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HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Curtis Products, Inc. RESOLUTION No. 429-74 Passed by the Common Council of the City of South Bend, Indiana, JUNE 24, 19 74 Attest: `�`�""'e' City Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana JUNE 25, 19 7 4 4" '< City Clerk Approved and signed by me 19-7-1—' . Mayor U UU RESOLUTION NO. 9 A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING OF FACILITIES FOR CURTIS PRODUCTS, 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 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 Com- mission, 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, Curtis Products , 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 pro- posed financing of such facilities on , 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 pro- visions 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 Curtis Products, 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 Curtis Products , 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 Councilman Passed and adopted by the Common Council of the City of South Bend, Indiana, on the a u day of , 1974 . Attest: President of Council �--�- City Clerk Presented by me to the Mayor of the City of South Bend, Indiana, on the ?574--4 day of , 1974 , at the hour of City Clerk -2- This resolution approved and signed by me on the f.c day of , 1974 , at the hour of .M. M y r Attest: City Clerk FILED IN CLERK'S OFFICE PRESENTED NOT APPROVED j u w 1 21974 ADOPTED (D - a q - -7 Irene Gammon 3_ CITY CLERK, SOUTH BEND, IND.