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Authorizing Revenue Bonds - R Lee Fagen d/b/a Fagen Enterprises
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Authorizing Revenue Bonds - R Lee Fagen d/b/a Fagen Enterprises
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12/2/2013 3:36:16 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
7/9/1973
Ord-Res Number
5543-73
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NO. 357-4/0 -173 <br />AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE, TRUST <br />INDENTURE, ECONOMIC DEVELOPMENT REVENUE BONDS AND THE <br />'FORMS AND TERMS OF THE LEASE AND TRUST INDENTURE AND <br />BONDS AND MORTGAGE AND THE ISSUANCE OF ECONOMIC DEVEL- <br />OPMENT REVENUE BONDS PERTAINING TO R. LEE FAGEN d /b /a <br />FAGAN ENTERPRISES <br />WHEREAS, the Common Council of the City of South Bend, Indiana, <br />heretofore has created the South Bend Economic Development Commission <br />pursuant to the provisions of the Municipal Economic Development Act. <br />of 1965, as amended, and <br />WHEREAS, the South Bend Economic Development Commission has <br />found bV a written resolution that because of existing insufficient <br />employment opportunities, or insufficient diversification of industry, <br />or insufficient pollution control measures, the economic welfare of <br />the City of South Bend, Indiana, would be benefited by the acquisi- <br />tion and leasing to others of industrial facilities, and such resolu- <br />tion and finding has been approved by the Common Council of the City <br />of South Bend, Indiana, and <br />WHEREAS, the South Bend Economic Development Commission has <br />prepared a report estimatin§ the public services which would be <br />desirable by the proposed project, and yhe expenses,thereof, the <br />total project costs of the proposed project and the number of jobs <br />and the estimated payroll on account of the acquisition and leasing <br />of the proposed facilities relating to R. Lee Fagen d /b /a Fagen <br />Enterprises 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 has <br />approved this form of ordinance authorizing the execution of a <br />
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