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RES <br />OLUTION NO. G�=� <br />cing Of Economic to the Finan. <br />TION relatiHudson Corporation. <br />NT RESOsUfor Dayton - <br />INDUCEME <br />Facilitie ent <br />Development insufficient emPloym <br />t time there are co�nerce <br />WEREAS, at the presen of business <br />diversificat1On Indiana (the "City"); <br />insufficient Bend, <br />opportunities <br />and ear the City of South <br />and industry in and n benefited <br />d welfare of the City would be <br />an went facilities <br />WHEREAS, the economic we develop <br />d construction of economic "Act ") ; and <br />the acquisition an Indiana Code Is -6 -4.5 (the <br />by s <br />to the provisions of ion (the ,Company"), Proposes <br />pursuant godson Corporation defined <br />WHERF•AS, Dayton- meet facilities as <br />develop development <br />economic economic <br />to acquire and construct costs of such <br />Act if the City will finance <br />in the A Act; and Commission has <br />ursuant to the meet <br />South Bend EcOnomic Develop <br />facilities P for the issuance <br />E,g , the Corporation <br />ton - Hudson roximate <br />application by Day Bonds in an aPP <br />received an Development Dollars <br />Bend Economic 000.00) <br />of City of South Hundred � °usand ($,2,401), with interest <br />Four (30) years, <br />amount of Two Million, d thirty <br />to exceed on <br />over a period not rates generally paid <br />repayable with interest order to permit <br />a rate consistent issued in <br />thereon at bonds are purchase of <br />time the , aia the P <br />exempt bonds at the facilities <br />tax- development an increa <br />economic resulting in <br />the remodeling °f improvements' with an <br />other Physical employees, <br />new fixtures and 200) additional Five Hundred <br />hundred � Million, <br />of approximately tWo of approximately One <br />teased annual payroll <br />inc Op) Dollars Per year. <br />Thousand ($1,500,000. <br />I the City of South Bend <br />FORE, the Common Council . <br />NOV, SERE facilities <br />follows: development <br />Indiana resolves as economic Of revenue <br />The project constitutes h the issuance <br />1' the City throug complian, <br />be financed by ling upon <br />the City is wil <br />which may ant t0 the Act, and issuance °f <br />bonds pursu to authorize the <br />with all provisions of Indiana law <br />