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RESOLUTION NO. 1(13q.a'(o <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 /> FUND. <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 an access road that will facilitate the expansion of <br /> Mastic Corporation. <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 /> Member of the •ocmon Council <br /> 10/d <br /> gr. 11 fticrwq nrific't <br /> poi <br /> SEP 171986 <br /> PRESENTED 9- a - ? <br /> NOT APPROVED I«F� E (9 a",�: °S <br /> y CLERK, Rs.,.;, <br /> ADOPTED 9. ga-r6 <br />