HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Real America Development, Inc. RESOLUTION
No. 426-74
Passed by the Common Council of the City of South Bend, Indiana,
JUNE 10, I9 74
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
JUNE 11, Iq 74
q'� City Clerk
Approved and signed by me
Mayor
RESOLUTION NO. 1,106 --2 ',1
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR REAL AMERICA DEVELOPMENT, INC. 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
i
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, includ-
ing but not limited to IC 18-6-4.5-2 through IC 18-6-4.5-28, herein-
after referred to as the "Act" ; and
WHEREAS , Real America Development, Inc . 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 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 adopt-
ed 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,
THORNBURG, McGILL,
DEAHL, HARMAN,
CAREY & MURRAY
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 Real America Development, 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.
:OW, THEREFORE, BE IT RESOLVED by the Common Council of
the City of South Bend, Indiana, that:
Section 1. Such financing for Real America Development,
Inc. 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 16 day of '4 -- - 1974.
Attest: President of 4ouncil
City Clerk
Presented by me to the Mayor of the City of South Bend,
Indiana, on the day of 1974, at the hour of
P.M.
City Clerk
This resolution approved and signed by me on the
day of 1974, at the hour of .3 : 3o P.M.
Uhlao
Attest: FILED IN CLERK'S OFFICE
THORNBURG, MCGILL,
DEAHL, HARMAN, 42� "T�t� MAY 2 81974
CAREY & MURRAY
City Clerk Irene Gammon
PRESENTED Lo- / O--7 4/ CITY CLERK, SOUTH BEND, IND.
NOT APPROVED -2
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