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development facilities ("Project") : <br /> A. Automatic Plastics, Inc. will acquire: <br /> Six (6) New Injection Molding Machines <br /> Support Equipment: <br /> Water Temperature Control Units <br /> Oil Temperature Control Units <br /> Material Dryers <br /> Material Loaders <br /> Material Grinders <br /> B. Aquarius Tool & Mold, Inc. will acquire: <br /> One General Electric Calma System <br /> Computer Aided Design/Computer <br /> Aided Machinery <br /> Two (2) C N C Bed Milling Machines <br /> One (1) C N C Wire Electrical Discharge <br /> Machine <br /> One (1) C N C Lathe <br /> One (1) Programmable Electrical Discharge <br /> Machine <br /> resulting in the addition of approximately one hundred sixty-four <br /> (164) new jobs and an increased annual payroll of approximately <br /> Three Million One Hundred Sixty-one Thousand Eight Hundred Forty <br /> and No/100 Dollars ($3 , 161, 840 . 00) . <br /> NOW, THEREFORE, the Common Council of the City of South <br /> Bend, Indiana, moves as follows: <br /> 1 . The Project constitutes economic development <br /> facilities which shall be financed by the City through the <br /> issuance of revenue bonds pursuant to the Act, and the City is <br /> willing, upon compliance with all provisions of Indiana law, to <br /> authorize approximately One Million Five Hundred Thousand and <br /> No/100 Dollars ($1,500,000.00) of its revenue bonds, which bonds <br /> will not be general obligations of the City but will be payable <br /> solely from the limited sources authorized and permitted by the <br />