HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Industrial RealtyRESOLUTION
No. 464 -74
Passed by the Common Council of the City of South Bend, Indiana,
DECEMBER 16, 19 74
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
DECEMBER 17, Iq 74
it , J&�
Approved and signed by me % 19
City Clerk
RESOLUTION NO. y & y- 7 q
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR INDUSTRIAL REALTY, AN INDIANA
PARTNERSHIP BY THE ISSUANCE BY THE CITY OF SOUTH BEND,
INDIANA, OF ITS INDUSTRIAL 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 THEREOF
WHEREAS, the Common Council of the City of South Bend,
Indiana, heretofore has created the South Bend Development
Commission, herinafter referred to as "Commission ", pursuant
to the provisions of the Public Law No. 183 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 IC 18- 6- 4.5 -28, hereinafter referred to-as the "Act
and;
WHEREAS, Industrial Realty 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 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 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
proposed financing of such facilities on November 15, 1974 after
giving the required notice as provided for in Section 17 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
PRESENTED / ;2 - ) 6 - '7 r
NOT APPROVED
ADOPTED / � - / Co — -? y
FILED IN CLERK'S OFFICE
DEC 1 11974
Irene Gammon
CITY CLERK, SOUTH BEND, IND.
/oZ
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 Industrial Realty 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 Industrial Realty, 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.
i
PRESENTED BY:,
Counci n
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the I& t f day of �C, � ,__ > , 1974.
AT T:
President° of- ouncil
l City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the day of `�� ,�1 , 1974 .
at the hour of ,t;c —o M.
City Clerk
This resolution approved and signed by me on the
day of � � . 1974, at the hour of "/-*0o P.M.
ATTEST:
��-ck, -�� � / ��t� -i,- ,.ter -•tee
City Clerk