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RESOLUTION NO. WU4 7 <br /> RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF <br /> SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO <br /> SUBMIT AN APPLICATION TO THE INDIANA DEPARTMENT OF <br /> COMMERCE FOR THE INDUSTRIAL DEVELOPMENT GRANT. <br /> WHEREAS, the City of South Bend is dedicated to pursuing <br /> economic development through promoting growth of businesses which <br /> stimulate the local economy and thereby benefit the people of South <br /> Bend as a whole; and <br /> WHEREAS, the Mastic Corporation expansion project will benefit <br /> the local economy, specifically by creating new manufacturing jobs <br /> and new construction jobs, by generating new taxes on real and <br /> personal property, by utilizing vacant land, and by contributing to <br /> the construction of a new building and infrastructure development in <br /> the South Bend community; and <br /> WHEREAS, the expansion of the Mastic Corporation, an existing <br /> manufacturing industry in South Bend, fits into our overall <br /> development concept as it will contribute to the restoration and <br /> diversification of our industrial base; and <br /> WHEREAS, the receipt of an Industrial Development Grant will <br /> enable the City of South Bend to provide the infrastructure <br /> improvements necessary to implement this project, specifically by <br /> constructing a new road that will facilitate the expansion of Mastic <br /> Corporation and the future development of the Rum Village Industrial <br /> Park. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE <br /> CITY OF SOUTH BEND, INDIANA: <br /> SECTION I. Hereby establishes the authority of the Mayor of <br /> the City of South Bend to submit an Industrial Development Grant <br /> application to the Indiana Department of Commerce for the Mastic <br /> Corporation expansion project. <br /> SECTION II . This Resolution shall be in full force and effect <br /> immediately upon passage by the Common Council of the City of South <br /> Bend, Indiana, and approval by the Mayor. <br /> / e <br /> ar ._' S.4 . 41 %a.'` <br /> /Mem/=r of the Comm Council <br /> 10/d <br /> i 4'.T.: c.CI--7:-70 E <br /> iVIAl■; 1 U 1987 <br /> C y r w. y�,,, , <br /> PRESENTED 3 -a 5 - 8 7 y i `Y €;.h ,� , ; t�' t� °d, h`?., <br /> NOT APPROVED <br /> ADOPTED °� 3-8'7 <br />