Authorizing issuance of its "variable rate Economic Development Revenue Bonds, Series 2001 not to exceed $2,000,000

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RESOLUTION NO. ~`-~ / RESOLUTION OF THE SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION A Resolution Making Certain Findings Relating to the Financing of Certain Economic Development Facilities on Behalf of Goodwill Industries of Michiana, Inc., an Indiana Nonprofit Corporation (the "Borrower"), and Approving Such Financing and the Forms of the Documents Related Thereto. WHEREAS, the South Bend Economic Development Commission (the "Commission") is authorized by IC 36-7-11.9 and IC 36-7-12, as amended (collectively, the "Act"), to investigate, study and survey the need for job opportunities, industrial diversification, water services and pollution control facilities in the City of South Bend, Indiana (the "City"), and to recommend action to improve or promote job opportunities, industrial diversification, water services and the availability of pollution control facilities in the City; and WHEREAS, Goodwill Industries of Michiana, Inc. (the "Corporation"), has previously submitted an application to the Commission and the City requesting that the City issue and sell its economic development revenue bonds for the purpose of paying a portion of the costs of (i) the construction of an approximately forty thousand (40,000) square foot production and industrial services facility to be located on Western Avenue adjacent to the current Goodwill headquarters and processing plant at 1805 Western Avenue in the City; and (ii) the construction of an approximately eleven thousand (11,000) square foot new retail store to be located on Ireland Road near Ironwood Road at 1904-1906 Ireland Road in the City (collectively, the "Project"); and WHEREAS, on December 15, 2000, the Commission adopted a resolution and issued a Report (the "Report") and Findings of Fact (the "Findings") determining, among other things, that