a report containing the subject <br />matter as specified in Section 16 of IC -1973, 18 -6 -4.5 and has <br />forwarded copies thereof to the Chairman of the Area Plan Commission <br />and to the Superintendent of the School Corporation in the area <br />of which the facilities will be located, and has timely received <br />favorable reports from each of them; and <br />WHEREAS, the Commission held a public hearing on the pro- <br />posed financing of such facilities on , 1974, after <br />giving the required notice as provided for in Section 17 of IC -1973 <br />18- 6 -4.5; and <br />