HomeMy WebLinkAboutFinding and adjudging the financing of facilities for Miles Distributing Inc. t '
RESOLUTION
No. 416-74
Passed by the Common Council of the City of South Bend, Indiana,
APRIL 22, 19 74
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
APRIL 23, 19 74
q---, /'�� City Clerk
Approved and signed by me 197
Mayor
JL
RESOLUTION NO. V / 6- - '7
A RESOLUTION FINDING AND ADJUDGING THAT THE FINANCING
OF FACILITIES FOR MILES DISTRIBUTING, INC. 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 the provisions
of the Municipal Economic Development Act of 1965 , as amended
supplemented or added to, including but not limited to teh amendments
supplements or additions of IC-1973 , 18-6-4 . 5 , or any other amend-
ments , supplements or additions thereto, hereinafter referred to
as the "Act" ; and
WHEREAS, Miles Distributing, 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
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 dinancing of such facilities on March 22 , 1974 , after
giving the required notice as provided for in Section 17 of IC-1973 ,
18-6-4 . 5 ; and
FILED IN WK'S OFFICE
PRESENTED 4 -a �2 , -2
NOT APPROVED APR 1 019��
ADOPTED </ a a - A-/ Irene Gammon
CLTY CLERK, 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 Miles Distributing, 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 Miles Distributing, 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 day of 1974 .
Pr sident
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 o? S -4
day of , 1974 , at e hour of S.'Oa pM.
4JJAAA �fi
)7,-ImIVKJL L�11.1,
Attest: VoVVr
City Clerk