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0 <br />ORDINANCE NO. S" S d 5- ),3 <br />AN ORDINANCE AUTHORIZING THE EXECUTION OF A LEASE, TRUST <br />INDENTURE, ECONOMIC DEVELOPMENT REVENUE BONDS AND MORTGAGE <br />AND THE FORMS AND TERMS OF THE LEASE AND TRUST INDENTURE <br />AND BONDS AND MORTGAGE AND THE ISSUANCE OF ECONOMIC DEVELOP- <br />MENT REVENUE BONDS PERTAINING TO CURTIS L. CROFOOT <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana, heretofore has created the South Bend Economic Development <br />Commission pursuant to the provisions of the Municipal Economic <br />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 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 estimating the public services which would be <br />desirable by the proposed project, and the 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 the Curtis L. Crofoot, and <br />such report has been submitted to the Chairman of the Plan Commission <br />and to the Superintendent of the South Bend Community School Corporation <br />and their written comments have been received by the Clerk of the <br />Common Council of the City of South Bend, Indiana, and such reports <br />and comments have been appropriately 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 />Lease, Trust Indenture, Bonds and Mortgage, and the issuance of <br />economic development revenue bonds in accordance therewith, and <br />