HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Osthimer, Inc.. RESOLUTION
No. 437-74
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
4", 4��� City Clerk
Approved and signed by me 19 7,
Mayor
RESOLUTION NO. 4/317- 17 L/
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR OSTHIMER, INC. , AN INDIANA CORPORATION
BY THE ISSUANCE BY THE CITY OF SOUTH BEND, INDIANA, OF
ITS INDUSTRIAL DEVELOPMENT REVENUE BONDS PERTAINIG TO
SUCH FACILITIES FOR SUCH ENTITY `^JILL 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. 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, Osthimer, Inc. has filed an application with
the Commission to finance the acquisition of real estate and
the construction thereon of an industrial and manufacturing
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 July 19th, 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 Osthimer, 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 Ostheimer, 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:
Coy /he man
Passed and adopted by Common Council of the City of
South Bend, Indiana, on the /ate day of 1974.
ATTEST: `
President of Council
4,
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the 13 (w day of , 1974 , at the hour of
M.
City Clerk
This resolution approved and signed by me on the
day of , 1974 , at?PSENTED our of
FILED IN CLERK'S OFFICE
MAYOR
ATTEST: JUL 3 � 1974
a"- /a -') 51
/ NOT APPROVED Irene Gammon
City Clerk
ADOPTED r- i ,�2 -17 4/ CITY CLERK, SOUTH BEND, IND.