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ORDINANCE NO. 5 ?123 -'2q <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND <br />TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS <br />AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO <br />SIMON BROS., INCORPORATED <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 Public Law No. 182 of the Acts of the General Assembly of <br />Indiana for 1973, as such may be amended from time to time, <br />including but not limited to IC 18- 6 -4.5 -2 through IC 18- 6- 4.5 -28 <br />hereinafter referred to as the "Act "; and <br />WHEREAS, Simon Bros., Incorporated an Indiana Corporation <br />has filed an application with the Commission to finance the acquisition <br />of real estate and the conktruction thereon of an industrial and <br />commercial building (facilities) which will constitute economic <br />development facilities resulting in a substantial number of jobs <br />as well as other benefits; and <br />WHEREAS, in conncction therewith the Commission has prepared <br />and placed on file a report containing the suject matter as <br />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 in which <br />the 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 <br />proposed financing of such facilities on October 25, 1974, after <br />giving the required notice as provided for in Section 17 of <br />IC 1973, 18- 6 -4.5; and <br />WHEREAS, on the 25th day of November , 1974 <br />this Common Council of the City of South Bend, Indiana adopted a <br />resolution pursuant to which such financing of such facilities for <br />