HomeMy WebLinkAboutFinding and adjudging the financing of facilities for August K. Brenner and Doris Ann BrennerAttest:
RESOLUTION
No. 463 -74
Passed by the Common Council of the City of South Bend, Indiana,
DECEMBER 16, I g 74 .
Clerk
Attest. - �' President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
DECEMBER 17, 19 74
City Clerk
Approved and signed by me /% 1917'�/ .
/0/-/
RESOLUTIONd NO. -16.3-,) <-I
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR AUGUST K. BRENNER AND DORIS ANN
BRENNER, BY THE ISSUANCE BY THE CITY OF SOUTH BEND,
INDIANA, OF ITS II4DUSTRIAL DEVELOPKENT 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, 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- 6- 4/5 -28, hereinafter referred to as the "Act "; and
WHEREAS, August K. Brenner and Doris Ann Brenner have
filed an application with the Commission to finance the acquisition
of real estate and the construction thereon of an industrial and
commercial building (facility) 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 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 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 Turst 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 August K. Brenner and Doris Ann Brenner will be of benefit to
the health or welfare of the City of South Bend, Indiana, and that,
accordingly this resolution should be adopted.
4OW THEREFORE, BE IT RESOLVED by the Common Council of
the City of South Bend, Indiana, that;
Section 1. Such financing for August K. Brenner and
Doris Ann Brenner 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: %/-
Roge O. Parent, ouricilman
i
Passed and adopted by the Common/Council of the City
of South Bend, Indiana, on the day of���.J ,
1974.
AT E
President f C it City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the I-Ic4- day of X� _Y 1974,
at the hour of y P.M.
City Clerk
This resolution approved and signed by me on the /9 &
day of h , 1974, at the hour of Y.•oo P.M.
ATTEST:
City Clerk
PRESENTED
NOT APPROVED
i - � - '-� y
ADOPTED z - 6 - ) U
0 E C 1 11974
Ff ICE
Irene Gammon
CITY CLERK, SOUTH BEND, IND,