HomeMy WebLinkAboutFinding and adjudgin that the financing of facilities for Attco Machine Products, Inc.RESOLUTION
No. 470 -75
Passed by the Common Council of the City of South Bend, Indiana,
JANUARY 27, 1975
Attest: City Clerk
L
Attest: l� O President of Common Council.
Presented by me to the Mayor of the City of South Bend. Indiana
JANUARY 28,
19 75
City Clerk
Approved and signed by me
RESOLUTION NO.
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR ATTCO MACHINE PRODUCTS, INC.
BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF
ITS ECONOMIC DEVELOPMENT REVENUE BONDS PERTAINING TO
SUCH FACILITIES FOR SUCH ENTITY WILL BE OF BENEFIT
TO THE HEALTH OR WELFARE OF THIS MUNICIPALITY, AND
APPROVING THE FINANCING THEREFOR
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, includ-
ing but not limited to IC 18- 6 -4.5 -2 through IC 18- 6- 4.5 -28, herein-
after referred to as the "Act "; and
WHEREAS, Attco Machine Products, Inc. has filed an
application with the Commission to finance the acquisition of real
estate and the construction thereon of an industrial and commercial
building (facilities) which will constitute economic development
facilities resulting in a substantial number of new jobs as well as
other benefits; and
WHEREAS, in connection therewith the Commission has pre-
pared 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 Commission and to
the Superintendent of the School Corporation in the area of which
the facilities will be located, and has timely received favorable
reports from each of them; and
WHEREAS, the Commission held a public hearing on the pro-
posed financing of such facilities on December 27, 1974, after giving
the required notice as provided for in Section 17 of IC -1973, 18- 6 -4.5;
I
and
THORNOURG. McOILL,
DEAHL. HARMAN.
CARF_Y & MURRAY
THORNBURG, MCGILL,
DEAHL, HARMAN.
CAREY & MURRAY
WHEREAS, the Commission at such meeting by a duly adopted
written resolution, incorporated herein by reference, found that the
proposed financing complies with the purposes and provisions 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 Attco Machine Products, Inc. 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 Attco Machine Products,
Inc. 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 7-
Councilman
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the a -7-1-�4day of
Attest:
Pres de of Council
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the ��day of c_ �� , 19-)s, at the hour of
<!: a�.M.
City Clerk
This resolution approved and signed by me on the d,049,
day of 19js at the ��ur o �oo P.M.
/`Ili l/U
Attest:
'< A"',
City Clerk
PRESENTED
NOT APPROVED
ADOPTED
-7 - ?s
FILED IN CLERK'S OFFICE
A. N' 6 1975
Irene Gammon
CITY CLERK, SOUTH BEND, IND.