HomeMy WebLinkAboutFinding and adjudging the financing of facilities for K and F Manufacturing Co., Inc. RESOLUTION
No. 439-74
Passed by the Common Council of the City of South Bend, Indiana,
AUGUST 12, 1974
Attest: �`�"`'�' City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
AUGUST 13, 1974
City Clerk
Approved and signed by me 19, .
Mayor
RESOLUTION NO.
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR K AND F MANUFACTURING CO. , INC . , 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
ENTITY WILL BE OF BENEFIT TO THE HEALTH OF 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
IC-18-6-4. 5-28 , hereinafter referred to as the "Act" ; and
WHEREAS, K and F Manufacturing Co. , Inc. has filed an
application with the Commission to finance the construction of
an industrial and manufacturing building (facilities) , on real
estate deeded to the City on June 7 , 1973 , 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 July 19 , 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
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 K and F Manufacturing Co. , 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, THEREFOR, BE IT RESOLVED by the Common Council of the
City of South Bend, Indiana, that;
Section 1. Such financing for K and F Manufacturing Co. ,
Inc. , 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:
Coii cilman
Passed and adopted by the Commy/n Council of the City of
South Bend, Indiana, on the t-k day of 1974 .
ATTEST:
President of /Council -
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the day of � _ 1974 , at the hour of
l
.M.
City Clerk
This resolution approved and signed by me on the
day of , 1974 , at the hour of
` FILED IN CLERK'S OFFICE
JUL 01974
Irene Gammon
Attest: PRESENTED S-/ -'� CITY CLERK,. SOUTH BEND, IND.
City Clerk NOT APPROVED