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ORDINANCE NO. Ste/ 9 i- 73 <br />AN ORDINANCE TO AUTHORIZE THE EXECUTION OF A LEASE, IN- <br />DENTURE OF TRUST, AND BONDS AND TO AUTHORIZE THE ISSUANCE <br />OF ECONOMIC DEVELOPMENT REVENUE BONDS PERTAINING TO <br />MICHIANA BEVERAGES, INC. <br />WHEREAS, The Common Council of the City of South Bend, Indiana, (herein- <br />after called the "Common Council "), heretofore has created the South Bend Econo- <br />mic Development Commission (hereinafter called the "Commission ") pursuant to <br />the provisions of the Municipal Economic Development Act of 1965, as amended; <br />and <br />WHEREAS, the Commission has found by a written resolution that because <br />of existing insufficient diversification of industry, or insufficient pollution <br />control measures, the economic welfare of the City of South Bend, Indiana, <br />(hereinafter called the "City "), would be benefited by the construction, equip- <br />ping, and leasing to others of industrial facilities, and such resolution and <br />finding has been approved by the Common Council; and <br />WHEREAS, the Commission has prepared a report estimating the public <br />services which would be desirable by the proposed project, and the expenses <br />thereof, the total costs of the proposed project and the number of jobs and esti- <br />mated payroll on account of the acquisition and leasing of the proposed facilities <br />relating to Michiana Beverages, Inc., (hereinafter called the "Lessee "), and <br />such report has been submitted to the Chairman of the Area Plan Commission and <br />to the President of the South Bend Community School Corporation Board of School <br />Trustees and the written comments of said Commission and of said Board have been <br />received by the Clerk of the Common Council and such reports and comments have <br />been appropriately made to such Council; and <br />WHEREAS; the Commission has approved this form of ordinance author- <br />izing the execution of a Lease and Indenture of Trust and Bonds, and the issuance <br />of economic development revenue bonds in accordance therewith; and <br />WHEREAS, the Commission has transmitted this form of ordinance to the <br />City Clerk for the presentation to the Common Council; and <br />WHEREAS, the City Clerk has published in a newspaper published in <br />South Bend, Indiana, a notice that such form of ordinance has been filed with <br />the City Clerk in accordance with the provisions of said Municipal Economic <br />