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ORDINANCE NO. S Co S 0 7 <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 />GENERAL SHEET METAL, INC. <br />WHEREAS, the Common Council of the City of South Band, <br />Indiana, heretofore has created the South Bend Development <br />Commission, hereinafter referred to as "Commission ", pursuant to the <br />provisions of the Municipal Economi+evelopment Act of 1965, as <br />amended, supplemented or added to, including but not limited to the <br />amendments, supplements or additions of IC -1973 18- 6 -4.5, or <br />any other amendments, supplements or additions thereto, hereinafter <br />referred to as The "Act ": and <br />Whereas, General Sheet Metal 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 facilitits <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 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 />tht Superintendent of the School Corporation of the area of 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 February 15 , 1974, after <br />giving the required notice as provided for in Section 17 of IC -1973 <br />18- 6 -4.5; and <br />