Inducement Resolution relating to the William R. Dobslaw and Heike Dobslaw Project

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go . RESOLUTION NO. AN INDUCEMENT RESOLUTION RELATING TO THE WILLIAM R. DOBSLAW AND HEIKE DOBSLAW PROJECT Whereas, pursuant to I.C. 18- 6 -4.5, the Common Council of the City of South Bend, Indiana mmissionthfollowingean Envestigation Development Commission, which C o and survey, has determined that dacommercial exists andnindustrial community diver- additional job opportunities an job opportunities, sification. That in order to improve and promote j commercial diversification, and the geintowwithrWilliameR unity a financing agreement should be entered relating to a project to be known and Heike Dobslaw, or their assigns, as the "William R. Dobslaw and Heike Dobslaw Project "; and WHEREAS, William R. Dobslaw and Heike Dobarewtheeownerseand °f St. Joseph County in the State of Indiana ndiana corporation engaged operators of jenny's incorporated, anddesire to acquire real estate in the restaurant business, of leasing it to Jenny's and construct a facility for the purpose of Jenny's Incorporated which will anduthelemploymentnof a substantial number Incorporated operations of new employees and, WHEREAS, William R. Dobslaw and Heike Dobslaw propose to acquire a parcel of real estate located at the southeast corner of Ireland Road and U. S. 31 south, andotomores than t8,000esquare equip a restaurant facility consisting feet; and, WHEREAS, to induce William R. Do or users Hofksuohbeconomic or their lessees, to become the principal development facilities, the South Bend Common Council desires to adopt this resolution; and, WHEREAS, it is apparent that the development of the proposed project will .increase job opportunities and commercial diversification in St. Joseph County, Indiana, resulting in benefit to the welfare of the public in the City of South Bend and in St. Joseph County; Indiana. NOW, THEREFORE, BE IT RESOLVED by the South Bend Common Council as follows: roval is hereby given to the application SECTION 1. That app to the acquisition of William R. Dobslaw and Heike Dobslaw relating in of an of such real estate thereon ,cwhereintindustrialurevenue bonds industrial facility City of South Bend, Indiana, for an amount would be issued by the thereon , not exceeding $350,000.00 repayable datelwhichsdoes not enextend a period of time and beyond thirty (30) years haftertthetissue date. In order to encourage, induce and solicit such SECTION 2. for such application by William R. Dobslaw and Heike Dobslaw, Industrial Revenue Bond -ifs a EconomicoDevelopment 1Facilities, struction and equipping the South Bend Common Council shall procein thecdrafting of t and take such action as may be necessary documents or the performance of such other.acts athelCityaoflSouth the issuance of such Industrial Revenue Bonds by ent of Bend, Indiana, lsuch to be and the costs . of acquiring equipping of such Economic-Development Facilities. zu