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Act. <br /> 2. The proposed financing will be of benefit to the <br /> economic welfare of the City and will comply with the purposes <br /> and provisions of the Act. <br /> 3. The proposed financing of the Project by the City <br /> for Automatic Molded Plastics, Inc. and Aquarius Tool and Mold, <br /> Inc. is hereby found to comply with the purposes and provisions <br /> of the Act and Automatic Molded Plastics, Inc. and Aquarius Tool <br /> and Mold, Inc. may proceed with the Project in reliance upon this <br /> Resolution. <br /> 4 . The South Bend Economic Development Commission <br /> shall take such action as is necessary to facilitate the issuance <br /> of Industrial Development Revenue Bonds (the "Bonds") by the City <br /> of South Bend, Indiana, for the Project, but that all costs and <br /> expenses incurred in the issuance shall be Project costs to be <br /> disbursed from the proceeds of the Bonds. <br /> 5 . The South Bend Economic Development Commission, the <br /> South Bend Common Council and the City shall not be liable if the <br /> issuance of the Bonds is not consummated. <br /> This Inducement Resolution shall be in full force and <br /> effect from and after its adoption by the Common Council and <br /> approved by the Mayor. <br /> I/ <br /> Member of the mmon Council <br /> PRESENTED — /3_az FILED IN CLEWS OFFICE <br /> Fiat APPROVED AUG 1984 <br /> 7DOPTED g- /3 - ?V <br /> Irene Gammon <br /> CRY CLERK,SOWN BEND,IND. <br />