HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Praire Company RESOLUTION
No. 431-74
Passed by the Common Council of the City of South Bend, Indiana,
JULY 8 , 19 74
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
JULY 9, I9 74
-�-� City Clerk
Approved and signed by me 19
Mayor
r c
RESOLUTION NO.
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR PRAIRIE COMPANY 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 teh provisions of the Municipal Economic Development Act of 1965
as amended, supplemented or added to, including but not limited
to the amendments , supplements or additions of IC-1973 , 18-6-4 . 5
or any other amendments , supplements or additions thereto,
hereinafter referred to as the "Act" and
WHEREAS, Prairie Company 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 forward.dd
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-
f
posed financing of such faciliteis on 1974 ,
after giving the required notice as provide or in Section 17
of IC-1973, 18-6-4 . 5 ; and
no I% CIERKIS OFFICE
PRESENTED i - g- V 3Ut4 2 5 1974
NOT APPROVED
g _ �.� Irene Gammon
ADOPTED 7 -
CITY CLERIC SOUTH BEND, IND.
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 Prairie Company 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 Prairie Company 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. r��%Presented by:
Cotificilman
Ll
Passed and adopted by the Common Council of the City of
South Bend, Indiana, on the Bt-*- day of 1 1974 .
Attest:
President of Co cil
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the 9 day of ._x� 1974 , at the hour of
�! : U o )0 M.
City Clerk
This resolution approved and signed by me on the jD t�k
day of , 1974 , at the hour of _.M.
May r
Attest:
City Clerk