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ORDINANCE NO. 5 S /o g -'73 <br />AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE <br />AND TRUST INDENTURE AND ECONOMIC DEVELOPMENT REVENUE <br />BONDS AND THE FORM AND TERMS OF THE LEASE AND <br />TRUST INDENTURE AND BONDS AND THE ISSUANCE OF <br />ECONOMIC DEVELOPMENT REVENUE BONDS PERTAINING TO <br />A. H. CHOITZ & COMPANY, INC. <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana, heretofore has created the South Bend Economic Develop- <br />ment Commission pursuant to the provisions of the Municipal <br />Economic Development Act of 1965, as amended, and <br />WHEREAS, the South Bend Economic Development Commission <br />has found by a written resolution that because of existing insuf- <br />ficient employment opportunities, or insufficient diversification <br />of industry, or insufficient pollution control measures, the <br />economic welfare of the City of South Bend, Indiana, would be <br />benefited by the acquisition and leasing to others of industrial <br />facilities, and such resolution and finding has been approved by <br />the Common Council of the City of South Bend, Indiana, and <br />WHEREAS, The South Bend Economic Development Commission <br />has prepared a report estimating the public services which would <br />be desirable by the proposed project, and the expenses thereof, <br />the total project costs of the proposed project and the number of <br />jobs and estimated payroll on account of the acquisition and <br />leasing of the proposed facilities relating to A. H. Choitz & <br />Company, Inc. and such report has been submitted to the Chairman <br />of the Plan Commission and to the Superintendent of the South Bend <br />Community School Corporation and their written comments have been <br />received by the Clerk of the Common Council of the City of South <br />Bend, Indiana, and such reports and comments have been appropriately <br />made to such Council, and <br />WHEREAS, the South Bend Economic Development Commission <br />has approved this form of ordinance authorizing the execution of <br />a Lease and Trust Indenture and Bonds, and the issuance of economic <br />development revenue bonds in accordance therewith, and <br />,.IN 1,,111L,. <br />_:di[_ b-iviAN' <br />