HomeMy WebLinkAboutFinding and adjudging that the financing of facilities for dezkap theatre corporationRESOLUTION
No. 471 -75
Passed by the Common Council of the City of South Bend, Indiana,
JANUARY 27, 19 75 .
Attest: A— City Clerk
Attest: �� �' �� President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
JANUARY 28, 19 75
/N-- City Clerk
Approved and signed by me _ az 19-Z67�
Mayor
RESOLUTION NO. -{'7 / - 'I S'
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR DEZKAP THEATRE CORPORATION, AN
INDIANA CORPORATION BY THE ISSUANCE BY THE CITY
OF SOUTH BEND, INDIANA, OF ITS INDUSTRIAL DEVELOPMENT
REVENUE BONDS PERTAINING TO SUCH FACILITIES FOR
SUCH ENITY WILL BE OF BENEFIT TO THE HEALTH OR
WELFARE OF THIS MUNICIPALITY AND APPROVING THE
FINANCING THEREOF.
Whereas, the Common Council of the City of South Bend,
Indiana, heretofore has created the South Bend Development
Commission, hereinafter referred to as "Commission" pursuant
to the provisions of the Public Law No. 182, of the Acts of the
General Assembly of Indiana, for 1973, as such may be amended
from time to time, including but not limited to IC 18- 6- 4.5 -2
through 18- 5- 4.5 -28, hereinafter referred to as the "Act" and;
WHEREAS, Dezkap Theatre Corporation has filed an application
with the Commission to finance the remodeling and renovating
of an existing facility which will constitute economic development
facilities resulting in substantaal number of new jo'os as well
as other benefits; and
WHEREAS, in connection therewith the Commission has prepared
and placed on file a report containing the subject matter as
specified in Section 16 of IC 1973, 18 -6 -4.5 and has forwarded
copies thereof to the Chairman of the Area Plan Commisssion and to
the Superintendent of the School Corporation in the area of which
the facilitees will be located, and has timely received favorable
reports from each of them; and
WHEREAS, The Commission held a public hearing on the
proposed financing of such facilities on November 29th, 1974 after
giving the required notice as provided for in Section 16 of
IC 1973, 18- 6 -4.5; and
WHEREAS, the Commission at such meeting by a duly adopted
written resolution, incorporated herein by reference, found that
the propsoed financing complies with the purposes and rpovisions
of the Act, and approved such financing, including, but not
limited to the forms and terms of the financing agreement
consisting of the Lease and Trust Indenture and the bonds; and
WHEREAS, this Common Council of the City of South Bend,
Indiana, now finds that the proposed financing of such facilities
for Dezkap Theatre Corporation will be of benefit to the health
or welfare of the City of South Bend, Indiana, and that, accordingly
this resolution should be adopted.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of
the City of South Bend, Indiana, that;
Section 1. Such financing for Dezkap Theatre Corporation
an Indiana corporation, under the Act be and the same is hereby
approved.
Section 2. This resolution shall be in full force and
effect from and after its passage by the Common Council and
approval by the Mayor.
PRESENTED BY: PP
Council a
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the
197 5.
ATTEST:���
P es' ent of Council
27th day of January ,
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the �?? t-4- day of 1 1975, at the
hour of -/.- (Le M.
City Clerk
This resolution approved and signed by me on the
day of 1975, at the hour of 3 :oO P.M.
MAYOR
ATTEST: HEED IN CLE11A'S OFFICE
°;r
City Clerk PRESENTED JAN 6 19
NOT APPROVED Irene Gammon
n nnnTen
_ ,� ,7 S CITY CLERK, SOUTH BEND, IND.