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Authorizing the Mayor to Submit an Application to the Indiana Department of Commerce for the State Investment Incentive Program Fund - A E Inc.
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Authorizing the Mayor to Submit an Application to the Indiana Department of Commerce for the State Investment Incentive Program Fund - A E Inc.
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10/5/2015 4:15:23 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/12/1986
Ord-Res Number
1414-86
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• <br /> RESOLUTION NO. I stI ci-k 6 <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 <br /> OF COMMERCE FOR THE STATE INVESTMENT INCENTIVE <br /> PROGRAM FUND <br /> WHEREAS, the City of South Bend is dedicated to pursing economic development <br /> through promoting growth of businesses which stimulate the local economy and thereby <br /> benefit the people of South Bend as a whole; and <br /> WHEREAS, A E Inc. will benefit the local economy, specifically by creating <br /> new manufacturing jobs and new construction jobs, by generating new taxes on real and <br /> personal property, by utilizing vacant land, and by contributing to the construction <br /> of a new building and infrastructure development in the South Bend community; and <br /> WHEREAS, the location of A E Inc. a new manufacturing industry, into the <br /> South Bend area fits into our overall development concept as it will contribute to <br /> the restoration and diversification of our industrial base; and <br /> WHEREAS, the receipt of a State Investment Incentive Grant will enable the <br /> City of South Bend to finance a portion of the production equipment costs necessary <br /> to allow A E Inc. to commence operations at their newly constructed manufacturing <br /> facility in the Toll Road Industrial Park. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH <br /> BEND, INDIANA: <br /> SECTION I. Hereby establishes the authority of the Mayor of the City of <br /> South Bend to submit a State Investment Incentive Grant application to the Indiana <br /> Department of Commerce for the A E Inc. industrial project. <br /> SECTION II. This Resolution shall be in full force and effect immediately <br /> upon passage by the Common Council of the City of South Bend, Indiana, and approval <br /> by the Mayor. <br /> I if <br /> - .- of the Co isf Co cil <br /> PRESENTED S- I b <br /> NOT APPROVED <br /> ADOPTED S- I a - 41.0 ate+ ¢ r <br />
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