Transfer of Jurisdiction Regarding Economic Development Facilities & Issuance of Revenue Bonds

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RESOLUTION NO. 10 77- / I A RESOLUTION CONSENTING TO THE TRANSFER OF JURISDICTION TO ST. JOSEPH COUNTY, INDIANA REGARDING ECONOMIC DEVELOPMENT FACILITIES AND THE ISSUANCE OF ST. JOSEPH COUNTY ECONOMIC DEVELOPMENT REVENUE BONDS (MADISON CENTER, INC PROJECT) TO FINANCE SAID FACILITIES STATEMENT OF PURPOSE AND INTENT: The City of South Bend, Indiana (the "City "), is a municipal corporation and political subdivision of the State of Indiana and by virtue of IND. CODE §36- 7 -12 -22 is authorized and empowered to adopt this Resolution. Madison Center, Inc., an Indiana not - for - profit corporation with principal offices located in South Bend, Indiana at 403 East Madison Street, presently intends to finance in- patient health care facilities which comprise "economic development facilities" within the meaning of IND. CODE §36 -7- 11.9 -3 through the issuance of economic development revenue bonds pursuant to the provisions of IND. CODE 36 -7 -12 et se q., as amended (the "Act "). Madison Center is licensed by the State of Indiana as a community mental health center, and is supported by a County tax pursuant to the provisions of IND. CODE 16 -16 -1 et seq. Madison Center and St. Joseph County, Indiana entered into an agreement dated October 9, 1990. Under this agreement, mental health services will be provided by Madison Center to St. Joseph County, and the County shall pay for such services pursuant to an additional County tax levy. Due to the relationship between Madison Center and the County with respect to said facilities, this Common Council wishes to transfer jurisdiction over said health care facilities and the financing thereof pursuant to the Act to St. Joseph County. IND. CODE §36- 7- 12 -22(b) provides in relevant part that "... economic development facilities that are to be located within the corporate boundaries of a municipality may not be financed by a County without the consent of the fiscal body of the municipality ...". NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, THAT the Common Council consents, pursuant to the provisions of IND. CODE §36- 7- 12- 22(b) , to the financing of said health care facilities by St. Joseph County, Indiana and its Economic Development Commission, and jurisdiction with respect thereto is hereby transferred to St. Joseph County, Indiana.