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ORDINANCE NO. S s S N -2,5 <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 />-MID -WEST PRODUCERS' CREAMERIES, INC. <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 amendments, <br />supplements or additions of IC -1973, 18- 6 -4.5, or any other amend- <br />ments, supplements or additions thereto, hereinafter referred to as <br />the "Act "; and <br />WHEREAS, Mid -West Producers' Creameries, Inc. has filed an <br />application with the Commission to finance the acquisition of real <br />estate and the construction thereon of an industrial and commercial <br />building (facilities) which will constitute economic development <br />facilities resulting in a substantial number of new jobs as well <br />as other 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 />the Superintendent of the School Corporation in 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 pro- <br />posed financing of such facilities o 1973, after giving <br />the required notice as provided for in Section 17 of IC -1973, 18- 6 -4.5; <br />F1'L� .`'_1 <br />=;r R:;arltic <br />PUDL,C WANNG <br />2nd READING <br />NOT APPROVED <br />REFERRED <br />PASSED <br />9 -aN -73 <br />me.w�«J <br />