Approving a Contract Bureau of Water Badger Meter, Rockwell $91,229.00

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ORDINANCE NO. S 7 / & _ ? 5/ AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS, AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO K AND F MANUFACTURING CO., INC. WHEREAS, the Common Council of the City of South Bend Indiana, heretofore has created the South Bend Development Commission, hereinafter referred to as "Commission ", pursuant to the provisions of the Public Lsw No. 182 of the Acts of the General Assembly of Indiana for 1973, as such may be amended from time to time, including but not limited to IC 18- 6 -4.5 -2 through IC 18- 6- 4.5 -28, hereinafter referred to as the "Act "; and WHEREAS, K and F Manufacturing Co., Inc. an Indiana corporation has filed an application with the Commission to finance the con7 struction on real estate deeded to the city on June 7, 1973, of an industrial and manufacturing building (facilities) and the purchase of machinery and equipment to be used in connection there- with, which will constitute economic development facilities resulting in a substantial number of jobs as well as other benefits; and WHEREAS, in connection therewith the Commission has prepared and placed on file a report containing the subject matter as specified in Section 16 of IC -1973, 18 -6 -4.5 and forwarded copies thereof to the Chairman of the Area Plan Commission and to the Superindendent of the School Corporation in the area of which the facilities will be located, and has timely received favorable reports from each of them; and WHEREAS, the Commission held a public hearing on the proposed financing of such facilities on July 19 , 1974 after giving the required notice as provided for in Section 17 of IC -1973, 18- 6 -4.5; and WHEREAS, on the 12th day of August , 1974, this Common Council of the City of South Bend, Indiana, adopted